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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.
November 12, 2018
GIIGNL releases the "Fukuoka Declaration"
On November 12, 2018, the GIIGNL Members gathered in Fukuoka, Japan on the occasion of their 48th annual General Assembly. The members issued a common declaration to express their belief in the fact that "LNG is a clean, affordable and flexible solution which is uniquely placed to meet the energy challenge while enhancing competitiveness and national energy security".
November 8, 2018
PGNiG signs 24-year LNG SPA with Cheniere
Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term LNG SPA. In 2019-2022 the volume of supplies will total approximately 0.52 million tonnes, while in the period of 2023-2042, the total import volume will reach 29 million tonnes. It means that starting from 2023 PGNiG will purchase about 1.45 MTPA of US LNG.
LNG cargoes from Cheniere heading for Poland will depart from liquefaction facilities in Sabine Pass, Louisiana and Corpus Christi, Texas and will be delivered at the Świnoujście LNG Terminal in Poland.
Edited from PGNiG press release.
November 6, 2018
Höegh Esperanza starts FSRU operations for CNOOC in Tianjin
Höegh LNG announced that Höegh Esperanza has arrived at the Tianjin LNG terminal in China and has started commissioning for FSRU operations. It is currently serving a three-plus-one year FSRU/LNGC time charter with CNOOC Gas & Power Trading and Marketing Ltd. Under the contract, it will be utilized in FSRU mode for a minimum period each year, with the balance of the year in LNG carrier mode and/or FSRU mode. The rate structure corresponds to the mode of use, with an anticipated annualized EBITDA contribution when in FSRU mode of approximately USD 33 million.
The FSRU Höegh Esperanza was delivered from Hyundai Heavy Industries in April 2018 and entered the contract with CNOOC in June 2018. It has both open and closed loop regasification capability, an import capacity of around 6 MTPA of LNG and storage capacity of 170,000 cubic meters of LNG.
Edited from Höegh LNG press release.
October 24, 2018
Höegh Gallant FSRU starts working for Clearlake Shipping
Höegh LNG mentioned that its FSRU vessel, Höegh Gallant has been chartered to Clearlake Shipping, a unit of the energy trading company Gunvor as a conventional LNG carrier. On 15 October, Höegh LNG confirmed that the vessel would be chartered to a third party after an early termination of the contract with EGAS in Egypt. Höegh LNG and EGAS have agreed that EGAS would compensate for the rate difference between the original FSRU contract and the new LNG carrier time charter.
Edited from Höegh LNG press release.
October 23, 2018
INPEX ships 1st LNG cargo from Ichthys LNG Project
INPEX confirmed that the first cargo of LNG from Ichthys LNG had left Darwin, Australia. The first cargo was headed to Naoetsu LNG terminal in Japan. At full capacity of Ichthys LNG, the offshore facilities and the two-train onshore liquefaction plant will supply 8.9 MTPA of LNG and 1.65 MTPA of LPG, along with 100,000 barrels of condensate per day.
Ichthys LNG is led by INPEX (operator, 62.245%) alongside major partner Total (30%) and the Australian subsidiaries of CPC Corporation Taiwan (2.625%), Tokyo Gas (1.575%), Osaka Gas (1.2%), Kansai Electric Power (1.2%), JERA (0.735%) and Toho Gas (0.42%).
Edited from INPEX and Total press release.