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May 27, 2019
OLT Offshore sells Uniper’s LNG terminal stake to First State
OLT Offshore LNG Toscana announced that the Board of Directors of the company formalized the transfer of shares held by Uniper, equal to 48.24%, to First State Investments, an Australian fund. The existing shareholders, Iren Group (49.07%), also through its subsidiary ASA, and Golar LNG (2.69%) maintain their holdings.
Edited from OLT Offshore press release.
May 21, 2019
PETRONAS FLNG Satu produces first LNG post relocation
PETRONAS started its first LNG production by its PFLNG Satu at the Kebabangan cluster field, 90 kilometres offshore Sabah. Operated by Kebabangan Petroleum Operating Company, Kebabangan field is the second location for PFLNG Satu after its operation in Kanowit field, Sarawak. The first LNG cargo delivery at the new field is expected in June
Edited from PETRONAS press release.
May 21, 2019
Sempra and Aramco sign HOA for Port Arthur LNG
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed an HOA. The HOA anticipates the negotiation and finalization of a definitive 20-year LNG SPA for 5 MTPA of LNG offtake from Phase 1 of the Port Arthur LNG export project under development. It also includes the negotiation and finalization of a 25% equity investment in Phase 1 of Port Arthur LNG.
Edited from Sempra Energy press release.
May 17, 2019
Cameron LNG starts the production from Train 1
Cameron LNG announced that Train 1 has started producing LNG at its liquefaction-export facility in Hackberry, Louisiana. The Cameron LNG project includes three liquefaction trains with a projected export of 12 MTPA of LNG. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui and Japan LNG Investment, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
Edited from Cameron LNG press release.
May 13, 2019
JERA and CPC co-sign 17-year LNG SPA with Anardarko
JERA and CPC Corporation have jointly signed an SPA with Mozambique LNG1 Company, the jointly owned sales entity of the Mozambique Area 1 co-venturers. JERA and CPC will jointly purchase 1.6 MTPA of LNG for the base term of 17 years from the commercial start date. A European gas price index is used as part of the contract price formula for this SPA.
Edited from JERA press release.