Natural gas flows to the LNG plant hit a record. Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana is seeing record flows amid a push to send U.S. liquefied natural gas cargoes to energy-starved Europe. Natural gas flows to the LNG plant hit a record 5.1 billion cubic feet per day on both Thursday and Friday, estimates from BloombergNEF show. The higher gas flows reflect a capacity boost from Train 6, the terminal’s newest production unit, which is still undergoing the commissioning process. But they also demonstrate how the company is seizing an opportunity to cash in on the large gap between U.S. and European natural gas prices, said David Seduski, an LNG industry analyst at Energy Aspects. Natural gas sold on the U.S. Henry Hub benchmark is trading around $3.94 per million British thermal units, while gas on Europe’s TTF hub is topping $26. Equipped with two […]