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March 29, 2018
EXELON to purchase Everett LNG terminal
Exelon Generation announced an agreement to purchase ENGIE North America’s LNG import terminal to ensure the continued reliable supply of fuel to Mystic generating station Units 8 and 9 while they remain operating. Exelon also looks forward to continuing ENGIE’s mission of providing safe, reliable LNG to gas utilities, marketers, and other market participants throughout New England.
Transaction closure is dependent upon regulatory review by the U.S. Department of Energy for LNG import authorization and, as necessary, authorization from the U.S. Department of Justice. The transaction is expected to close in the fourth quarter of 2018.
The Everett Marine Terminal is the longest-operating LNG import facility of its kind in the United States. The facility has connections with two interstate pipeline systems, as well as a local gas utility’s distribution system.
Edited from Exelon Generation press release
March 14, 2018
Tokyo Gas concludes HOA with PETRONAS
Tokyo Gas concluded with Malaysia LNG, a subsidiary of PETRONAS, a HOA regarding a new LNG SPA on 14 March. Tokyo Gas has been procuring LNG from the Malaysia Satu Project since 1983 and kept discussions with Malaysia LNG on the new contract starting April 2018 as the current contract expired at the end of March 2018.
Under the contract, Tokyo Gas has agreed to purchase LNG from Malaysia LNG for up to 13 years from April 2018. Contract volume is up to 500,000 ton per annum for the first 6 years and up to 900,000 ton per annum for the remaining 7 years.
Edited from Tokyo Gas press release
March 14, 2018
Japex starts Soma LNG receiving terminal
JAPEX announced that Soma LNG Terminal located at the No.4 wharf of Soma Port, Shinchi town, Fukushima prefecture commenced operation on 14 March, as one of the important base in its domestic natural gas supply network.
Soma LNG Terminal is the first large-scale LNG terminal in Fukushima prefecture, which is composed of a ground-type LNG storage tank with a capacity of 230,000 kiloliters which is one of the largest in Japan, two berths for large ocean-going ships and coastal vessels, LNG vaporization equipment, and LNG shipping facility. This terminal will receive LNG from overseas and supply regasified LNG to Niigata-Sendai line via Soma-Iwanuma Gas Pipeline.
Edited from JAPEX press release
February 20, 2018
Anadarko and EDF sign 15-year LNG SPA
February 9, 2018
Cheniere and CNPC sign two LNG deals
Cheniere announced today that it has entered into two LNG SPAs with CNPC.
Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction and Cheniere Marketing, CNPC subsidiary PetroChina will purchase approximately 1.2 MTPA of LNG, with a portion of the supply beginning in 2018 and the balance beginning in 2023. The term of each SPA continues through 2043. The purchase price for LNG will be indexed to the Henry Hub price plus a fixed component.
Edited from Cheniere press release.