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December 18, 2019
Glencore acquires LNG business of Orsted
Glencore’s Oil division announced that it has entered into an agreement to acquire the LNG business of Orsted A/S. The agreement will involve Glencore novating a number of contracts, including the right to use 3 bcm of annual regasification capacity at the Gate terminal in Rotterdam until 2031. The agreement also includes a number of LNG supply contracts. The transaction is expected to close in the summer of 2020.
Edited from Glencore press release
December 11, 2019
Vitol signs 10-year LNG SPA with Nigeria LNG
Nigeria LNG Limited (NLNG) and Vitol SA signed an LNG SPA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The executed agreement is for the supply of 0.5 MTPA of LNG for a 10 year term on a Delivered Ex-ship basis commencing October 2021.
Edited from Vitol press release
December 9, 2019
Freeport LNG starts commercial operations
Freeport LNG announced the start of commercial operations for its first liquefaction train. Commissioning work for Freeport LNG’s Train 2 continues to progress with commercial operations expected to start in January 2020. Construction on Freeport LNG’s Train 3 is nearly complete with commercial operations expected in May 2020. Freeport LNG’s three trains are expected to produce in excess of 15 MTPA.
Edited from Freeport LNG press release
December 4, 2019
Total supplies LNG to CMA CGM’s future containerships
Total and CMA CGM have signed an agreement for the supply of approximately 270,000 TPA of LNG over 10 years. This volume will cover the supply at Marseille-Fos of CMA CGM’s future 15,000-TEU container ships that will operate between Asia and the Mediterranean, that are scheduled for delivery starting in 2021. As part of this agreement, Total will provide a suitable solution for the bunkering of these containerships with the positioning of a LNG Bunker Vessel at the port of Marseille-Fos and a complementary bunkering solution in Singapore.
Edited from TOTAL press release
December 4, 2019
NOVATEK opens the first LNG filling station in Germany
NOVATEK announced that NOVATEK Polska, a wholly owned subsidiary, launched an LNG filling station to provide LNG as a fuel for cargo trucks in Rostock, Germany. The LNG filling station can refuel up to 120 vehicles per day.
Edited from Novatek press release