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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.
June 21, 2019
CAPCO and HK Electric sign a long-term LNG contract with Shell
Castle Peak Power Company (CAPCO) and the Hongkong Electric (HK Electric) announced that an agreement has been entered into with Shell Eastern Trading for long-term LNG supply for the Hong Kong Offshore LNG Terminal. LNG will be supplied from Shell’s portfolio.
Edited from CLP Group press release.
June 20, 2019
Iberdrola sells long-term LNG supply portfolio to Pavilion Energy
Iberdrola signed an agreement with Pavilion Energy Trading & Supply for the sale of its portfolio of LNG, an annual volume greater than 5 bcm, sea transport and long-term regasification capacity contracts in the United Kingdom, as well as other gas supply related agreements. This divestment from Iberdrola will be completed on 1st January 2020.
Edited from Iberdrola press release.