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December 21, 2020
Shell sells QCLNG stake
Global Infrastructure Partners Australia has acquired a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities for $2.5Bn from QGC Common Facilities, a full subsidiary of Shell. The transaction concerns the entity which holds and operates LNG storage tanks, jetties and infrastructure which service the LNG trains and does not impact the ownership structure of QGC or QCLNG joint venture. Upon completion of the transaction, Shell will remain majority owner and operator of the Common Facilities with 73.75% of QCLNG Common Facilities. The deal is subject to approval by Australian regulatory authority and is expected to be finalized in the first half of 2021.
Edited from Shell press release
December 9, 2020
Total takes stake in ECA LNG
Total has acquired 16.6% of the ECA LNG Phase 1 project, a joint venture owned previously by Sempra LNG and IEnova, which remain with 41.7% stake each according to the new agreement. This equity acquisition in the brownfield export project, where Total is also an offtaker, does not include an equity interest in the ECA LNG’s regasification facility. Earlier this year Total and Mitsui & Co., Ltd. have signed 20 year SPAs for 1.7 Mtpa and 0.8 Mtpa respectively of initial LNG offtake from the ECA LNG Phase 1.
Edited from Sempra press release
December 8, 2020
Chevron shuts down Wheatstone unit
Chevron has temporarily shut down a separating natural gas and associated liquids unit at the Wheatstone offshore processing platform for precautionary reasons following finding an “anomaly” within a nozzle on an inlet separator vessel during routine maintenance. So far all Wheatstone LNG trains remain fully operational and the shutdown has not impacted the LNG supply.
December 7, 2020
Diamond Gas signs 10-year feed gas SPA with Santos
Santos has signed a 10 year feed gas SPA with Diamond Gas International, a 100% subsidiary of Mitsubishi Corporation, for the supply of 1.5 Mtpa of LNG from the Barossa project. The project is intended to provide a new supply source to the existing Darwin LNG plant when currently used Bayu-Undan facility ceases production. The FID is expected to be taken in 2021.
Along with the SPA, the companies have signed an MoU to jointly investigate possibilities to make LNG supply from Barossa carbon neutral. This concerns Moomba CCS project, carbon credits and potential hydrogen development.
Edited from Santos press release
December 4, 2020
Panama Canal mulls over new LNG slots
Suffering since late October from bottlenecks and facing an increase in US LNG exports, the Panama Canal Authority will consider possibilities of adding additional reserved LNG transit slots in the middle of next year. Currently the Canal Authority handles two LNG vessels per day on average, with this number increasing up to 4 on some days.