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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the  ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.

 

April 7, 2014

Cheniere signs SPA with Endesa

Cheniere Energy, Inc. announced that its subsidiary, Corpus Christi Liquefaction, LLC has entered into a liquefied natural gas sale and purchase agreement with Endesa S.A. under which Endesa has agreed to purchase approximately 0.75 million tonnes per annum of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas. The SPA is in addition to the previously signed SPA under which Endesa will purchase approximately 1.5 mtpa of LNG, bringing the total quantity of LNG sold to Endesa under the two agreements to approximately 2.25 mtpa. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.

Under the SPA, Endesa will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Endesa's vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years. Deliveries are expected to occur as early as 2018.

"Endesa has agreed to purchase an additional 0.75 mtpa from the Corpus Christi Liquefaction Project for use by their Italian parent company Enel," said Charif Souki, Chairman and CEO. "We have now entered into a total of approximately 3 mtpa of SPAs at the project, completing the SPAs for Train 1. We continue to work towards finalizing additional agreements and expect to complete all necessary steps to reach a final investment decision and begin construction by early 2015."

The SPA is subject to certain conditions precedent, including but not limited to Corpus Christi Liquefaction receiving regulatory approvals, securing necessary financing arrangements and making a final investment decision to construct the first train of the Corpus Christi Liquefaction Project.

March 31, 2014

Interview with President Dispenza in "Natural Gas Daily"

March 28, 2014

GDF SUEZ signs long term LNG sale to CPC of Taiwan

GDF SUEZ announced the signature of a Heads of Agreement providing for the sale of LNG under a long term agreement with CPC Corporation of Taiwan (CPC). Under the terms of the agreement, GDF SUEZ will deliver 800,000 tons per year of Liquefied Natural Gas to CPC on a 20-year period starting 2018. LNG will be sourced from the Cameron LNG plant in the USA.

March 28, 2014

GLE launches European small-scale LNG map

 

The newly launched GLE small-scale LNG map provides the following information:

  • LNG import terminals offering new LNG services
    • Reloading: Transfer of LNG from the LNG reservoirs of the terminal into a vessel
    • Transshipment: Direct transfer of LNG from one vessel into another
    • Loading of bunker ships: LNG is loaded on bunkering ships which supply to LNG-fuelled ships or LNG bunkering facilities for vessels
    • Truck loading: LNG is loaded on tank trucks which transport LNG in smaller quantities
    • Rail loading: LNG is loaded on rail tanks which transport LNG in smaller quantities
  • LNG small-scale liquefaction plants: LNG is produced in small scale liquefaction plants to respond to peak shaving demand or make available natural gas to regions where it is not economically or technically feasible to build new pipelines.
  • LNG bunkering facilities for vessels: This stationary facility allows ships to bunker LNG to be used as fuel for the vessel.
  • LNG bunker ship: This ship supplies LNG directly to LNG-fuelled ships or to LNG bunkering facilities for vessels.
  • LNG refuelling stations for trucks: This facility allows trucks to fill LNG to be used as fuel.
  • LNG satellite storage: They enable to store LNG in small quantities in areas where there is no high pressure pipeline. LNG is delivered mainly by trucks (but also by small LNG ships) to these satellite plants where it is then stored and regasified into the natural gas distribution networks or used by an end user.

The European small-scale LNG MAP is accessible at: http://www.gie.eu/index.php/maps-data

March 23, 2014

GIIGNL release Key Figures for 2013

GIIGNL (International Group of Liquefied Natural Gas Importers) released its annual LNG Key Figures for the year 2013.

The full report "The LNG Industry" will be available shortly.

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