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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.

 

November 9, 2018

RWE and Tokyo Gas agree to cooperate in the LNG business

RWE and Tokyo Gas have entered into an agreement to cooperate extensively in the LNG business. Under a wide reaching MOU for strategic cooperation, the two companies aspire to strengthen their ties in the area of LNG sourcing, trading and shipping activities.

As the first step under the MOU, a framework has been agreed for cost reduction through LNG shipping optimization utilizing the US LNG procured by Tokyo Gas. The discussion is underway toward conclusion of the legally binding agreement on this framework. The two companies will also increase the values of their portfolios through taking advantage of short-term trading opportunities.

Edited from RWE press release.

 

November 8, 2018

PGNiG signs 24-year LNG SPA with Cheniere

Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term LNG SPA. In 2019-2022 the volume of supplies will total approximately 0.52 million tonnes, while in the period of 2023-2042, the total import volume will reach 29 million tonnes. It means that starting from 2023 PGNiG will purchase about 1.45 MTPA of US LNG.

LNG cargoes from Cheniere heading for Poland will depart from liquefaction facilities in Sabine Pass, Louisiana and Corpus Christi, Texas and will be delivered at the Świnoujście LNG Terminal in Poland.

Edited from PGNiG press release.

November 7, 2018

Sempra signs three HOAs with Total, Mitsui and Tokyo Gas

Sempra Energy announced that its subsidiaries Infraestructura Energetica Nova and Sempra LNG & Midstream have signed three HOAs with Total, Mitsui and Tokyo Gas for the full export capacity of Phase 1 of the Energia Costa Azul (ECA) LNG project located in Baja California, Mexico. ECA LNG Phase 1 is a single-train liquefaction facility to be located adjacent to the existing LNG receiving terminal and expected to produce approximately 2.4 MTPA of LNG.

The three HOAs for ECA LNG Phase 1 contemplate the parties negotiating and finalizing definitive 20-year LNG SPAs. The three companies each will potentially purchase approximately 0.8 MTPA from ECA LNG Phase 1. A FID for ECA LNG is targeted in late 2019 with potential first LNG deliveries in 2023.

Edited from Sempra Energy press release.

 

November 6, 2018

Höegh Esperanza starts FSRU operations for CNOOC in Tianjin

Höegh LNG announced that Höegh Esperanza has arrived at the Tianjin LNG terminal in China and has started commissioning for FSRU operations. It is currently serving a three-plus-one year FSRU/LNGC time charter with CNOOC Gas & Power Trading and Marketing Ltd. Under the contract, it will be utilized in FSRU mode for a minimum period each year, with the balance of the year in LNG carrier mode and/or FSRU mode. The rate structure corresponds to the mode of use, with an anticipated annualized EBITDA contribution when in FSRU mode of approximately USD 33 million.

The FSRU Höegh Esperanza was delivered from Hyundai Heavy Industries in April 2018 and entered the contract with CNOOC in June 2018. It has both open and closed loop regasification capability, an import capacity of around 6 MTPA of LNG and storage capacity of 170,000 cubic meters of LNG.

Edited from Höegh LNG press release.

October 24, 2018

Höegh Gallant FSRU starts working for Clearlake Shipping

Höegh LNG mentioned that its FSRU vessel, Höegh Gallant has been chartered to Clearlake Shipping, a unit of the energy trading company Gunvor as a conventional LNG carrier. On 15 October, Höegh LNG confirmed that the vessel would be chartered to a third party after an early termination of the contract with EGAS in Egypt. Höegh LNG and EGAS have agreed that EGAS would compensate for the rate difference between the original FSRU contract and the new LNG carrier time charter.

Edited from Höegh LNG press release.

 

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