The first train of the Sabine Pass Liquefaction (SBL) project in Cameron Parish, LA, is being handed over to the company by contractor Bechtel, months ahead of schedule, Bechtel and SBL affiliate Cheniere Energy Partners LP said Tuesday. The "substantial completion" of Train 1 follows the sendout of numerous commissioning cargoes (see Daily GPI, May, 27; May 4). Under a sale and purchase agreement with BG Gulf Coast LNG LLC, the date of first commercial delivery for Train 1 is expected to occur in November 2016, upon which the agreement's 20-year term commences. Under the agreement BG has certain rights to early cargoes produced from Train 1. "Now that Train 1 has achieved substantial completion, financial results from its LNG sales going forward will be reflected in the statement of operations," Cheniere said.
Independent Mexican exploration and production companyCompania Petrolera Perseus SA de CV (Perseus) plans to partner with small-scale gas-to-liquids technology developer Greyrock Energy Inc. to reduce natural gas flaring in Mexico. Perseus will use Greyrock’s “Flare-to-Fuels” system to convert its flared gas into clean transportation fuels. The partnership “provides an opportunity to simultaneously address an important environmental issue for Mexico and produce cleaner, high quality transportation fuels,” Perseus CEO Tomas Milmo Santos said.