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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.

 

May 21, 2018

Tokyo Gas receives first Cove Point LNG cargo

Japan received today its first shipment of LNG from Dominion Energy's Cove Point LNG liquefaction plant at Tokyo Gas’ Negishi terminal. 

The 177,000 cbm LNG Sakura LNGC, which departed from Cove Point facility on April 22, unloaded about 70 000 tons of LNG.

ST Cove Point, a joint venture between Sumitomo and Tokyo Gas booked 2.3 MTPA of LNG produced from the plant for a 20-year term.

May 21, 2018

Venture Global LNG and BP sign LNG agreement

Venture Global LNG and BP have entered today into a 20-year SPA for the supply of 2 MTPA from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.

Under this agreement, BP will purchase LNG on a FOB basis for a 20-year term starting from the commercial operation date of the project, currently expected in 2022.

BP joins Venture Global's other LNG partners, including Shell, Edison and Galp.

Venture Global LNG is developing both the 10 MTPA Calcasieu Pass and the 20 MTPA Plaquemines LNG facilities.  

Edited from Venture Global LNG press release.

May 17, 2018

Cameroon becomes 20th LNG exporter

The FLNG vessel Hilli Episeyo, located offshore Kribi in Cameroon, shipped its first fully laden LNG cargo today onboard the 138,000 cbm Galicia Spirit. According to the AIS data, the LNGC is heading to Qidong LNG terminal in China.

This shipment marks the start-up of the second LNG export project using an FLNG vessel and Cameroon becomes the 20th LNG exporting country. 

Hilli Episeyo is a conversion of the LNG carrier Hilli and it started to produce LNG in March 2018. 

The project's shareholders are Perenco, Société Nationale des Hydrocarbures and Golar LNG.

Gazprom Marketing & Trading, the sole offtaker, has committed to buy 1.2 MTPA of LNG from the project over eight years.

May 17, 2018

Hamina LNG terminal in Finland reaches financial close

The LNG terminal to be built at the Finnish Port of Hamina by Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits.

Debt financing for the project has been concluded with Skandinaviska Enskilda Banken and Finnvera, the Finnish state-owned specialised financing company. The total investment is worth approximately 100 million euros. In addition to supplying the EPC of the terminal, Wärtsilä is also joining the project through a minority investment by WDFS (Wärtsilä Development and Financial Services) in Hamina LNG Oy. The main shareholders are Hamina Energy Ltd and Estonian energy company Alexela.

The building permit for the LNG terminal has also been secured: in the first stage, a 30,000 cbm LNG storage tank will be built. Facilities are also being prepared for a second 20,000 cbm storage tank to be added at a later date. The earthwork has been completed on schedule, and the construction work has already commenced. The LNG terminal is planned to become fully operational in 2020.

The Hamina project will be the fourth LNG terminal in Finland, the others being the Manga Tornio, the Pori and the Rauma terminals. 

Edited from Wärtsilä press release. 

May 10, 2018

Total makes significant equity investment in Clean Energy

France’s Total has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for $83.4 million, to become Clean Energy’s largest stockholder with ownership of 25% of Clean Energy’s outstanding shares of common stock.

Total will also provide $100 million in credit support for Clean Energy’s plan to launch a leasing program to place thousands of new natural gas heavy-duty trucks on North American roads by the third quarter of this year.

Clean Energy is the leading provider of natural gas fuel for transportation in North America with a network of over 550 stations. It builds and operates CNG and LNG stations in the U.S.

Edited from Total press release.

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