Dabhol in line to take in second US shale spot

Vol 19, PW 17 (05 May 16) News in Brief
     

After receiving its first US shale spot cargo earlier this month (April), GAIL is preparing to bring in a second US spot cargo at Dabhol before Christmas.

Just like the first US cargo, used to commission the first 4.5m t/y train at Cheniere Energy's Sabine Pass liquefaction facility, the second cargo will also be a commissioning cargo from the second 4.5m t/y train. GAIL received the first US cargo on April 18 at Dabhol aboard 162,000 cubic metre capacity LNG tanker Clean Ocean.

Loaded at the Louisiana facility on March 15, Clean Ocean took 27 days to reach Dabhol via the Cape of Good Hope. GAIL is trying to keep the price of the US cargo a secret but sources close to the company reveal it paid slightly more than prevailing spot rates: $5.10/mmbtu compared to $4.69/mmbtu it paid for a Nigerian spot sourced through BG and Gunvor and brought in at Dahej on April 27.

Sabine Pass's first train was commissioned in January. Its first commissioning cargo went to Brazil's Petrobras in February and the second to India in March.