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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 3, 2019

Total signs 15-year LNG HoA with Tellurian

Total and Tellurian signed an HoA upon which Total will invest in Driftwood Holdings and will offtake 2.5 MTPA of LNG. More precisely:

- Total will make a $500 million equity investment in the Driftwood LNG and purchase 1 MTPA of LNG from the proposed project;

- Tellurian and Total will also enter into an SPA for a further 1.5 MTPA of LNG from Tellurian Marketing’s LNG offtake volumes from the Driftwood LNG. The SPA will be for the purchase of LNG on a FOB basis for a minimum term of 15 years, at a price based on the Platts JKM.

Edited from Total press release.

April 3, 2019

Guanghui signs 10-year LNG SPA with Total

Guanghui International Natural Gas Trading, a subsidiary of Guanghui Energy, signed a long-term SPA with Total for the supply of 0.7 MTPA of LNG for a period of 10 years. The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio.

Edited from TOTAL press release.

April 2, 2019

Vitol signs 15-year LNG HoA with Novatek

Novatek Gas & Power Asia, a trading subsidiary of NOVATEK and Vitol signed an HoA for the supply of LNG. The HoA envisages concluding a 15-year contract with annual supply of 1 MTPA of LNG from the Arctic LNG 2 project as well as other NOVATEK’s projects. The LNG will be shipped on a FOB basis to NOVATEK’s transshipment terminals in the Murmansk region and Kamchatka.

Edited from Novatek press release.

April 2, 2019

Repsol signs 15-year LNG HoA with Novatek

Novatek Gas & Power Asia, a trading subsidiary of NOVATEK, signed a non-binding HoA with Repsol for the supply of LNG. The HoA envisages concluding a 15-year contract with 1 MTPA of LNG from the Arctic LNG 2 project as well as other NOVATEK’s projects. The LNG will be delivered ex-ship primarily to markets on the Iberian Peninsula.

Edited from Novatek press release.

April 2, 2019

Unipec signs 4-year LNG SPA with PNG LNG

PNG LNG Project co-venturers have entered into a mid-term LNG SPA with Unipec Singapore, a wholly-owned subsidiary of Sinopec, for the supply of LNG commencing in April 2019. The mid-term SPA with Unipec is for supply of approximately 0.45 MTPA of LNG over a four-year period.

Edited from Santos press release.

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