The little-used Sabine Pass liquefied natural gas terminal in Louisiana is expected to receive two Qatari cargoes in the next couple of weeks as U.S. gas prices rise and other markets struggle to take more gas.
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Sabine Pass, owned by Cheniere Energy (LNG.A), has received about 10 cargoes this year, much less than Cheniere expected, with low Gulf gas prices and demand elsewhere keeping shippers from sending much gas there.
But as storage in Europe brims ahead of winter and U.S. gas prices rise above British prices due to cold weather, the United States has seen an uptick in imports in the last couple of weeks, which is expected to carry on into the New Year.
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