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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.
June 4, 2014
Total signs a long-term agreement to supply LNG to Pavilion Energy
Total signed on 31 May 2014 a 10-year LNG sale and purchase agreement with Pavilion Gas, a subsidiary of Pavilion Energy, for the supply of 0.7 million tonnes per year of liquefied natural gas to Asia, including Singapore, starting in 2018. In addition, several LNG cargoes will be supplied prior to 2018. This LNG will be sourced from Total’s global LNG portfolio.
June 2, 2014
Cheniere signs 20 year SPA with Gas Natural Fenosa
Cheniere and Gas Natural Fenosa signed a 20 year SPA for LNG sales from Corpus Christi Train 2 (Gas Natural Fenosa contracts for approximately 1.5 million tonnes per annum of LNG).
Under the SPA, Gas Natural Fenosa will purchase LNG on a free on board ("FOB") basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Gas Natural Fenosa's vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery of the second train of the Corpus Christi Liquefaction Project, with an extension option of up to ten years. Deliveries from Train 2 are expected to occur in 2019.