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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 4, 2021

Tellurian signs SPA with Vitol

One week after the agreement with Gunvor, Tellurian signed one more 10-year LNG SPA for 3 MTPA, this time with Vitol, the world’s largest independent energy trader. Once again, JKM and TTF were taken as reference indices for the contract price. The LNG would be delivered on FOB basis from Driftwood LNG.

Edited from Tellurian press release

 

June 4, 2021

EU Commission approves exemption decision for German LNG Terminal

The European Commission has approved the exemption decision related to 8 BCMA of throughput capacity for the German LNG Terminal planned at Brunsbüttel, Northern Germany. The terminal will be built and operated by the joint venture German LNG Terminal GmbH including Gasunie, Vopak and Oiltanking. The exemption will be applied on a long-term basis from the date of the terminal’s commercial start.

Edited from Oiltanking press release

 

June 2, 2021

Excelerate’s FSRU returns to Bahia Bianca

Following the results of a tender for seasonal regasification service, Excelerate’s FSRU Exemplar restarted operations at Bahia Blanca in Argentina after the vessel left the site in 2018. The FSRU with a storage capacity of 150 900 m3 will deliver LNG for the 2021 winter season. Bahia Blanca GasPort is South America’s first LNG import terminal which started operations in 2008.

Edited from ExcelerateEnergy press release

 

June 2, 2021

Novatek signs LNG supply HoA with Glencore

Novatek Gas & Power Asia and Glencore signed an HoA for the long-term supply of 0.5 MTPA of LNG delivered to East Asia from the Arctic LNG 2 project. The LNG will be shipped all-year-round along the Northern sea route. The 19.8 MTPA project will be located on the Gydan peninsula in West Siberia and its construction concept relies on using gravity-based structure platforms.

Edited from Novatek press release

 

June 2, 2021

Novatek and Zhejiang Energy sign HoA

Novatek Gas & Power Asia and Zhejiang Energy Gas Group, a subsidiary of the Zhejiang Provincial Energy Group, signed an HoA for the supply of 1 MTPA of LNG from the Arctic LNG 2 project for 15 years. The Agreement builds on the MoU signed in October 2019. The LNG will be delivered on a DES basis to Zhejiang Energy’s LNG terminals in China, including feedstock for the buyer's new gas-fired power generation facilities.

Edited from Novatek press release

 

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