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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 9, 2019
JERA signs 15-year LNG HoA with Mitsubishi
JERA signed an HoA with Diamond Gas International, a subsidiary of Mitsubishi Corporation, for the sale and purchase of up to 16 cargoes of LNG a year for a period of 15 years from LNG Canada project, commencing in 2024.
Edited from JERA press release.
April 5, 2019
ENN signs 10-year LNG HoA with Woodside
ENN Group signed an HoA with Woodside for the sale and purchase of 1 MTPA of LNG for a period of 10 years, commencing in 2025. The HOA remains conditional upon the negotiation and execution of a fully termed Sales and Purchase Agreement and obtaining all necessary approvals and a Final Investment Decision on Scarborough.
Edited from Woodside press release.
April 5, 2019
Tokyo Gas signs 10-year LNG HoA with Shell
Tokyo Gas signed an HoA with Shell Eastern Trading for the sale and purchase of 0.5 MTPA of LNG for a period of 10 years, commencing in 2020. Shell and Tokyo Gas have come up with an innovative pricing formula that is based on coal indexation and included this into the agreement.
Edited from Tokyo Gas press release.
April 3, 2019
Total signs 15-year LNG HoA with Tellurian
Total and Tellurian signed an HoA upon which Total will invest in Driftwood Holdings and will offtake 2.5 MTPA of LNG. More precisely:
- Total will make a $500 million equity investment in the Driftwood LNG and purchase 1 MTPA of LNG from the proposed project;
- Tellurian and Total will also enter into an SPA for a further 1.5 MTPA of LNG from Tellurian Marketing’s LNG offtake volumes from the Driftwood LNG. The SPA will be for the purchase of LNG on a FOB basis for a minimum term of 15 years, at a price based on the Platts JKM.
Edited from Total press release.
April 3, 2019
Guanghui signs 10-year LNG SPA with Total
Guanghui International Natural Gas Trading, a subsidiary of Guanghui Energy, signed a long-term SPA with Total for the supply of 0.7 MTPA of LNG for a period of 10 years. The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio.
Edited from TOTAL press release.