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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.

 

October 4, 2016

Qatargas and Pakistan’s GEIL sign 20-year LNG SPA

On October 1st, Qatargas and Pakistan-based Global Energy Infrastructure Limited (GEIL) signed a 20-year LNG SPA in a special ceremony hosted by Pakistan's Prime Minister Nawaz Sharif in Islamabad. […]

Under the terms of the agreement, Qatargas will supply 1.3mtpa of LNG to Pakistan for 20 years, with provisions allowing the volume to increase to 2.3mtpa. The LNG will be supplied from Qatargas 2 with the first cargo expected to be delivered to Pakistan in 2018 by Qatargas-chartered Q-Flex vessels.

Edited from press release. 

October 4, 2016

BP and Area 4 partners sign LNG SPA for offshore Mozambique

BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), today entered into a SPA for BP to purchase 100% of the LNG produced by the EEA-operated Coral South Floating LNG facility expected to be installed offshore Mozambique.

The agreement covers the purchase of LNG for over 20 years. The agreement, which has been approved by the government of Mozambique, is conditional on the FID being taken for the project, which is currently expected by the end of 2016. The Coral South Floating LNG facility is expected to have a capacity above 3.3mpta.

BP will use LNG from the contract to help meet its global supply commitments. […]

Commercial details of the agreement were not disclosed.

Edited from press release.

October 3, 2016

Carnival Corporation signs LNG fuel agreement with Shell

Carnival Corporation today signed a framework agreement with Shell to be its supplier of LNG to power the first fully LNG-powered cruise ships. Under this framework agreement, Shell will initially supply Carnival Corporation's AIDA Cruises and Costa Cruises brands with fuel for two new LNG-powered ships expected to launch in 2019 with itineraries visiting northwest European and Mediterranean ports. As part of the agreement, these two ships will utilize Shell's infrastructure in cruise ports to refuel with LNG throughout their itineraries. The vessels, equipped with dual-fuel engines, are the first of a new generation of cruise ships fully powered by LNG both while in port and at sea. 

This agreement builds on the partnership established between Carnival Corporation's AIDA Cruises brand and Shell in April of this year to supply its AIDAprima ship with LNG to power the vessel while docked. Additionally, the agreement furthers the realization of Carnival Corporation's LNG efforts that began in 2015 with AIDAsol becoming the first cruise ship to be supplied with power by an LNG hybrid barge.

In September Carnival Corporation ordered three additional next-generation cruise ships that will be fully powered by LNG, bringing its fully LNG-powered ship orders total to seven across 4 of its 10 global cruise lines. Two of the new LNG-powered ships are designated for Carnival Cruise Line, with delivery dates expected in 2020 and 2022, and one is designated for P&O Cruises UK with an expected delivery date in 2020. The remaining two vessels will also be built for the Costa Cruises and AIDA Cruises brands and are expected to enter service in 2021.

As part of the framework agreement, Carnival Corporation and Shell have the opportunity to partner together on supplying marine LNG fuel to future LNG-powered vessels or additional itineraries. The overarching agreement enables each Carnival Corporation brand to negotiate individual LNG supply contracts with Shell as new LNG-powered cruise ships begin to launch in coming years.

Edited from press release. 

September 27, 2016

ENGIE and Beijing Gas Group sign LNG deal

Following a tender process launched by Beijing Gas Group (BGG) in April 2016 to secure its winter gas needs for the city of Beijing, ENGIE has been selected to supply approximately 900 million cubic meters of LNG to meet BGG’s downstream requirements.

ENGIE will thus deliver 10 cargoes of LNG to BGG over the period November 2016 through February 2017. BGG will receive the LNG volumes into Caofeidian terminal, in Northern China, where it will be stored, regasified and transported into Beijing’s gas network. LNG deliveries will involve floating storage in order to manage the winter peak shaving and flexibility needs of BGG. [...]

This deal follows the maiden import of LNG supplied by ENGIE to BGG in 2015, and ensures the security of supply for this winter in Beijing.

Edited from press release.

September 22, 2016

Shell loads first vessel, using new LNG jetty at Gate terminal

Gate terminal announced today that Shell’s chartered LNG vessel, the 7500-cbm Coral Methane, loaded for the first time LNG from the newly inaugurated third jetty. The loading took place on 19 September 2016. 

Edited from press release.

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