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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.

 

June 18, 2020

LNG project in Cyprus awarded €150 million funding

The European Investment Bank (EIB) has approved €150 million to fund the construction of the LNG project in Cyprus, which will be built by the Natural Gas Infrastructure Company (ETYFA) at a total cost of €289 million. ETYFA has already secured a €101 million grant from the European Commission through the Connecting Europe Facility (CEF) and €43 million from the EAC's participation in ETYFA's share capital. Following this decision works will commence in the Vasilikos area.

Edited from DEFA's press release

 

June 16, 2020

Plaquemines plant in Louisiana starts construction

Following the approval by the US energy regulators Venture Global LNG has started its preparation works for the Plaquemines liquefaction plant in Louisiana.  Once operational, it will have an export capacity of up to 20 MTPA. Commercial operations of the facility are planned to start in 2023.

June 15, 2020

FSRU arrives in Brazil

BW’s FSRU arrived on Friday 12 June at a new terminal in the Brazilian port of Port Açu to start its contract serving Gas Natural Açu’s LNG-to-power project.  The FSRU will be moored alongside the terminal for 23 years where it will go into service by supporting the Port Açu project. BW Magna will be able to regasify up to 1,000 million scf of natural gas per day, supplying two natural gas-fired combined-cycle thermal power plants with capacity to generate 3,000 MW, which will serve about 14 million homes.

 

June 15, 2020

First Commingling LNG Cargo received at Hatsukaichi LNG Terminal

On 15 june, the first first commingling LNG cargo arrived at Hatsukaichi LNG terminal of Hiroshima Gas. The commingling cargo is based on the LNG Transportation Agreement between Hiroshima Gas, Tokyo Gas and Tokyo LNG Tanker that was executed in February 2020 in which LNG procured by Hiroshima Gas and Tokyo Gas from Sakhalin, Russia would be jointly transported by an LNG carrier owned and operated by Tokyo LNG Tanker for a period of eight years from FY2020 to FY2027.

Edited from Tokyo Gas’ Press release

June 15, 2020

Qatar books remaining available capacity at Krk terminal

The remaining available capacity at the Krk terminal in Croatia has been booked by PowerGlobe Qatar for the next 3 years under a 15-year deal. PowerGlobe Qatar already holds capacity until 2035. MFGK Croatia, MET Croatia Energy Trade are the other capacity holders. The LNG terminal is currently under construction and is expected to have capacity to receive 2.6 bcm of natural gas per year starting 2021.

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