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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.

 

April 2, 2019

Vitol signs 15-year LNG HoA with Novatek

Novatek Gas & Power Asia, a trading subsidiary of NOVATEK and Vitol signed an HoA for the supply of LNG. The HoA envisages concluding a 15-year contract with annual supply of 1 MTPA of LNG from the Arctic LNG 2 project as well as other NOVATEK’s projects. The LNG will be shipped on a FOB basis to NOVATEK’s transshipment terminals in the Murmansk region and Kamchatka.

Edited from Novatek press release.

April 2, 2019

Repsol signs 15-year LNG HoA with Novatek

Novatek Gas & Power Asia, a trading subsidiary of NOVATEK, signed a non-binding HoA with Repsol for the supply of LNG. The HoA envisages concluding a 15-year contract with 1 MTPA of LNG from the Arctic LNG 2 project as well as other NOVATEK’s projects. The LNG will be delivered ex-ship primarily to markets on the Iberian Peninsula.

Edited from Novatek press release.

April 2, 2019

Unipec signs 4-year LNG SPA with PNG LNG

PNG LNG Project co-venturers have entered into a mid-term LNG SPA with Unipec Singapore, a wholly-owned subsidiary of Sinopec, for the supply of LNG commencing in April 2019. The mid-term SPA with Unipec is for supply of approximately 0.45 MTPA of LNG over a four-year period.

Edited from Santos press release.

April 2, 2019

JERA and EDF Trading complete to merge

JERA and EDF Trading announced the completion of the transaction to merge their LNG optimization and trading activities into JERA Global Markets (JERAGM), the new name for JERA Trading. JERAGM is now the exclusive LNG optimizer for JERA and EDF, managing their collective short and medium-term LNG optimization activities in the wholesale markets.

Edited from JERA press release.

April 1, 2019

Shell signs 20-year LNG SPA with NextDecade

NextDecade Corporation signed a 20-year SPA with Shell for the supply of LNG. NextDecade will deliver 2 MTPA of LNG volumes from its Rio Grande LNG export project in Brownsville, Texas. Shell will purchase LNG on a FOB basis starting from the commercial operation date of Rio Grande LNG, currently expected in 2023, with approximately three-quarters of the purchased LNG volumes indexed to Brent and the remaining volumes indexed to domestic United States gas indices, including Henry Hub. The SPA is the first-ever long-term contract with LNG produced out of the United States to be indexed to Brent and comes with full destination flexibility.

Edited from NextDecade press release.

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