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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.

 

December 13, 2016

Centrica signs a 5-year SPA with JERA

Centrica has signed a 5-year SPA with JERA. Under the terms of the SPA, which commences in April 2019, Centrica will purchase up to 6 cargoes per annum at the Isle of Grain Terminal in the UK and work with JERA to optimise the volume.The SPA follows the execution earlier this year of a MOU between Centrica and JERA to collaborate in the LNG business.

JERA was formed in April 2015, combining the fuel procurement businesses of Tokyo Electric (TEPCO) and Chubu Electric.

Edited from Centrica press release. 

November 25, 2016

Total to become operator of Ivory Coast terminal project

The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate an LNG re-gasification terminal in Ivory Coast with a capacity of 3mtpa.The re-gasification terminal project is expected to become operational by mid 2018. The decision announced by the Government of the Ivory Coast on October 4th was followed by the signature of the shareholders’ agreement in Abidjan between Total, which will operate the project with a 34% interest, national companies PetroCI (11%) and CI Energies (5%) as well as SOCAR (26%), Shell (13%), Golar (6%) and Endeavor Energy (5%).The project involves the construction of a terminal with an FSRU in Vridi, Abidjan area, and a pipeline connecting the FSRU to existing and planned power plants in Abidjan, as well as to regional markets connected to the Ivorian network. 
Edited from Total press release.

November 24, 2016

SIGTTO appoints David Furnival as new President

Following a decision by the Board of Directors and members of SIGTTO at its Autumn 2016 meeting in Nagoya on 18 November, David Furnival of Bernhard Schulte Ship Management has been appointed as the Society’s new President, At the same time Christopher Bailey of BP Shipping has been appointed Vice President. Furnival succeeds Luc Gillet of TOTAL who has stepped down after a three-year term as SIGTTO President. 

Edited from SIGGTO press release. 

November 21, 2016

Tokyo Gas and Centrica sign MoU to swap LNG

Tokyo Gas signed an MoU with Centrica today. Under the terms of the MoU, a framework has been agreed whereby both companies will work together to optimise contracted volumes from both Atlantic and Asia-Pacific markets through location swaps, which would achieve LNG transportation savings and lower the overall cost of LNG procurement. Tokyo Gas will procure FOB LNG from the Cove Point LNG project in the U.S.

Swap volumes could reach up to 1.4mtpa. Both companies intend to enter into a legally binding contract on the basis of this framework.

Edited from Centrica press release. 

November 18, 2016

Colombia receives its first LNG cargo

Colombia has received this week its first LNG commissioning cargo at the FSRU Höegh Grace at the port of Cartagena. BP’s LNGC British Innovator, docked alongside the FSRU, that arrived in Colombia in the beginning of November. The cargo was sourced from the Atlantic LNG facility in Point Fortin, Trinidad and Tobago.

The Höegh Grace is owned by Höegh LNG and chartered to Colombia’s Sociedad Portuaria El Cayao (SPEC) for 20 years. Höegh Grace will supply gas to Grupo Termico, a consortium of thermal generators on Colombia’s Caribbean coast. The vessel will enable Colombia to import up to 3.75mtpa of LNG. Commercial operation is expected to commence in early December 2016.

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