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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.
July 12, 2019
LNG Regasification Plant Project in India awarded
HPCL Shapoorji Energy Pvt. Ltd. (HSEPL) has awarded the EPC work - engineering, construction and commissioning - to Toyo Engineering India Pvt Ltd. for a new regasification plant at Chhara in Gujarat State on the west coast of India. The regasification plant will have a with a send out capacity of 5 million tons and a storage capacity of 200, 000 cubic meters. It is scheduled to be completed in the beginning of 2022.
Edited from Toyo’s press release
July 10, 2019
Total and Tellurian finalize Driftwood Equity Investment and LNG SPA
Following the HOA signed in April 2019, Tellurian announced that it has entered into definitive agreements with subsidiaries of Total, for Total Gas & Power to purchase 1 MTPA of LNG from the Driftwood LNG terminal and for Total Delaware to invest $500 million in Driftwood Holdings. In addition, Tellurian and Total Gas & Power entered into a definitive SPA for an additional 1.5 MTPA of LNG from Tellurian’s LNG offtake volumes from Driftwood. The SPA is for the purchase of LNG FOB at a price based on the Platts JKM.
Edited from TELLURIAN press release
July 3, 2019
MAN commissions LNG-fired engine power plant in Gibraltar
MAN Energy Solutions has successfully commissioned three 14V51/60 gas and another three dual-fuel engines in the newly constructed power plant in Gibraltar. Each of the engines can generate an output of approximately 14 MW. A part of the waste heat from the engines will additionally be used for regasifying LNG in the connected LNG terminal. With an output of 86 MW, the overall capacity of the new power plant significantly exceeds Gibraltar's current peak demand by about 42 MW.
Edited from MAN Energy Solutions press release
July 2, 2019
Hungary opens its first LNG filling station
Hungary has opened its first filling station for LNG in the south of Budapest, as part of the PAN-LNG project.
The opening of the station allows Hungary to now join the European Transatlantic Network (TEN-T) with one corridor extending 550 km and the other by 420 km.
The primary objective of the project is to prepare the deployment of the infrastructure network necessary for the development of LNG-fueled transport in Hungary and to implement the first filling points and ensure their supply. It also allows for Hungarian transport companies to buy LNG-fueled vehicles for domestic freight transport.
The construction of the public LNG and CNG filling station was carried out by Pannon Fuel, with a total investment of over €1.2 million ($1.35 million), 85 % of which comes from EU funds.
As part of the PAN-LNG Project, the construction of a domestic LNG production plant has also started.
July 2, 2019
Ancala acquires 50% interest in Dragon LNG
Ancala Partners, the infrastructure investment manager, announced the acquisition of a 50% interest in Dragon LNG regasification terminal located at Milford Haven, Wales. Ancala acquired the interest from PETRONAS LNG, a subsidiary of PETRONAS. PETRONAS will continue to be a customer of Dragon LNG as a counterparty to a long-term throughput agreement with the terminal.
Edited from Ancala Press Release