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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.
April 30, 2021
Santos sells Bayu-Undan and Darwin LNG stakes to SK E&S
Santos has completed the sale of a 25% stake in Bayu-Undan and Darwin LNG to SK E&S. The resulting shareholding is as follows: Santos 43.4%, SK E&S 25%, INPEX 11.4%, ENI 11%, JERA 6.1% and Tokyo Gas 3.1%. SK E&S is also a partner in the Barossa project. Santos remains operator of the three assets.
Edited from Santos press release
April 28, 2021
Arctic LNG 2 offtake volumes sold out
Arctic LNG 2 signed 20-year LNG SPAs with all the project’s participants for the total LNG production volumes. The offtake quantities will be allocated pro rata the respective participants’ ownership stakes in the project: Novatek 60%, TOTAL 10%, CNPC 10%, CNOOC 10% and Japan Arctic LNG (a consortium of Mitsui and JOGMEC) 10%. LNG will be supplied on FOB Murmansk and FOB Kamchatka basis. The project includes three liquefaction trains of 6.6 MTPA each. The first train is expected to start operations in 2023.
Edited from Novatek press release
April 28, 2021
Novatek sells stake in its LNG transshipment subsidiary to Total
Novatek signed an HoA with Total on the sale of a 10% participation interest in its cargo transshipment subsidiary, Arctic Transshipment LLC. The subsidiary is planned to operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions, which are aimed at optimizing the logistics of LNG transportation from Arctic LNG 2 and other Novatek’s projects. LNG will be transshipped from Arc7 ice-class LNG tankers to conventional LNG carriers at each location. Each transshipment complex includes a 360 000 m3 FSU with two ship-to-ship transshipment points.
Edited from Novatek press release
April 27, 2021
Jordan Cove LNG on pause, Annova LNG cancelled
Pembina announced on 27 April the decision to pause the development of the proposed 7.8 MTPA Jordan Cove LNG export project in Oregon, USA, following recent regulatory decisions. A month earlier, Annova LNG announced its decision to discontinue its 6.5 MTPA Annova LNG project, proposed in Texas, due to the changes in the global LNG market.
April 26, 2021
Total declares force majeure on Mozambique LNG project
Due to security issues in Cabo Delgado province in Mozambique, Total has declared force majeure on the Mozambique LNG project and has withdrawn all the project’s personnel from the site. Total operates Mozambique LNG with a 26.5% participating interest alongside ENH Rovuma Área Um (15%), Mitsui E&P Mozambique Area1 (20%), ONGC Videsh Rovuma (10%), Beas Rovuma Energy Mozambique (10%), BPRL Ventures Mozambique (10%), and PTTEP Mozambique Area 1 (8.5%).
Edited from Total press release