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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 7, 2014
GDF SUEZ and CHUBU sign medium-term LNG HOA
Chubu and GDF SUEZ announced the signature of a Heads of Agreement. Under the terms of the agreement, GDF SUEZ will deliver 20 cargoes (around 1.2 million tons) of liquefied natural gas to Chubu for a 27-month period starting in the 1st quarter of 2015. LNG will be sourced from GDF SUEZ global supply portfolio.
Jean-Marie Dauger, Executive Vice-President of GDF SUEZ, in charge of the Global Gas & LNG business line, said: “This sales agreement shows once again GDF SUEZ commitment to develop its sales in Asia, a region with growing LNG needs. LNG is playing a critical role in Japan’s energy mix. As a safe and reliable supplier, we are happy to reach such agreement with Chubu Electric, a significant and experienced player in the field of LNG in Japan”.
Japan imported in 2013 around 88 million tons of LNG which represents 37.5% of the world LNG consumption. In the next decade Japan is expected to remain one of the major gas importers. Chubu Electric Power Co., Inc. is Japan's third-largest electric power company in power generation capacity, electric energy sold, operating revenues, and total assets. Chubu Energy division is engaged in the provision of gas and integrated energy including cogeneration system, as well as the storage, delivery and regasification of LNG. Chubu Electric Power serves an area of nearly 39,000 square kilometers in five prefectures of central Japan, home to some 16 million people.
The Chubu region is known as one of Japan’s leading manufacturing regions, and many world-class Japanese industries, including manufacturers of automobiles, machine tools, electric components, aircraft, and new materials, are centered here.
GDF SUEZ is a global LNG player and the main LNG importer in Europe. GDF SUEZ has the third largest LNG supply portfolio in the world, supplied from six different countries, and representing 16 mtpa. It controls a fleet of 14 LNG carriers under mid and long term charter agreements.
October 21, 2014
Hazira LNG, Höegh LNG, Pertamina and Singapore LNG join GIIGNL in 2014
Following their candidacy approval by the General Assembly on October 6, 2014, Hazira LNG, Höegh LNG, Pertamina and Singapore LNG join GIIGNL as new members. Hazira LNG, Höegh LNG and Singapore LNG applied for full membership, while Pertamina will join as associate member.
October 14, 2014
Mr. Steve Hill (BG Group) appointed GIIGNL Vice President
During the recent general assembly of GIIGNL held in Venice (October 6-8, 2014), Mr. Steve Hill was appointed GIIGNL Regional VP for the Americas. Mr. Steve Hill is currently President, Global Energy Marketing and Shipping of BG Group. He succeeds BG Group's former COO, Mr. Martin Houston.
October 14, 2014
DEPA becomes a member of the Executive Committee
During the recent GIIGNL General Assembly held in Venice on October 6 and 7, 2014, DEPA was approved as a new member of GIIGNL's Executive Committee. The Executive Committee comprises twelve member companies (four for each region). DEPA will be represented by its CEO, Mr. Spiros Paleoyannis.
August 7, 2014
Final Investment Decision for Cameron LNG
Partners of the Cameron LNG project GDF SUEZ, Sempra, Mitsubishi and Mitsui announced the Final Investment Decision (FID) for the construction of the liquefaction plant. This decision follows receipt by Cameron LNG of the authorization to construct from the US Federal Energy Regulatory Commission (FERC) and receipt of the conditional approval from the US Department of Energy (DOE) to export LNG to nations with which the United States does not have a Free Trade Agreement.
Cameron LNG is located on an industrial-zoned site along the Calcasieu Channel in Hackberry, Louisiana. The plant will produce and export up to 12 million tons per year with 3 liquefaction trains. The construction works on site will start this fall. The total cost of this facility will be around USD 10 billion. The production of the first train is expected to start in early 2018, with second and third trains following later in 2018 and in 2019 respectively. An Engineering and Procurement Contract (EPC) has been awarded to a joint venture of the firms CB&I from the US and Chiyoda from Japan.