Venture Global Enters Into SPA with BP
Posted on May 25, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global Enters Into SPA with BP
Venture Global Calcasieu Pass, LLC has announced that it has entered into a 20-year Sales and Purchase Agreement (SPA) with BP for the supply of two million tonnes per annum of LNG from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, La. Under the SPA, BP will purchase LNG on a free on board basis (FOB) for a 20-year term starting...
CFTC Releases Report on LNG Markets
Posted on May 16, 2018 in Federal Regulation, LNG Exports, Markets and Competition | Comments Off on CFTC Releases Report on LNG Markets
Today, the U.S. Commodity Futures Trading Commission (CFTC) issued a report assessing the market impacts due to the United States transitioning from being a net importer to a net exporter of LNG in 2016. The three main takeaways of this report are: Global LNG trade growth is expected to continue with U.S. LNG exports having the most rapid growth rate and a competitive price advantage....
U.S. Coast Guard Approves Jordan Cove LNG Waterway Suitability
Posted on May 14, 2018 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on U.S. Coast Guard Approves Jordan Cove LNG Waterway Suitability
The U.S. Coast Guard has completed its review of the Waterway Suitability Assessment for Jordan Cove Energy Project’s proposed LNG terminal at Coos Bay, Ore., and recommended to FERC that the waterway be considered suitable for LNG marine traffic associated with the project....
Venture Global LNG Signs SPA with Portugese-based Galp
Posted on May 9, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global LNG Signs SPA with Portugese-based Galp
Venture Global LNG has announced that its subsidiary, Venture Global Calcasieu Pass, LLC, and Portugese energy company Galp, have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum of LNG from the proposed Venture Global Calcasieu Pass LNG export facility in Cameron Parish, La. Under the agreement, Galp will purchase the LNG on a...
Cheniere Energy to Make FID on Corpus Christi LNG Train 3 Within Weeks
Posted on May 9, 2018 in Liquefaction, LNG Exports | Comments Off on Cheniere Energy to Make FID on Corpus Christi LNG Train 3 Within Weeks
Reuters reports that Cheniere Energy has stated that it intends “in the next few weeks” to make a final investment decision (FID) on Train 3 at the Corpus Christi Liquefaction and export terminal under construction in Corpus Christi, Texas....
Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales
Posted on May 9, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales
Pieridae Energy Limited has announced that it has entered into a term sheet to negotiate a binding LNG sale and purchase agreement (SPA) to supply LNG to Europe from the second train of the proposed Goldboro liquefaction facility in Nova Scotia. Under the SPA term sheet with Pieridae, the unnamed offtaker will purchase up to 1 million tonnes per annum of LNG over a 10-year period...