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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.

 

September 17, 2019

Vitol and ENH launch ENH Energy Trading

Vitol and ENH, the National Oil Company of Mozambique, announced the launch of ENH Energy Trading, a joint venture commodity trading company. ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. ENH Energy Trading will focus on energy commodities, in particular LNG, LPG and condensate, enabling ENH to create additional value and develop expertise in trading energy commodities. The company will be based in Singapore.

Edited from Vitol press release.

September 17, 2019

Woodside and Uniper sign HOA for long-term LNG supply

Woodside Energy Trading Singapore has signed a HOA with Uniper Global Commodities for the supply of LNG from Woodside’s portfolio for a period of 13 years commencing in 2021. The quantity of LNG to be supplied will initially be up to 0.5 MTPA, increasing to approximately 1 MTPA from 2025.

Edited from Woodside press release.

September 16, 2019

LNGL, DELTA OFFSHORE ENERGY agree on supply deal to Vietnam

Delta Offshore Energy (DeltaOE) and LNG Limited (LNGL) have jointly announced an alliance with the Bac Lieu Provincial Government in Vietnam to develop an LNG-to-power project for the province. The DeltaOE led power project includes the construction and operation of an LNG import terminal, a 3,200-megawatt combined-cycle power plant and delivery of power generation to the Bac Lieu Province. The integrated project is expected to commence operations in 2023 pending Government approvals. LNGL’s wholly-owned subsidiary, Magnolia LNG, shall deliver 2 MTPA of LNG to DeltaOE pursuant to an SPA, on a FOB basis for a 20-year term with options to extend the term.

Edited from LNG Limited press release.

September 16, 2019

Cheniere and EOG Resources sign long-term Gas Supply Agreements

Cheniere Energy announced that its subsidiaries, Corpus Christi Liquefaction and Cheniere Corpus Christi Liquefaction Stage III have entered into long-term gas supply agreements with EOG Resources. Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, starting at 140,000 MMBtu per day and increasing to 440,000 MMBtu per day. The 140,000 MMBtu per day will be owned and marketed by Cheniere and EOG will receive a price based on the Platts Japan Korea Marker (JKM) for this gas. The remaining 300,000 MMBtu per day will be sold by EOG to Cheniere at a price indexed to Henry Hub.

Edited from Cheniere Energy press release.

September 12, 2019

Vopak acquires 49% LNG import facility in Colombia.

Royal Vopak has announced it has acquired 49% of Sociedad Portuaria el Cayao (“SPEC”) in Cartagena, Colombia. The remaining 51% is owned by Promigas (51%).  It has been in operation since 2016 and is the only LNG import facility in Colombia.

The LNG import facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects SPEC to the national gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas-fired power plants. 

Edited from Vopak’s press release

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