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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 24, 2019

NOVATEK starts Vysotsk LNG Production

NOVATEK announced that Cryogas-Vysotsk has commenced full-scale production of LNG. Cyrogas-Vysotsk is a medium-tonnage LNG project located in the port of Vysotsk, Leningrad Region of Russia on the Baltic Sea. The project’s initial design capacity is 660 thousand tons of LNG per annum, and its infrastructure includes a 42 thousand cubic meters LNG storage tank and an offloading berth designed to handle LNG carriers with a capacity of up to 30 thousand cubic meters.

Edited from NOVATEK press release.

April 24, 2019

Zhejiang Energy signs 20-year LNG SPA with ExxonMobil

Zhejiang Provincial Energy Group signed an LNG SPA with ExxonMobil. Under the agreement, Zhejiang Energy is expected to receive 1 MTPA of LNG over 20 years. The LNG will be delivered to Wenzhou LNG receiving terminal with a capacity of 3 MTPA currently being constructed by Zhejiang Energy.

Edited from ExxonMobil press release.

April 9, 2019

JERA signs 15-year LNG HoA with Mitsubishi

JERA signed an HoA with Diamond Gas International, a subsidiary of Mitsubishi Corporation, for the sale and purchase of up to 16 cargoes of LNG a year for a period of 15 years from LNG Canada project, commencing in 2024.

Edited from JERA press release.

April 5, 2019

ENN signs 10-year LNG HoA with Woodside

ENN Group signed an HoA with Woodside for the sale and purchase of 1 MTPA of LNG for a period of 10 years, commencing in 2025. The HOA remains conditional upon the negotiation and execution of a fully termed Sales and Purchase Agreement and obtaining all necessary approvals and a Final Investment Decision on Scarborough.

Edited from Woodside press release.

April 5, 2019

Tokyo Gas signs 10-year LNG HoA with Shell

Tokyo Gas signed an HoA with Shell Eastern Trading for the sale and purchase of 0.5 MTPA of LNG for a period of 10 years, commencing in 2020. Shell and Tokyo Gas have come up with an innovative pricing formula that is based on coal indexation and included this into the agreement.

Edited from Tokyo Gas press release.

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