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September 30, 2015
GIIGNL TSG releases new version of Custody Transfer Handbook
GIIGNL TSG (Technical Study Group) just released its fourth edition of its best-seller "GIIGNL LNG Custody Transfer Handbook".
This fourth edition addresses the latest commercial and technical developments of the industry. It must be seen as an extensive revision of the previous version including not only custody transfer from a large scale LNG ship to an onshore terminal (or vice versa), but also containing a lot more useful information with regard to ship-to-ship LNG transfer and custody transfer from an onshore terminal to small LNG carriers.
The 2015 GIIGNL LNG Custody Transfer Handbook is available here
September 25, 2015
Dunkerque LNG launches market test for tanker truck loading
Expected to be commissioned by the end of 2015, Dunkerque LNG terminal launched a market test to collect the market interest in a new service for loading liquefied natural gas into tanker trucks. The interest shown by the market will enable Dunkerque LNG to adjust the design of the tanker truck loading bay to be built.
The market test will provide preparatory information in order to allow interested companies to express an interest in tanker trucks loading capacity (and associated services) by means of a non-biding request. Companies interested in participating in this solicitation are invited to download the Market Tests and to send Dunkerque LNG the required documentation in accordance with the participation process before October 31st, 2015.
August 12, 2015
KOGAS LNG imports decrease by 17% year on year
Korea Gas Corporation's LNG imports were reduced by 17.1% year on year in January-June, as domestic sales declined 7.4% over the same period due to an economic slump and higher coal and nuclear usage for power generation, the company said in its H1 presentation to investors.
KOGAS imported 16.54 million mt of LNG for the first semester, compared with 19.96 million mt in the same period last year.
August 11, 2015
EDF and CHENIERE sign TTF-indexed SPA
Cheniere Energy (NYSE: LNG) that its wholly owned subsidiary, Cheniere Marketing International LLP ("Cheniere Marketing") has entered into sales arrangements with Électricité de France, S.A. ("EDF") for the delivery of liquefied natural gas ("LNG") cargoes on an ex-ship basis ("DES") from the Sabine Pass LNG terminal ("Sabine Pass") to the Dunkerque LNG terminal in France. The sales arrangements cover the delivery of up to 26 cargoes, or up to approximately 100 million MMBtus, through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.
Volumes will be sourced from Cheniere Marketing's LNG supply portfolio, which includes rights under a sale and purchase agreement ("SPA") with Sabine Pass Liquefaction, LLC to purchase any LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction, LLC for LNG produced from Cheniere's Corpus Christi liquefaction project ("CCL Project").
July 21, 2015
Engie and Kansai Electric sign LNG cooperation agreement
ENGIE and Kansai Electric have agreed to enter into a partnership agreement on liquefied natural gas.This agreement will provide shipping optimization and other commercial and marketing opportunities in Europe and in other LNG markets to the benefits of Kansai and ENGIE.
ENGIE will purchase 0.4 million tons per annum (mtpa) of LNG from Kansai's North American LNG. Depending on markets conditions, ENGIE could then sell an equivalent amount of LNG to Kansai Electric in Japan. The transaction will start in 2019 for an initial period of four years which can be extended up to 20 years.
ENGIE will manage these agreements – purchase, sale and shipping agreements – within its own diversified LNG portfolio.