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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 20, 2018
RWE signs 2-year LNG SPA with Woodside
Woodside has signed an agreement with RWE for the mid-term supply of LNG commencing in the fourth quarter of 2020 and in effect until December 2022. LNG would be supplied on an FOB basis with the primary source being volumes Woodside has contracted from the Corpus Christi LNG Project in Texas, USA.
Edited from RWE Supply & Trading press release.
December 19, 2018
PGNiG signs 20-year LNG SPA with Sempra
Port Arthur LNG, a subsidiary of Sempra Energy, and PGNiG have entered into a definitive 20-year LNG SPA of 2 MTPA from the Port Arthur LNG Project under development in Jefferson County, Texas on an FOB basis.
The SPA is subject to certain conditions precedent, including Port Arthur LNG making a final investment decision.
Edited from Sempra Energy press release.
December 18, 2018
Petronas signs 20-year LNG SPA with Cheniere
Cheniere announced that its subsidiary Sabine Pass Liquefaction has entered into an LNG SPA with Petronas LNG, a subsidiary of Petronas. Petronas has agreed to purchase approximately 1.1 MTPA of LNG from Sabine Pass Liquefaction on an FOB basis for a term of 20 years following the date of first commercial delivery for train 6 at the Sabine Pass liquefaction project. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
The SPA is subject to certain conditions precedent, including but not limited to Sabine Pass Liquefaction making a final investment decision to construct train 6 of the SPL Project.
Edited from Cheniere press release.
December 13, 2018
Inpex acquires Ichthys LNG stake from Total
Inpex announced that it has reached an agreement with Total to acquire 4 percent of the participating interest held by Total in the Ichthys LNG Project for $1.6 Billion. This will increase Inpex’s interest in the project to 66.245%.
Completion of the acquisition is subject to the fulfillment of certain conditions, including approval by the Australian Government and pre-emption rights.
Edited from Inpex press release.
December 6, 2018
Tellurian signs MOU to supply LNG to Vitol
Tellurian announced that its subsidiary, Tellurian Trading UK has entered into a Memorandum of Understanding with Vitol to supply 1.5 MTPA of LNG from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal. The transaction price is based on the Platts JKM and is for a minimum term of 15 years.
Under the MOU, Tellurian and Vitol have agreed to negotiate an LNG SPA under which Vitol will purchase LNG free on board. The SPA will contain certain conditions precedent, including Tellurian’s receipt of regulatory approvals and a final investment decision to construct the Driftwood LNG export terminal.
Edited from Tellurian press release.