Kogas LNG tanker heads towards Sabine Pass

South Korea’s state-controlled Kogas’ 174,000m³ Hyundai Princepia is heading towards the US’ Sabine Pass facility and will probably lift the first commercial LNG (liquefied natural gas) cargo from train three at the facility.

The newly-commissioned Hyundai Princepia departed South Korea on the 11th of May. Kogas has a 20-year contract to take 3.5 million tons per year from the third liquefaction train on a fob basis.

US LNG producer Cheniere Energy took control of the third liquefaction train from contractor Bechtel on 31st of March.

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