Cheniere and Bechtel Announce Substantial Completion of CCL Train 1; FERC Authorizes CCL Liquefaction and Export Activities
Posted on Mar 4, 2019 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere and Bechtel Announce Substantial Completion of CCL Train 1; FERC Authorizes CCL Liquefaction and Export Activities
Today, Cheniere Energy, Inc. (“Cheniere”) and Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) announced that Substantial Completion of Train 1 of the Corpus Christi Liquefaction (“CCL”) project at Corpus Christi, Texas, was achieved on February 28, 2019. “Commissioning is complete and Bechtel has turned over care, custody, and control of Train 1 to Cheniere.” “Under sale and purchase...
Europe Now the Top Buyer of U.S. LNG
Posted on Jan 28, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Europe Now the Top Buyer of U.S. LNG
Reuters reports that due to higher prices paid for U.S. LNG supplies, Europe is now the top buyer of U.S. LNG as reflected in “a near fivefold spike in U.S. LNG sales” to Europe, passing South Korea and Mexico as the top market. Prices for U.S. LNG in Asia recently “fell sharply on lower-than-expected demand.” The article states that the “United States is currently second only to...
DOE Releases U.S. LNG Export Data Through November 2018
Posted on Jan 18, 2019 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases U.S. LNG Export Data Through November 2018
The U.S. Department of Energy (DOE) has released data on exports of U.S.-produced LNG covering the period February 2016 through November 2018. The data show that the top four recipients of U.S. LNG, comprising 58.4% of the total, are (1) South Korea, (2) Mexico, (3) China, and (4) Japan....
Cheniere and PETRONAS Sign 20-Year LNG SPA
Posted on Dec 19, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere and PETRONAS Sign 20-Year LNG SPA
Cheniere Energy Partners, L.P. announced today that its subsidiary Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”) has entered into an LNG sale and purchase agreement (“SPA”) with PETRONAS LNG Ltd. (“PLL”), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. According to the press release, PLL has agreed to purchase approximately 1.1 million tonnes of...
Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies
Posted on Dec 19, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies
Polish Oil and Gas Company (“PGNiG”) announced that it has signed a 20-year contract with Port Arthur LNG, a subsidiary of Sempra Energy, for the sale and purchase of LNG from the proposed Port Arthur LNG terminal in Jefferson County, Texas. According to the press release, PGNiG will buy 2 million tonnes of LNG annually on a FOB (Free On Board) basis, and will be responsible for...
Tellurian and Vitol sign MOU for 15-year LNG sale
Posted on Dec 17, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tellurian and Vitol sign MOU for 15-year LNG sale
Tellurian Inc. (Tellurian) has announced that its subsidiary, Tellurian Trading UK Ltd. (Tellurian Trading), has entered into a Memorandum of Understanding (MOU) with Vitol Inc. (Vitol) to supply 1.5 million tonnes per annum of LNG from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal on Calcasieu River in Calcasieu Parish, La. The transaction...