Sempra Renegotiates Indonesian LNG Supply Contract to Allow More Cargo Diversions
Posted on Feb 6, 2012 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Renegotiates Indonesian LNG Supply Contract to Allow More Cargo Diversions
Platts LNG Daily [subscription required] reports that Sempra Energy and the partnership behind the Tangguh LNG liquefaction project in Indonesia are renegotiating the terms of their LNG supply contract. Under the revised terms of the contract, the Tangguh partners will be permitted to divert up to 80% of Sempra’s contracted LNG supplies to other customers, rather than the 50% gas...
Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
Posted on Feb 3, 2012 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
A member of Jamaica’s business community told The Gleaner that he is frustrated with the mixed messages reportedly given by Trinidad & Tobago regarding the country’s LNG reserves, saying that “[o]ne day they have reserves and another day they are running out of reserves, [s]o you never know where you...
Cheniere Targets Caribbean Gas Market for Corpus Christi LNG Export Project
Posted on Feb 1, 2012 in Financing, LNG Exports, Markets and Competition | Comments Off on Cheniere Targets Caribbean Gas Market for Corpus Christi LNG Export Project
Platts LNG Daily [subscription required] reports that a company official from Cheniere Energy speaking at an industry conference said that his company will target gas buyers in the Caribbean region as a key market for Cheniere’s planned Corpus Christi LNG liquefaction and export facility. The official noted that strengthening Sabine Pass LNG’s financial footing would allow...
Op-Ed Discusses Market Circumstances Compelling U.S. LNG Terminals’ Shift from Import to Export
Posted on Feb 1, 2012 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Op-Ed Discusses Market Circumstances Compelling U.S. LNG Terminals’ Shift from Import to Export
An op-ed piece carried by Forbes discusses the market circumstances that have compelled several LNG import project owners to shift their projects to LNG exporting facilities. The piece also notes that some local residents and domestic gas users have opposed large scale LNG...
Cheniere, KOGAS Sign LNG Sale and Purchase Agreement
Posted on Jan 30, 2012 in LNG Exports, Markets and Competition | Comments Off on Cheniere, KOGAS Sign LNG Sale and Purchase Agreement
This morning, Cheniere Energy and Korea Gas Corporation (KOGAS) announced that they have entered into an LNG Sale and Purchase Agreement (SPA). Under the terms of the SPA, KOGAS will purchase 3.5 million tonnes per annum of LNG for a term of 20 years beginning with the commencement of operations of Train 3 at the Sabine Pass LNG liquefaction...
Dominion CEO: DOE Should Approve Non-FTA LNG Export Application This Year
Posted on Jan 30, 2012 in Federal Regulation, LNG Exports, Markets and Competition | Comments Off on Dominion CEO: DOE Should Approve Non-FTA LNG Export Application This Year
Dominion Energy CEO Thomas Farrell told industry analysts last week that he expects the U.S. Department of Energy (DOE) to approve the company’s application to export natural gas as LNG to countries with which the United States does not have a free trade agreement in place. According to Platts LNG Daily [subscription required], Farrell noted the significant natural gas supplies...