Cheniere Makes Positive FID for Sabine Pass Train 6
Posted on Jun 4, 2019
Cheniere Energy Partners, L.P. (Cheniere Partners) announced that the Board of Directors of its general partner has made a positive final investment decision (FID) with respect to Train 6 of the Sabine Pass Liquefaction Project (SPL Project) in Cameron Parish, La., and Cheniere Partners has issued full notice to proceed with construction to Bechtel Oil, Gas and Chemicals, Inc. (Bechtel). The press release states that “[t]o fund a portion of the construction of Train 6 and a third LNG berth and required supporting infrastructure at the SPL Project, Cheniere Partners has entered into...
Continue Reading
Cheniere Unit Corpus Christi Stage III and Apache Sign Long-Term Gas Supply Agreement Indexed to Global LNG Prices
Posted on Jun 4, 2019
Cheniere Energy (Cheniere) announced that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC (Corpus Christi Stage III), has entered into a long-term gas supply agreement (GSA) with Apache Corporation (Apache) under which Apache has agreed to sell 140,000 MMBtu/day of natural gas to Corpus Christi Stage III for a term of approximately 15 years. According to the press release, the “LNG associated with this gas supply, approximately 0.85 million tonnes per annum (mtpa), will be marketed by Cheniere. Apache will receive an LNG price, net of a fixed liquefaction fee and certain...
Continue Reading
Total to Acquire Toshiba LNG portfolio
Posted on Jun 4, 2019
Total announced that it has signed an agreement with Toshiba to acquire its portfolio of LNG, including a 20-year tolling agreement for 2.2 million tonnes per annum of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal. The press release states that “[u]nder the transaction, Total will acquire all the shares of Toshiba America LNG corporation for a consideration of 15 million USD to be paid by Total to Toshiba and will be assigned all contracts related to their LNG business by Toshiba Energy Systems and Solutions...
Continue Reading
Cameron LNG Sends Out First Commissioning Cargo; Receives Extension of Time to Complete Facilities
Posted on May 31, 2019
Today, Cameron LNG announced that the first commissioning cargo shipment of LNG departed from its Hackberry, La., liquefaction and export facility. Commercial operations will follow completion of performance testing and receipt of FERC authorization to commence service. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK). Separately, FERC issued a letter granting Cameron LNG an extension of time until September 19, 2020 to complete...
Continue Reading
FERC Grants Freeport LNG Extension to Complete Construction and Enter Service
Posted on May 31, 2019
FERC has issued a letter granting Freeport LNG an extension of time until June 30, 2020 to complete construction of its liquefaction and LNG export project facilities on Quintana Island, Texas, and make them available for service.
Continue Reading
BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Posted on May 31, 2019
Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG project consists of an 800-mile pipeline, a liquefaction facility, and an LNG export terminal, among other things, to access Alaskan North Slope gas supplies for export as...
Continue Reading
Freeport LNG Requests Extension to Complete Liquefaction Project; DOE Authorizes Train 4 Exports
Posted on May 29, 2019
Freeport LNG has filed a letter with FERC requesting an 11-month extension of time to enable Freeport LNG to complete construction of its Liquefaction Project on Quintana Island, Texas, and place it in service by no later than June 30, 2020. FERC’s July 30, 2014 order authorizing the project set a 5-year deadline, July 30, 2019, to construct the project and make it available for service. The letter states that construction of the Liquefaction Project is ongoing, with Train 1 scheduled to be placed in service in September 2019, and Trains 2 and 3 in the first and second quarter of 2020,...
Continue Reading