January 15, 2016 – Real Money
Shipment Delay Adds to Cheniere Energy's Woes
By: Carleton English
As if it wasn't facing enough trouble due to low energy prices, Cheniere Energy (LNG) is also experiencing technical difficulties.
On Thursday, Cheniere Energy Partners (CQP), a subsidiary of Cheniere Energy, announced that "instrumentation issues" will delay its first liquefied natural gas shipment from one of the company's new Sabine Pass terminals by at least a month. The shipment was expected to occur in late January and will now occur in late February or March, the company said.
While Cheniere sounded an optimistic note when announcing the delay, it could spell future trouble as the company navigates through a difficult market.
Read the full article here: http://realmoney.thestreet.com/articles/01/15/2016/shipment-delay-adds-cheniere-energys-woes
In the image below, provided by Housley Carr of RBN Energy, there are six export terminals under construction, some of which will be coming online within the next three years. By Carr's estimation, new capacity will be added to an already oversupplied market, which means the U.S. natural gas sector is facing a "rough-and-tumble market."
