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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.
August 14, 2019
BP publishes FOB LNG contract template
BP has published the FOB Master Sale and Purchase Agreement template for LNG transactions. This follows its publication of the Delivered Ex-Ship Master Sale and Purchase Agreement template for LNG transactions in April 2019. Both publications are aimed at informing the broader discussion around standardization and liquidity in LNG markets.
August 7, 2019
Ameris Capital acquires Mejilones LNG terminal stake
Ameris Capital acquired a 37% stake in GNL Mejillones for US$193.5m. GNL Mejillones operates the LNG import terminal located in Chile’s Antofagasta region. Engie controls the remaining 63% stake in GNL Mejillones.
July 31, 2019
European Commission approves public support for Croatian LNG terminal
The European Commission has found Croatian plans to support the construction and operation of an LNG terminal at Krk island to be in line with EU State aid rules. The measures will support the construction and operation of a floating LNG terminal, consisting of an FSRU and the connections to the national gas transmission network. The LNG terminal is designed to transport up to 2.6 bcm/y of natural gas into Croatia national transmission network as from 2021.
Edited from European Commission Press Release
July 25, 2019
Total develops the LNG market in Benin
Total, the Republic of Benin and the Société Béninoise d’Energie Electrique have signed the Gas Supply Agreement and the Host Government Agreement for the development of an LNG import terminal and the supply of up to 0.5 MTPA of LNG to Benin for 15 years, starting in 2021.
Total will develop and operate the regasification infrastructure that will comprise an FSRU located offshore Benin and an offshore pipeline connected to the power plants in Maria Gléta.
Edited from Total Press Release
July 22, 2019
New Fortress Energy starts FSRU operation in Jamaica
New Fortress Energy has commenced the operation of LNG import terminal off the coast of Old Harbour Bay in Jamaica. FSRU Golar Freeze will serve a 15-year charter for New Fortress Energy and supply gas to new gas-fired power plants with a storage capacity of 125,000 m3 and a regasification capacity of 4.9 billion m3 per year.