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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 9, 2021

Pavilion Energy and BP Singapore sign carbon tracked LNG SPA

Pavilion Energy BP Singapore signed a 10-year SPA for the supply of around 0.8 MTPA of LNG to Singapore from 2024. The companies agreed to co-develop and implement a GHG quantification and reporting methodology, that will cover emissions from wellhead-to-discharge point, be transparent and correspond to relevant international standards.

Edited from Pavilion Energy press release

 

June 9, 2021

Crown LNG starts development of Kakinada LNG

According to an agreement signed with East LNG to finance, build, and lease the infrastructure for a 7.2 MTPA LNG receiving terminal around 11 km offshore Kakinada, India, Crown LNG initiated development of the project. The Kakinada LNG project is planned to be developed as a gravity-based structure and be operational 365 days per year, including during the monsoon season. FID is targeted for the end of 2022 with the start of operations 3 years later. Crown LNG will ensure operations and management of the facility over a 25-year lease period following the completion of the terminal.

Edited from Crown LNG press release

 

June 7, 2021

Equinor books terminal capacity at Klaipeda LNG

Klaipėdos Nafta has completed the annual procedure of allocating capacity of Klaipėda LNG terminal for the new gas year starting on October 1, 2021. Customers, including Norwegian energy company Equinor will use the pre-ordered 8.9 TWh LNG terminal regasification capacity during the gas year. Terminal users ordered capacity to meet Lithuania’s demand for gas as well as to supply to Latvia, Estonia and Finland. The remainder of the terminal capacity can also be ordered during the gas year.

Edited from KN press release

 

June 7, 2021

1st tank’s roof lifted at Tianjin Nangang LNG terminal

Beijing Gas Group held the roof airlifting ceremony for the first of ten 220 000 m3 LNG onshore storage tanks under construction for the Tianjin Nangang LNG regasification terminal. The membrane tank incorporates the GST® technology developed by GTT. The first phase of the terminal including 4 tanks is expected to be commissioned during the last quarter of 2022.

Edited from GTT press release

 

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

 

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