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July 1, 2019
Belgian regulator approves tariffs for Zeebrugge LNG terminal
The Belgian federal energy regulator, CREG, has approved the tariff and LNG services agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal.
The new long-term contracts for unloading at the Zeebrugge LNG terminal expire in 2028. During a subscription window held from April 30 to May 24, 2019, unloading slots and additional storage services at the Zeebrugge LNG terminal were offered over subsequent periods up to 2044.
Fluxys said that the subscription window revealed binding interest from the market for the entire unloading capacity at the facility up to 2044.
As market interest proved positive, the accompanying tariff proposal and LNG services agreement proposal for the requested services were submitted to CREG, who has approved both regulatory documents.
The new tariffs for unloading slots and additional storage will take effect 10 days after notification of the decision of CREG and new long-term contracts will now be concluded from the binding commitments made through the subscription window
Edited from Fluxys press release.
June 29, 2019
Mitsui and JOGMEC purchase Arctic LNG-2 stake from NOVATEK
NOVATEK and the consortium of Mitsui and JOGMEC signed an agreement to sale and purchase a 10% interest in the Arctic LNG-2 project. The participation in the project also provides for the long-term offtake of approximately 2 MTPA of LNG by the Japanese partners. The agreement will close in the nearest future subject to regulatory approvals.
Edited from NOVATEK Press Release
June 26, 2019
Woodfibre LNG signs a 15-year LNG SPA with BP
Pacific Oil & Gas announced that its wholly-owned subsidiary, Woodfibre LNG Export, has signed a binding LNG SPA with BP Gas Marketing for the delivery of LNG from Woodfibre LNG export facility in Squamish, British Columbia. Under the terms of the SPA, BP will receive 0.75 MTPA of LNG over 15 years on an FOB basis, with first delivery expected in 2023. Concurrently, BP Canada and PO&G are working on an agreement for BP Canada to provide gas transportation and balancing services ensuring a reliable delivery of gas to the Woodfibre LNG export facility over the 15 year term.
The Woodfibre LNG project is located approximately 7 km west-southwest of Squamish, BC. It involves the construction and operation of an LNG export facility, which would have a storage capacity of 250,000 m3 and would produce approximately 2.1 MTPA of LNG.
Edited from Woodfibre LNG Press Release
June 25, 2019
Vietnam, ready to start construction of its first LNG terminal
The consortium that will construct the Tibai LNG terminal in Vietnam is set to build the facility in the coastal area southeast of Ho Chi Minh City.The facility will provide natural gas to the Nhon Trach combined cycle power plant.
The terminal includes a 180,000-cbm LNG storage and will be constructed over a 40-month period starting on June 30, 2019. It is expected to be completed in October 2022.
The consortium that will carry out the construction includes Samsung C&T and Petrovietnam Technical Services Corporation (PTSC).
June 24, 2019
Hong Kong LNG Terminal charters MOL’s FSRU Challenger
Mitsui O.S.K. Lines (MOL) announced that MOL has entered into a long-term charter contract with Hong Kong LNG Terminal, the joint venture established by the Castle Peak Power Company and the Hongkong Electric to supply an FSRU as well as Jetty Operation & Maintenance Services and Port Services for the Hong Kong Offshore LNG Terminal Project. MOL will utilize the MOL FSRU Challenger built in 2017 with a storage capacity of 263,000 m3. The LNG Terminal will be located at the southern waters of Hong Kong and to the east of the Soko Islands. The FSRU will be delivered to Hong Kong to begin testing and commissioning when the Project finishes construction, currently expected in 2021.
Edited from MOL press release.