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Toshiba Signs Agreement with JERA to Market Freeport LNG Supplies

The Japan Times reports that Toshiba has signed a sales and marketing contract with Jera, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power, to help find buyers for 2.2 million tons of LNG Toshiba is under contract to purchase from the Freeport LNG project under construction on Quintana Island in Brazoria County, Texas.  According to the report,...

Alaska in Talks to Purchase ConocoPhillps’ Nikiski LNG Plant

KTVA Alaska reports that Alaska’s state LNG project developer, Alaska Gasline Development Corporation (AGDC), confirmed in a presentation before the Senate Resources Committee yesterday that it is in discussions to purchase ConocoPhillips’ liquefaction and LNG export terminal plant in Nikiski. An AGDC spokeswoman indicated that the Nikiski plant could potentially replace a larger...

Magnolia LNG Signs Heads of Agreement with VGS

Magnolia LNG, LLC (Magnolia), has signed a non-binding Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS), which provides for a 20-year Free-on-Board Sale and Purchase Agreement of up to 4 million metric tonnes per annum from Magnolia’s proposed LNG export terminal at Lake Charles, La.  The HOA contains several conditions precedent.  According to the press...

NextDecade Signs Lease for Potential LNG Terminal

NextDecade, LLC announced it has signed lease agreements with the State of Texas and City of Texas City for an approximately 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar LNG export facility. Texas City owns almost 376 acres at Shoal Point, while the Texas General Land Office manages the adjoining 618 acres of state land.  NextDecade is the...

First U.S. Shale Gas Reaches Japan

Reuters reports that Japan’s JERA Co., a joint venture between Tokyo Electric Power and Chubu Electric Power, has imported the country’s first LNG produced from U.S. shale gas in the lower-48 states.  Historically, Japan has imported U.S. LNG only from Alaska.  According the report, the LNG was produced at Cheniere Energy’s Sabine Pass LNG terminal in Louisiana, was...

State Corporation Takes Over Alaska LNG Project

The Alaska Gasline Development Corporation (AGDC) announced that it has reached an agreement with affiliates of ExxonMobil, BP and ConocoPhillips, whereby AGDC will assume the responsibility for the technical and regulatory activities associated with the proposed Alaska LNG project, consisting of an 800-mile pipeline to access North Slope gas supplies, a liquefaction and LNG export...

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