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May 5, 2019
Total agrees to acquire Anadarko’s assets in Africa
Total announced that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of $ 8.8 billion in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko and to approval by the relevant authorities and is expected to close in 2020.
Edited from TOTAL press release.
April 29, 2019
Summit LNG Terminal completes the commissioning in Bangladesh
In Bangladesh, Summit LNG Terminal has successfully completed the commissioning of its FSRU on 29 April and supplying 500 mmcfd of natural gas to the national grid.
Edited from Summit Power International press release.
April 26, 2019
Poskie LNG signs a co-financing contract for the terminal expansion
Polskie LNG signed the co-financing agreement for the 'Expansion of LNG Terminal' project from the EU funds on April 24 in Świnoujście. The company may apply for the reimbursement of the costs incurred up to EUR 128 million from the European Regional Development Fund and the Cohesion Fund. The funds are granted to the expansion of terminal functionality through:
- the increase of regasification capacity of the Terminal to 7.5 bcm
- the expansion of the sea transshipment system;
- the construction of an onshore LNG-to-rail loading system;
- the construction of the 3rd LNG process storage tank with necessary installations and equipment.
Edited from Polskie LNG press release.
April 24, 2019
NOVATEK starts Vysotsk LNG Production
NOVATEK announced that Cryogas-Vysotsk has commenced full-scale production of LNG. Cyrogas-Vysotsk is a medium-tonnage LNG project located in the port of Vysotsk, Leningrad Region of Russia on the Baltic Sea. The project’s initial design capacity is 660 thousand tons of LNG per annum, and its infrastructure includes a 42 thousand cubic meters LNG storage tank and an offloading berth designed to handle LNG carriers with a capacity of up to 30 thousand cubic meters.
Edited from NOVATEK press release.
April 24, 2019
Zhejiang Energy signs 20-year LNG SPA with ExxonMobil
Zhejiang Provincial Energy Group signed an LNG SPA with ExxonMobil. Under the agreement, Zhejiang Energy is expected to receive 1 MTPA of LNG over 20 years. The LNG will be delivered to Wenzhou LNG receiving terminal with a capacity of 3 MTPA currently being constructed by Zhejiang Energy.
Edited from ExxonMobil press release.