ENGIE and AES Andres DR Agree to Joint Marketing Agreement
Posted on Dec 7, 2016 in Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on ENGIE and AES Andres DR Agree to Joint Marketing Agreement
ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation, announced that they have agreed to enter into a 12-year binding agreement to jointly market 0.7 million tonnes per annum (mtpa) of LNG in the Caribbean. Under the agreement, ENGIE will provide up to 0.7 mtpa of LNG, primarily from the Cameron LNG terminal in Cameron Parish, La., which is expected to come...
CME Group and ICE Planning to Launch LNG Derivatives Products
Posted on Dec 7, 2016 in LNG Exports, Markets and Competition | Comments Off on CME Group and ICE Planning to Launch LNG Derivatives Products
CNBC reports that CME Group and Intercontinental Exchange (ICE) both plan to launch LNG derivatives similar to internationally traded Brent and U.S. West Texas Intermediate crude oil futures. The CME Group and ICE benchmarks would be based on LNG shipments from the U.S. Gulf Coast, where Cheniere Energy operates the Sabine Pass LNG export terminal and other LNG export terminals are...
DOE Releases LNG Export Data for September 2016
Posted on Nov 18, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases LNG Export Data for September 2016
The U.S. Department of Energy (DOE) has released data showing U.S. LNG import and export activity through September 2016. The report shows that during September, five cargoes of domestically produced LNG were exported via vessel from the Sabine Pass LNG terminal in Cameron Parish, La., one cargo each to Mexico, Jordan, India, Turkey and Kuwait at prices ranging from $4.73 to...
ConocoPhillips Looks to Sell Kenai LNG Terminal
Posted on Nov 18, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on ConocoPhillips Looks to Sell Kenai LNG Terminal
Alaska Dispatch News reports that ConocoPhillips is in the “initial stages” of trying to sell its LNG export terminal on the Kenai Peninsula, Nikiski, Alaska due to market conditions. The report states that the terminal has operated since 1969 exporting LNG from Cook Inlet for export to overseas markets. ...
Woodfibre LNG Commits to Build B.C. LNG Export Terminal
Posted on Nov 7, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Woodfibre LNG Commits to Build B.C. LNG Export Terminal
The Globe and Mail reports that Woodfibre LNG announced that it is moving forward with its proposed LNG export terminal near Squamish, 65 kilometers north of Vancouver, British Columbia (B.C.). Byng Giraud, Woodfibre LNG’s country manager, is quoted as saying “[w]e commit today to build this project, a project that is right for Squamish and right for B.C.” According to the article,...
DOE Releases LNG Export Data for August 2016
Posted on Oct 17, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases LNG Export Data for August 2016
The U.S. Department of Energy (DOE) has released data on U.S. LNG exports for August 2016. The report shows that nine cargoes of domestically produced LNG were shipped from the Sabine Pass LNG terminal in Cameron Parish, La. at prices ranging from $4.23 to $5.32/MMBtu; three cargoes went to Chile, two to Brazil, and one each to Argentina, the Dominican Republic, Mexico and India. In...