IEA Report: New LNG Supplies Will Need to Find New Markets
Posted on Jun 9, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on IEA Report: New LNG Supplies Will Need to Find New Markets
The International Energy Agency (IEA) has released a report which predicts a major shift in the global natural gas market over the next five years due to a 45% increase in liquefaction capacity coming online, primarily from the United States and Australia, just as demand growth from the world’s top two LNG buyers, Japan and Korea, weakens. The report projects that China, India and...
Toho Gas Signs Agreement for Cameron LNG Supplies
Posted on Jun 7, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toho Gas Signs Agreement for Cameron LNG Supplies
Japanese utility company Toho Gas Co., Ltd. announced that it has entered into a sale and purchase agreement with Diamond Gas International Pte. Ltd., a 100% subsidiary of Mitsubishi Corporation, for the purchase of 200,000 tons/year of LNG produced at Sempra Energy’s Cameron LNG terminal under construction in Cameron Parish, La. According to the press release, the agreement calls for...
Sabine Pass Train 1 Placed In Service
Posted on Jun 1, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sabine Pass Train 1 Placed In Service
Sabine Pass LNG (Sabine Pass) has filed a letter with FERC stating that on May 27, 2016, Sabine Pass “accepted Care, Custody, and Control of Train 1 and Stage 1 OSBL from its EPC contractor, Bechtel, and placed the facilities in service.” The letter further states that the Train 1 and Stage 1 OSBL liquefaction facilities have been constructed in compliance with all the applicable...
Cheniere Announces Substantial Completion of Sabine Pass Train 1
Posted on May 31, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere Announces Substantial Completion of Sabine Pass Train 1
Cheniere Energy Partners, L.P. (Cheniere Partners) and Bechtel announced that they have achieved Substantial Completion of Train 1 of the Sabine Pass liquefaction and LNG export terminal project in Cameron Parish, La. According to the press release, “commissioning has been completed and Bechtel is turning over care, custody, and control of Train 1 to Cheniere Partners.” The first...
Fortis Signs Agreement to Supply LNG to Hawaii Electric
Posted on May 19, 2016 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Fortis Signs Agreement to Supply LNG to Hawaii Electric
Fortis Inc. announced today that its subsidiary, Fortis Hawaii Energy Inc., entered into an agreement to supply Hawaiian Electric Company, Inc. with 800,000 metric tons/year of LNG over 20-years from FortisBC’s Tilbury LNG facility in Delta, British Columbia, starting in 2021. According to the press release, to accommodate the agreement, a further expansion at FortisBC’s...
Downeast LNG Up for Sale
Posted on May 19, 2016 in Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Downeast LNG Up for Sale
Downeast LNG, sponsor of a proposed 3 million ton/year liquefaction and LNG import/export terminal near Robbinston, Maine, announced that the company will be put up for sale as of July 1, 2016. According to the press release, Downeast LNG’s majority shareholder is energy private equity manager Yorktown Partners, which manages approximately $7 billion in energy investments....