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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.

 

October 17, 2018

PGNiG signs 20-year LNG SPA with Venture Global

Polish Oil and Gas Company (PGNiG) and Venture Global LNG signed a SPA for 2 MTPA of LNG. The contracts were signed between PGNiG and two subsidiaries of Venture Global LNG – Venture Global Calcasieu Pass, LLC and Venture Global Plaquemines LNG, LLC.

PGNiG will purchase from each of the companies 1 MTPA of LNG on a FOB basis for a period of 20 years. It will start from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022, and the commercial operation date of the Venture Global Plaquemines LNG export facility, currently expected in 2023.

Edited from Venture Global press release.

October 15, 2018

Tohoku Electric signs 15-year LNG SPA with Mozambique LNG 1

On 12 October, Tohoku Electric signed an LNG SPA with Mozambique LNG 1 Company which is a special purpose vehicle for LNG sales from the Anardarko-operated Mozambique LNG Project. Tohoku Electric will purchase up to 0.28 MTPA over a period of 15 years from the project which is expected to start production in the early 2020s.
Edited from Tohoku Electric Power press release.
 

October 10, 2018

Tokyo Gas signs HOA to buy LNG from LNG Canada

Tokyo Gas Co. has signed a HOA for the purchase of LNG from the LNG Canada Project with Diamond Gas International (DGI), a fully owned subsidiary of Mitsubishi Corporation. The Shell-operated LNG Canada project in which DGI holds a 15% interest, is expected to produce 14 MTPA of LNG. Tokyo Gas will purchase up to 0.6 MTPA of LNG delivered on Ex-Ship basis for a period of 13 years starting in April 2026.

Edited from Tokyo Gas press release.

 

October 10, 2018

Toho Gas signs HOA to buy LNG from LNG Canada

Toho Gas Co. has entered into a HOA for a purchase of LNG from LNG Canada Project with Diamond Gas International (DGI), a 100% subsidiary of Mitsubishi Corporation. The Shell-operated LNG Canada project in which DGI holds a 15% interest, is expected to produce 14 MTPA of LNG. Toho Gas will purchase up to 4 cargoes or 0.3 MTPA of LNG delivered on Ex-Ship basis for a period of 15 years starting in 2024/2025.

Edited from Toho gas press release.

October 1, 2018

Mundra LNG terminal starts up

Narendra Modi, Prime Minister of India has inaugurated the Mundra LNG project. Developed by GSPC LNG, the facility has the capacity to process 5 MTPA of LNG. The terminal is composed of two LNG storage tanks of 160,000 cbm each and a jetty which can accomodate LNG vessels with sizes from 75,000 to Q-max. It also includes a facility for LNG truck loading.

 

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