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August 6, 2021
ENI delivers carbon neutral LNG cargo to CPC
ENI and CPC Corporation reached an agreement for the delivery of a carbon neutral LNG cargo to CPC Corporation, Taiwan, at the Yung An receiving terminal. The LNG will be sourced by ENI from the Bontang LNG project in Indonesia. The cargo will be certified as carbon neutral according to the PAS 2060* standard. The overall GHG emissions related to the entire value chain of the cargo will be offset using high quality nature based credits, sourced from two REDD+ projects: Luangwa Community Forest project in Zambia and Kulera Landscape REDD+ project in Malawi.
Edited from ENI press release
*PAS 2060 is a carbon neutrality standard developed by the British Standards Institution.
July 30, 2021
270 000 cm storage tanks for Dangjin LNG terminal
Doosan Heavy Industries & Construction and Kuil Construction won a 53M$ contract to build 4 storage tanks of a 270 000 m3 capacity each at a proposed by KOGAS LNG terminal in Dangjin. The terminal is assumed to have 10 LNG tanks in total. KOGAS plans to complete the construction of the terminal by 2031.
July 29, 2021
Tellurian signs SPA with Shell
Tellurian signed a 10-year SPA with Shell for 3 MTPA of LNG to be taken from Driftwood LNG on a FOB basis, indexed to a combination of JKM and TTF, netted back for transportation charges. This agreement brings the total contracted capacity of Driftwood LNG to 9 MTPA, which is close to the capacity of its first two trains.
Edited from Tellurian press release
July 27, 2021
Guangdong Energy starts construction of Huizhou LNG terminal
Guangdong Energy started construction of an LNG import terminal located at Huizhou city in Guangdong Province, China. In the first phase of the project will include the construction of a jetty and three LNG storage tanks of a 200 000 m3 capacity each and will have a regasification capacity of 6.2 MTPA. The start of operations is planned at the end of 2023.
July 27, 2021
PGNiG signs SPAs with Venture Global and MoU with Sempra
Polish Oil and Gas Company (PGNiG) signed 20-year SPAs with Venture Global for 2 MTPA in total. Out of these volumes, 0.5 MTPA will be taken from Calcasieu Pass and 1.5 MTPA from Plaquemines LNG, on a FOB basis from both plants. The volume of LNG contracted from Venture Global LNG by PGNiG totals 5.5 MTPA. The first deliveries from Calcasieu Pass are expected in 2023.
PGNiG decided to terminate the SPA with Sempra LNG for a 2 MTPA offtake from Port Arthur LNG due to delays in the project’s development. Simultaneously PGNiG and Sempra signed an MoU for a possible shift of these volumes to other liquefaction projects from Sempra LNG’s portfolio. As part of the MOU, Sempra and PGNiG will work toward a framework for the reporting, mitigation and reduction of GHG emissions throughout the LNG value chain.
Edited from PGNiG press releases