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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.
October 16, 2019
GIIGNL reasserts LNG's contribution to the energy transition
On Wednesday, October 16, 2019,GIIGNL and eight other organisations active in LNG (The "LNG Protocol") published a declaration to reaffirm the environmental and economics benefits of liquefied natural gas. In thsi declaration, the members of the LNG Protocol collectively endorse LNG as a fundamental asset that helps meeting EU`s long-term decarbonisation targets and the `just` energy transition and reaffirm their belief in LNG's valuable contribution to the EU Green Deal.
October 4, 2019
Kinder Morgan announces commercial in service of Elba Island Liquefaction Facility
The Elba Liquefaction Company, a joint venture between Kinder Morgan and EIG Global Energy Partners, announced the commercial in service of the first of ten liquefaction units of the Elba Island Liquefaction project. Startup activities are underway on the second and third units, the commissioning of units four through six is ongoing, and construction on the remaining units is largely complete. Under full development, the liquefaction facility is expected to have a total capacity of approximately 2.5 MTPA of LNG for export.
Edited from Kinder Morgan press release.
September 24, 2019
KOGAS signs 15-year LNG SPA with BP
The Ministry of Trade, Industry and Energy of South Korea (MOTIE) announced that Korea Gas Corporation (KOGAS) signed a long-term LNG SPA with BP. KOGAS will import 1.58 MT of LNG for 15 years starting 2025. The LNG is expected to be delivered from Freeport LNG terminal or Calcasieu Pass.
Edited from MOTIE press release.
September 20, 2019
SNAM acquires share in OLT LNG terminal
Snam and the Iren Group have signed an agreement related to Snam’s acquisition of 49.07% stake in OLT (Offshore LNG Toscana). The company manages the offshore regasification terminal located about 22 km off the Tuscan coast between Livorno and Pisa. With a maximum annual regasification capacity of 3.75 BCM, OLT is the second largest LNG terminal in Italy.
Edited from SNAM press release.
September 18, 2019
Qatar Petroleum and Shell sign agreement to establish LNG bunkering JV
Qatar Petroleum and Shell have signed a Shareholder Agreement to establish a joint venture company owned equally by both parties to provide global LNG bunkering services. The new company’s principal business activities will include the procurement of LNG, setting up LNG bunkering infrastructure (storage and bunker vessels) at various strategic locations around the world, and facilitating the sale of LNG as a marine fuel to end customers around the world.
Edited from Qatar Petroleum press release.