Freeport LNG Affiliate and Sumitomo Enter Into HOA
Posted on Sep 7, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Freeport LNG Affiliate and Sumitomo Enter Into HOA
FLNG Liquefaction 4, LLC, a wholly owned subsidiary of Freeport LNG Development, L.P., and Sumitomo Corporation of Americas (SCOA) jointly announced that they have entered into a binding Heads of Agreement (HOA) for 2.2 million tons per year of LNG. Under the HOA, SCOA has agreed to negotiate for a 20-year liquefaction tolling agreement (LTA). The LTA is expected to start in 2023 upon...
Venture Global LNG and Repsol Reach Deal for Calcasieu Pass LNG Supplies
Posted on Sep 7, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global LNG and Repsol Reach Deal for Calcasieu Pass LNG Supplies
Reuters reports that Venture Global LNG (VGL) has entered into a 20-year agreement to supply Spanish energy company Repsol SA with one million tons per year of LNG from VGL’s proposed Calcasieu Pass LNG export facility in Cameron Parish, La. According to the report, Repsol will purchase the LNG on a free on board (FOB) basis beginning upon commercial operation of the Calcasieu Pass LNG...
Rio Grande LNG EPC Contract Now Expected Third Quarter 2019
Posted on Sep 5, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Rio Grande LNG EPC Contract Now Expected Third Quarter 2019
Platts reports that NextDecade has decided not to move forward with an engineering, procurement and construction (EPC) contract with McDermott International for NextDecade’s proposed Rio Grande LNG project on the Brownsville, Texas Ship Channel. An EPC contract is now expected to be reached in the third quarter of 2019 after competitive bidding process and prior to a final investment...
Cheniere and CPC Sign 25-Year LNG SPA
Posted on Aug 20, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere and CPC Sign 25-Year LNG SPA
Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing International LLP has entered into an LNG sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 25 years, beginning in 2021. The purchase price for LNG is...
United States and Panama to Sign Regional LNG Expansion Pact
Posted on Aug 20, 2018 in LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on United States and Panama to Sign Regional LNG Expansion Pact
Reuters reports that the United States and Panama will sign an agreement intended to expand private investment to allow greater U.S. LNG access to Latin American countries. Under the proposal, U.S. LNG supplies would be shipped to the new AES Colón LNG terminal in Panama and then distributed to countries the...
Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Posted on Aug 20, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...