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CCL Cleared to Introduce Feed Gas for Train 1

FERC has issued a letter order granting Corpus Christi Liquefaction, LLC’s (CCL) request to introduce feed gas in support of commissioning activities for Train 1 and the dry flare systems at CCL’s liquefaction and LNG export terminal at Corpus Christi, Texas.
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Cheniere and CPC Sign 25-Year LNG SPA

Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing International LLP has entered into an LNG sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 25 years, beginning in 2021. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a...
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United States and Panama to Sign Regional LNG Expansion Pact

Reuters reports that the United States and Panama will sign an agreement intended to expand private investment to allow greater U.S. LNG access to Latin American countries. Under the proposal, U.S. LNG supplies would be shipped to the new AES Colón LNG terminal in Panama and then distributed to countries the...
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Venture Global LNG Announces Additional $160 Million in Funding

Venture Global LNG, Inc. announced that it has raised additional private capital of approximately $160 million, bringing funding to a total of $630 million to support the development of both the proposed 10 million tonnes per annum (MTPA) Calcasieu Pass liquefaction and export terminal on the Gulf of Mexico and the proposed 20 MTPA Plaquemines LNG liquefaction and export terminal on the Mississippi...
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Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility

Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...
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DOE Releases U.S. LNG Export Data for June 2018

The U.S. Department of Energy (DOE) has released data on U.S. LNG exports covering year to date through June 2018. The data shows the following LNG export shipments from the Dominion Energy Cove Point Terminal in Lusby, Md., which began LNG exporting in March 2018: six shipments to Japan, two each to Jordan and Kuwait, and one each to Argentina, Dominican Republic, Mexico, Pakistan, Panama, and United Kingdom. The shipments total 46,428,159 MMcf, and export point prices ranged from $5.27 to...
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NextDecade Sells $50 Million in Convertible Stock

NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP.  According to the press release, NextDecade intends to use the proceeds of the stock sale to continue developing its proposed Rio Grande LNG terminal facility on the Brownsville, Texas, ship channel, associated pipelines in South Texas, and for general...
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