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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.
December 9, 2020
Total takes stake in ECA LNG
Total has acquired 16.6% of the ECA LNG Phase 1 project, a joint venture owned previously by Sempra LNG and IEnova, which remain with 41.7% stake each according to the new agreement. This equity acquisition in the brownfield export project, where Total is also an offtaker, does not include an equity interest in the ECA LNG’s regasification facility. Earlier this year Total and Mitsui & Co., Ltd. have signed 20 year SPAs for 1.7 Mtpa and 0.8 Mtpa respectively of initial LNG offtake from the ECA LNG Phase 1.
Edited from Sempra press release
December 8, 2020
Chevron shuts down Wheatstone unit
Chevron has temporarily shut down a separating natural gas and associated liquids unit at the Wheatstone offshore processing platform for precautionary reasons following finding an “anomaly” within a nozzle on an inlet separator vessel during routine maintenance. So far all Wheatstone LNG trains remain fully operational and the shutdown has not impacted the LNG supply.
December 7, 2020
Diamond Gas signs 10-year feed gas SPA with Santos
Santos has signed a 10 year feed gas SPA with Diamond Gas International, a 100% subsidiary of Mitsubishi Corporation, for the supply of 1.5 Mtpa of LNG from the Barossa project. The project is intended to provide a new supply source to the existing Darwin LNG plant when currently used Bayu-Undan facility ceases production. The FID is expected to be taken in 2021.
Along with the SPA, the companies have signed an MoU to jointly investigate possibilities to make LNG supply from Barossa carbon neutral. This concerns Moomba CCS project, carbon credits and potential hydrogen development.
Edited from Santos press release
December 4, 2020
Panama Canal mulls over new LNG slots
Suffering since late October from bottlenecks and facing an increase in US LNG exports, the Panama Canal Authority will consider possibilities of adding additional reserved LNG transit slots in the middle of next year. Currently the Canal Authority handles two LNG vessels per day on average, with this number increasing up to 4 on some days.
December 1, 2020
Damietta to resume exports
Eni has signed agreements with the Arab Republic of Egypt, the Egyptian General Petroleum Corporation, the EGAS and Naturgy, allowing amicable settlement of the disputes over Union Fenosa Gas and SEGAS assets. According to the agreements the resulting shareholding of SEGAS will include Eni 50%, EGAS 40% and EGPC 10%. Eni will also take over the feed gas supply contracts and receive corresponding liquefaction rights at the Damietta plant owned by SEGAS. The agreements enable the restart of the 5 Mtpa liquefaction facility, which has been idle since 2012, in the beginning of 2021.
Edited from Eni press release