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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.

 

July 29, 2020

The US to extend its LNG export terms to 2050

The US Department of Energy (DoE) has announced that it will issue a final policy statement that allows existing non-FTA authorisation holders to apply to extend their export term through 2050 and also allows existing applicants to amend their pending non-FTA applications to request an export term through 2050. This policy is a change from the current practice of granting 20-year export terms.

Edited from the DOE's press release

July 20, 2020

5-year LNG supply contract between the US and Mexico

Okra Energy Alabama has secured a renewable five-year contract to supply LNG to Enestas Energy & Gas in Mexico. The contract will be fulfilled through the 100,000-gallon per day (GPD) natural gas liquefaction facility under construction in McIntosh, Alabama and will serve Enestas Energy & Gas who is specialized in the distribution of natural gas in Mexico through virtual pipelines, mainly focused on mining, industrial parks, transport, greenhouses and power generation.

Edited from Okra Energy’s press release

July 15, 2020

JERA takes stake in Bangladesh CCGT

 $644 million will be granted in form of loans from public and private Japanese lenders to a 718-megawatt plant power plant in Bangladesh fueled with LNG owned partly by JERA. The power plant will be located 40 km from the capital Dhaka and is to begin commercial operations in 2022 .The electricity will be sold to a state-owned provider.

 

 

July 15, 2020

Energy transition bond to finance Hong Kong FSRU

A  $350 million Energy Transition Bond has been issued to support Hong Kong's transition towards a lower carbon future, through the financing of  an offshore Liquefied Natural Gas (LNG) receiving terminal  and its associated pipeline and gas receiving station. This will enable CLP Holdings to buy gas directly from more diversified sources for its gas-fired power generation facilities, including two new combined cycle gas turbine (CCGT) units being developed at Black Point Power Station.

 

July 9, 2020

BP and ENN sign gas supply contract

BP and ENN have signed a 2 year gas supply agreement, starting in January of 2021, for the supply of an equivalent 300,000 tonnes of LNG in gas form annually from the Guangdong Dapeng LNG terminal

 

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