West Delta LNG Files Deepwater Port Application
Posted on Sep 30, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on West Delta LNG Files Deepwater Port Application
West Delta LNG LLC filed an application with the Maritime Administration and the U.S. Coast Guard for the licensing of a deepwater port to be located in the Gulf of Mexico, off the coast of Louisiana. The deepwater port and marine components would consist of an LNG production and storage unit, a loading platform and marine berth unit and support facilities. The onshore components would...
Magnolia LNG to Supply Proposed Vietnamese Power Plant
Posted on Sep 18, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG to Supply Proposed Vietnamese Power Plant
Magnolia LNG’s parent company, Liquefied Natural Gas Limited, and Delta Offshore Energy (DeltaOE) have announced an alliance with the Bac Lieu Provincial Government in Vietnam to deliver an LNG-to-power project for the province. Magnolia LNG is the developer of a proposed liquefaction and LNG export terminal at Lake Charles, La. The DeltaOE led power project includes the construction...
Cheniere Energy Signs Gas Supply Deals Linked to Asian Spot LNG Prices
Posted on Sep 18, 2019 in Markets and Competition | Comments Off on Cheniere Energy Signs Gas Supply Deals Linked to Asian Spot LNG Prices
Reuters reports that Cheniere Energy subsidiaries Corpus Christi Liquefaction and Cheniere Corpus Christi Liquefaction Stage III have signed long-term gas supply deals with shale producer EOG Resources, with some of the gas tied to Asian spot LNG prices. This is the second instance of Cheniere Energy buying gas linked to spot LNG prices. According to the report, the total quantity will...
Lake Charles LNG Requests 2025 In-Service Deadline
Posted on Sep 6, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Lake Charles LNG Requests 2025 In-Service Deadline
Lake Charles LNG has filed a request with FERC for an extension of time, to December 16, 2025, to construct and place into service its proposed liquefaction and export terminal facilities at its existing LNG import terminal at Lake Charles, La. FERC’s order authorizing the construction and operation of the liquefaction and export terminal facilities imposed a December 16, 2020 deadline...
CME Group to Launch U.S. LNG Futures Contract
Posted on Sep 4, 2019 in LNG Exports, Markets and Competition | Comments Off on CME Group to Launch U.S. LNG Futures Contract
Reuters reports that CME Group will launch a futures contract on October 14, 2019, for LNG that is physically delivered at Cheniere Energy’s Sabine Pass export terminal in Cameron Parish, La. The contract will have 24 delivery months, “meaning a market participant in October could buy an August 2020 LNG cargo and trade it up until the delivery date.”...