September 18, 2007
Cheniere charters Shell LNG ship for Sabine Pass
Cheniere Energy, Inc. (AMEX:LNG) reports that, through a subsidiary, it has entered into a short term time charter agreement for the charter of the Galeomma, a 126,000 cubic meter LNG vessel, from Shell Western LNG BV.
The charter is currently expected to commence in the fourth quarter of 2007.
The vessel is expected to be utilized primarily for Cheniere to import LNG into the United States, and Cheniere anticipates making the vessel available for Sabine Pass LNG, L.P., its approximately 92% owned subsidiary, to commission its LNG receiving terminal currently being constructed.
Jean Abiteboul, Executive Director of Cheniere LNG International, said, "Sabine Pass LNG, L.P., is scheduled to commence commissioning its LNG receiving terminal during February 2008 and the Galeomma will be available to support such activities. With the chartering of this vessel and the expected delivery to its affiliate, J&S Cheniere, S.A., of two additional vessels currently scheduled for December 2007 and March 2008, a total of three vessels will be available for the respective LNG transportation activities of Cheniere and J&S Cheniere."