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June 3, 2019
Cheniere makes FID on Sabine Pass LNG Train 6
Cheniere’s subsidiary Cheniere Energy Partners announced that the Board of Directors of its general partner has made a positive FID with respect to Train 6 of the Sabine Pass Liquefaction Project in Cameron Parish, Louisiana, and the company has issued full notice to proceed with construction to Bechtel. To fund a portion of the construction of Train 6 and a third LNG berth and required supporting infrastructure at the Sabine Pass Project, Cheniere Partners has entered into 5-year, $1.5 billion senior secured credit facilities with 29 banks and financial institutions in a transaction that closed on May 29, 2019.
Edited from Cheniere press release.
June 1, 2019
Total takes over US LNG business of Toshiba
Total has signed an agreement with Toshiba to take over its portfolio of LNG, which includes a 20-year tolling agreement for 2.2 MTPA of LNG from Freeport LNG Train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal. Train 3 of the Freeport LNG plant is expected to start commercial operations by Q2 2020. The transaction is expected to close by the end of 2019.
Edited from Total press release.
May 31, 2019
Cameron LNG ships first commissioning cargo
Sempra LNG, a subsidiary of Sempra Energy announced that Cameron LNG has shipped the first commissioning cargo of LNG from the first liquefaction train of the export project in Hackberry, La. Commercial operations from the facility will begin after Cameron LNG receives authorization from the FERC, which is expected in mid-2019. Phase 1 of the Cameron LNG export project includes the first three liquefaction trains that will enable the export of approximately 12 MTPA of LNG.
Edited from Sempra LNG press release.
May 27, 2019
OLT Offshore sells Uniper’s LNG terminal stake to First State
OLT Offshore LNG Toscana announced that the Board of Directors of the company formalized the transfer of shares held by Uniper, equal to 48.24%, to First State Investments, an Australian fund. The existing shareholders, Iren Group (49.07%), also through its subsidiary ASA, and Golar LNG (2.69%) maintain their holdings.
Edited from OLT Offshore press release.
May 21, 2019
PETRONAS FLNG Satu produces first LNG post relocation
PETRONAS started its first LNG production by its PFLNG Satu at the Kebabangan cluster field, 90 kilometres offshore Sabah. Operated by Kebabangan Petroleum Operating Company, Kebabangan field is the second location for PFLNG Satu after its operation in Kanowit field, Sarawak. The first LNG cargo delivery at the new field is expected in June
Edited from PETRONAS press release.