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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.
September 10, 2020
FERC grants 3 extra years to complete Freeport Train 4
FERC has granted Freeport LNG 3 more years to complete its Train 4 expansion at the facility by May 2026. The decision follows Freeport’s earlier decision to delay FID to build Train 4 due to the low demand for LNG and low LNG prices.
Edited from FERC’s Letter to Freeport LNG
September 9, 2020
Vietnam seeks 25 year gas sales agreement
Delta Offshore Energy has launched a RFP for a 25 year gas sales agreement. The tender is for delivery of 2.5 – 3.0 MTPA over a 25 year period, on a DES or FOB basis to the offshore LNG regasification facility in Bac Lieu Province. The LNG supplied will be used for the 3.2 GW LNG-to-Power project, which has been approved by the Vietnamese Government and has been included in the national Power Development Plan revision 7. The Bac Lieu LNG facility is expected to start up in 2024.
Edited from Delta Offshore’s press release
September 8, 2020
Malaysia launches Virtual Pipeline System
PETRONAS has recently launched a Virtual Pipeline System (VPS) solution via the regasification terminal in Pengerang, Johor, to facilitate the use of LNG across Malaysia, through the delivery of LNG using trucks fitted with cryogenic tanks to off-grid customers.
Edited from Petronas’ press release
September 4, 2020
China buys LNG from Qatar
Sinopec Corp in China has awarded a 10-year buy tender, to buy 1 MTPA of LNG from Qatargas. It will be paid at a slope of 10.19% to Brent crude on a delivered ex-ship basis. Supply will start from 2022.
August 28, 2020
Elba Island puts last train into service
Unit 7, the last of 10 movable modular liquefaction units of Elba Liquefaction project has started commercial operations. In full commercial operation, the Elba Island Liquefaction facility has a total capacity of approximately 2.5 MTPA of LNG for export. The project is supported by a 20-year contract with Shell LNG NA, LLC, who is subscribed to 100% of the liquefaction capacity.
Edited from Kinder Morgan’s press release