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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.
June 25, 2020
LNG renewed between Algeria and Total
Total and Sonatrach have signed an agreement to extend the existing supply contracts for 3 additional years in order to provide 2 MTPA of Algerian LNG to the French market, primarily through the LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
Edited from Total’s press release
June 24, 2020
U.S. regulators approve LNG transport by rail
The U.S. Department of Transportation (USDOT) and the Pipeline and Hazardous Materials Safety Administration (PHMSA), in consultation with the Federal Railroad Administration (FRA) has issued a rule that will allow the bulk transportation of LNG in specialized tank cars with enhanced outer tank requirements and additional operational controls.
June 22, 2020
China buys two carbon-neutral LNG cargoes
CNOOC, has agreed to buy two LNG cargoes with offset carbon emissions from Shell. CNOOC and Shell will use carbon credits won in projects in China's northwest Xinjiang and Qinghai region to offset the carbon emissions involved in producing and consuming the two gas cargoes. CNOOC will auction the two cargoes at the Shanghai Petroleum and Gas Exchange.
Edited from Shell’s press release
June 18, 2020
LNG project in Cyprus awarded €150 million funding
The European Investment Bank (EIB) has approved €150 million to fund the construction of the LNG project in Cyprus, which will be built by the Natural Gas Infrastructure Company (ETYFA) at a total cost of €289 million. ETYFA has already secured a €101 million grant from the European Commission through the Connecting Europe Facility (CEF) and €43 million from the EAC's participation in ETYFA's share capital. Following this decision works will commence in the Vasilikos area.
Edited from DEFA's press release
June 16, 2020
Plaquemines plant in Louisiana starts construction
Following the approval by the US energy regulators Venture Global LNG has started its preparation works for the Plaquemines liquefaction plant in Louisiana. Once operational, it will have an export capacity of up to 20 MTPA. Commercial operations of the facility are planned to start in 2023.