Saudi Aramco Signs HOA to Purchase LNG and 25% of Sempra’s Port Arthur LNG Project
Posted on May 22, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Saudi Aramco Signs HOA to Purchase LNG and 25% of Sempra’s Port Arthur LNG Project
Today, Sempra Energy and Saudi Aramco announced that their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA) that anticipates the negotiation and finalization of a definitive 20-year LNG sale-and-purchase agreement for 5 million tonnes per annum of LNG offtake from Phase 1 of the Port Arthur LNG export project under development in...
Total and Tellurian Sign LNG Agreements
Posted on Apr 5, 2019 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Total and Tellurian Sign LNG Agreements
Total S.A. announced that it has signed a series of agreements with Tellurian, Inc. “strengthening the partnership between the two companies to develop the Driftwood LNG project” located in Calcasieu Parish, La. According to the press release, the agreements include: • A Heads of Agreement (HoA) upon which Total will invest in Driftwood Holdings and will offtake 2.5 million tons per...
NextDecade Signs LNG Contract Indexed to Brent Oil Prices
Posted on Apr 2, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on NextDecade Signs LNG Contract Indexed to Brent Oil Prices
NextDecade Corp., developer of the Rio Grande LNG export project in Brownsville, Texas, announced that it has signed the first long-term contract for LNG to be exported from the United States to be indexed to Brent oil prices. According to the press release, NextDecade signed a 20-year binding sales and purchase agreement (SPA) with Shell NA LNG, LLC for the supply of two million...
Elba Island LNG Exports to Begin Late April 2019
Posted on Mar 20, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Elba Island LNG Exports to Begin Late April 2019
Reuters reports that, because of construction delays, Kinder Morgan has pushed back to late April 2019 the start-up date of the first LNG production train at its Elba Island export terminal near Savannah, Ga. Completion of all ten liquefaction trains proposed for the terminal may not occur until January...
DOE Releases January 2019 U.S. LNG Export Data
Posted on Mar 14, 2019 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases January 2019 U.S. LNG Export Data
The U.S. Department of Energy (DOE) has released data on exports of U.S.-produced LNG through January 2019. The data show the top five countries of destination, representing 54.9% of total U.S. LNG exports, as Japan (17.5 Bcf), South Korea (17.0 Bcf), Mexico (14.3 Bcf), Italy (10.5 Bcf), and the United Kingdom (10.4 Bcf). The data also show that 37 vessel-borne cargoes were shipped...
Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
Posted on Mar 12, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
The Alaska Gasline Development Corporation, sponsor of the Alaska LNG project, announced that it has “signed an agreement with BP and ExxonMobil to collaborate on ways to advance the Alaska LNG project by working together to identify ways to improve the project’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the...