Sabine

Now Private, Sabine Emerges From Bankruptcy With $150M Borrowing Base

Sabine Oil & Gas Corp. officially emerged from bankruptcy protection as a private company last week, bringing its contentious journey through Chapter 11 to a close.

August 15, 2016

Cheniere Focusing on Long-Term LNG Contracts; Posts $298M 2Q2016 Loss

Awash in red ink, Cheniere Energy officials said Tuesday the liquefied natural gas (LNG) operations are adding to earnings and improving cash flow, and they plan to pursue long-term LNG contracts to keep that trend on the ascent.

August 10, 2016
Bankruptcy Judge Approves Sabine Chapter 11 Exit Plan

Bankruptcy Judge Approves Sabine Chapter 11 Exit Plan

A bankruptcy court judge in Manhattan has approved a second amended plan for Sabine Oil & Gas Corp., which calls for the company to emerge from Chapter 11 later this year.

July 28, 2016

Bankruptcy Judge Sides With Sabine Again Over Contracts

A bankruptcy court judge in Manhattan rejected motions by two midstream companies to stay an order allowing Sabine Oil & Gas Corp. to terminate certain natural gas and condensate gathering agreements, and for summary judgment in the case.

June 15, 2016

Briefs — Sabine Pass, Southern-AGL, Energy Transfer-Williams

Following the completion of commissioning demonstration tests, Sabine Pass Liquefaction LLC and Sabine Pass LNG LP asked FERC for authorization to place into service the liquefied natural gas (LNG) export terminal’s Train 1 facilities. More than a half-dozen commissioning cargoes have left the first train of the Cheniere Energy Louisiana terminal to date (see Daily GPI,April 29). Last Friday the Cheniere companies asked the Federal Energy Regulatory Commission to allow certain Train 1 facilities to enter commercial service by Tuesday (May 3). “Pending approval from FERC, Sabine could begin commercial operations at Train 1,” Genscape Inc. said in a note. The facility’s first train has contracts to supply Royal Dutch Shell/BG Group, Kansai Electric Power Co., and Chubu Electric Power Co., Genscape said.

May 4, 2016

Briefs — Sabine Pass, Southern-AGL, Energy Transfer-Williams

Following the completion of commissioning demonstration tests, Sabine Pass Liquefaction LLC and Sabine Pass LNG LP asked FERC for authorization to place into service the liquefied natural gas (LNG) export terminal’s Train 1 facilities. More than a half-dozen commissioning cargoes have left the first train of the Cheniere Energy Louisiana terminal to date (see Daily GPI,April 29). Last Friday the Cheniere companies asked the Federal Energy Regulatory Commission to allow certain Train 1 facilities to enter commercial service by Tuesday (May 3). “Pending approval from FERC, Sabine could begin commercial operations at Train 1,” Genscape Inc. said in a note. The facility’s first train has contracts to supply Royal Dutch Shell/BG Group, Kansai Electric Power Co., and Chubu Electric Power Co., Genscape said.

May 4, 2016

Brief — Plains All American-Cheniere

Plains All American Pipeline LP unit Pine Prairie Energy Center LLC has entered into a 10-year firm storage service agreement with Cheniere Energy Partners LP’s Sabine Pass Liquefaction LLC. Pine Prairie will provide 8 Bcf of firm natural gas storage capacity to Cheniere beginning in 2018 to serve the needs of the Sabine Pass Liquefaction facility in Louisiana. “With this new agreement, we will be able to more effectively manage the load swings as we construct and operate our liquefaction trains at Sabine Pass,” said Corey Grindal, Cheniere vice president of supply.

April 26, 2016

Brief — Plains All American-Cheniere

Plains All American Pipeline LP unit Pine Prairie Energy Center LLC has entered into a 10-year firm storage service agreement with Cheniere Energy Partners LP’s Sabine Pass Liquefaction LLC. Pine Prairie will provide 8 Bcf of firm natural gas storage capacity to Cheniere beginning in 2018 to serve the needs of the Sabine Pass Liquefaction facility in Louisiana. “With this new agreement, we will be able to more effectively manage the load swings as we construct and operate our liquefaction trains at Sabine Pass,” said Corey Grindal, Cheniere vice president of supply.

April 26, 2016

Europe’s First Taste of Gulf Coast LNG On Its Way

The sixth cargo, carried by the Creole Spirit, from Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) export terminal is bound for Portugal, making it the first Lower 48 LNG export to Europe, according to a Bloomberg report citing unnamed sources.

April 22, 2016

Europe’s First Taste of Gulf Coast LNG On Its Way

The sixth cargo, carried by the Creole Spirit, from Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) export terminal is bound for Portugal, making it the first Lower 48 LNG export to Europe, according to a Bloomberg report citing unnamed sources.

April 22, 2016
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