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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 19, 2019
Venture Global announces FID for Calcasieu Pass LNG
Venture Global LNG announces the FID and closing of the project financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. Fullsite construction has been underway since February 2019, and the project is expected to reach its Commercial Operations Date in 2022. The project has 20-year LNG SPAs with Shell, BP, Edison, Galp, Repsol and PGNiG.
Edited by Venture Global LNG press release
August 16, 2019
New LNG filling station in Estonia
Estonia has opened the first the station where in addition to petrol, diesel and electricity, LPG, CNG and LNG for gas-powered cars can be purchased. The station is located in Jüri, in the outskirts of Tallinn and is owned by Alexela Group.
August 16, 2019
New LNG import terminal in China
A Chinese distribution company (Shenzen Gas) will launch its first import terminal in southern China. The LNG facility will be located at the Yantian port and will have an annual capacity of 800,000 tonnes of LNG. It will be connected to the municipal gas grid and will include a LNG berth and a storage tank with an 80,000-cbm capacity. ENI is supplying the first cargo and it will be operated by Sino-Benny.
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.