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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 27, 2018
Panama canal opens way for more LNG carriers
The Panama Canal Authority will increase the number of daily reserved transit slots available for LNG vessels starting October 1 and will further increase the number again by 2022 according to Deputy Administrator Manuel Benitez.
Starting October 1, LNG vessels will potentially be able to book a second daily slot, versus one currently. A third could be added by 2022. Some restrictions are expected to be lifted in October: for example, LNG vessels will be allowed to transit the locks at night, and they will be allowed to encounter other LNG vessels when transiting the canal, Benitez said.
Edited from Bloomberg and Platts articles.
June 26, 2018
PGNiG and Sempra sign HOA for LNG deal
Polish Oil & Gas Company, PGNiG signed HOA with Port Arthur LNG, a subsidiary of Sempra LNG & Midstream relating to the terms and conditions of a 20-year contract for the sales and purchase of 2 MTPA of LNG. Cargoes will be supplied starting in 2023 from the Port Arthur LNG facility being developed in Jefferson County, Texas. The facility is planned to export approximately 11 MTPA of LNG starting from 2023.
Deliveries have the flexibility to allow for further trading by PGNiG on international markets and are contemplated to be supplied on a FOB basis.
Edited from PGNiG press release.
June 26, 2018
PGNiG and Venture Global sign 20-year LNG deal
Venture Global LNG signed an agreement for the delivery of LNG with Polish Oil & Gas Company, PGNiG. The agreement defines terms and conditions of a 20-year contract for the sales and purchase of 2 MTPA of LNG. Cargoes will be supplied from Calcasieu Pass and Plaquemines LNG export facilities which are expected to be completed in 2022 and 2023 respectively. Both terminals will be located by the Gulf of Mexico in Louisiana.
Deliveries may be subject to further trading on international markets and will be supplied on a FOB basis.
Edited from PGNiG press release.
June 26, 2018
Total and Pavilion take a further step in developing LNG as a marine fuel
Total signed a HOA with Pavilion Energy to jointly develop a LNG bunker supply chain in the port of Singapore. The agreement covers the shared long-term time charter of a new generation LNG bunker vessel (LNGBV) to be commissioned by Pavilion Gas by 2020. It also includes an LNG supply arrangement between the two companies enabling Total to deliver LNG bunker to its customers.
Pavilion Gas is committed to the development of Singapore as an LNG hub. In October 2016, Pavilion Gas was appointed as one of two importers to supply LNG to Singapore by the Energy Market Authority of Singapore. In January 2016, Pavilion Gas was awarded the LNG Bunker Supplier license to supply LNG bunker to vessels in the Port of Singapore.
Edited from Total press release.
June 26, 2018
US Freeport LNG signs 3-year supply deal with Trafigura
Freeport LNG Marketing has entered into a binding mid-term SPA with trading company Trafigura. Under the deal, Freeport LNG will supply 0.5 MTPA from its LNG loading facility on Quintana Island near Freeport, Texas. The SPA will commence on July 1, 2020, soon after the expected completion of construction of the third liquefaction train.
Edited from Freeport LNG press release.