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July 7, 2021
Petronas signs AECO-indexed deal with CNOOC
Petronas signed a supply deal with CNOOC for the delivery of 2.2 MTPA to China for 10 years. This agreement also includes supply from LNG Canada which might start operations in 2025. The price of LNG will be indexed to a combination of the Brent and Alberta Energy Company (AECO) indices. The AECO index is housed on the ICE NGX commodity exchange platform in North America. In May Petronas sold a spot cargo from Bintulu, Malaysia, indexed to AECO to a buyer in the Far East.
Edited from Petronas press release
July 7, 2021
Osaka Gas to start carbon neutral city gas supply
Osaka Gas received its first carbon neutral LNG cargo at the Senboku LNG terminal. The cargo was supplied from Brunei and purchased from Shell along with nature-based credits, which offset the CO2e life-cycle emissions of the cargo. Osaka Gas will supply carbon neutral LNG and city gas to its customers starting from August 1, 2021.
Edited from Osaka Gas press release
July 2, 2021
FSRU Ertuğrul Gazi receives first LNG
The first LNG transfer was carried out to Ertuğrul Gazi, a new FSRU built by Hyundai Heavy Industries and provided by BOTAŞ for its regasification terminal at Dörtyol in Hatay. Berge Arzew brought a commissioning cargo of 132 000 m3 of LNG from Algeria in late June. The ship-to-ship transfer to the 170 000 m3Ertuğrul Gazi FSRU was completed on July 2nd. The new FSRU replaces FSRU Challenger, which will be provided by MOL for an offshore regasification project in Hong Kong.
Edited from BOTAŞ press release
July 1, 2021
QP to supply China with 1 MTPA for ten years
Qatar Petroleum entered into a 10-year SPA with Shell for the supply of 1 MTPA of LNG to China starting from January 2022. Qatar Petroleum plans to supply the LNG volumes from its Qatargas 1 venture, which will become 100% owned by Qatar Petroleum as of January 1st 2022. This agreement brings total long term LNG volumes supplied from Qatar to China to approximately 12 MTPA.
Edited from Qatar Petroleum press release
June 9, 2021
First carbon-neutral LNG cargo from Oman
Oman LNG and Shell signed an agreement to deliver the Middle East’s first carbon-neutral LNG cargo from the terminal in Qalhat using nature-based carbon credits to offset full lifecycle CO2 emissions across the LNG value chain: from exploration and production to its end use by the final customer.
Edited from Shell press release