Sabine

With help from the screen, next-day gas put in solid advances across all major market points Tuesday.

One day after a federal bankruptcy court judge ruled that Sabine Oil and Gas Corp. could terminate some of its gathering contracts as part of its recovery in Chapter 11, industry experts said they don’t believe the ruling sets a precedent in the midstream sector, but are advising midstream companies to fortify their contracts with producers.

In an ominous development for midstream companies, a federal bankruptcy court judge ruled in favor of Sabine Oil & Gas Corp. on Tuesday, allowing the distressed producer to terminate natural gas and condensate gathering agreements in the wake of low commodity prices.

Midstream companies are bracing for rulings in a pair of bankruptcy court cases involving distressed exploration and production (E&P) companies.

Cheniere Energy Inc.’s Sabine Pass Liquefaction project in Louisiana may very well have produced its first liquefied natural gas (LNG) this week from the its first train, Genscape Inc. said Friday after monitoring pipeline and flaring activity around the plant.

The Sabine Pass liquefied natural gas (LNG) terminal will ship its first cargo later than initially thought, according to an announcement Thursday by Cheniere Energy Partners LP.

Natural gas is making its way to Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, with expectations for the first cargo to leave the facility in January.

Weeks before its Louisiana liquefied natural gas (LNG) terminal is due to send out its first cargo, Cheniere Energy Inc. has ousted company co-founder and CEO Charif Souki after he reportedly tangled with activist investor Carl Icahn, the company’s largest shareholder.

Sabine Pass Liquefaction LLC plans to add truck-loading facilities to its liquefied natural gas (LNG) export terminal, now under construction in Cameron Parish, LA, to handle containerized LNG for distribution for feedstock, vehicle fuel and other applications.