Toshiba Signs Agreement with JERA to Market Freeport LNG Supplies
Posted on Jan 24, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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
Posted on Jan 24, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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 LNG...
Magnolia LNG Signs Heads of Agreement with VGS
Posted on Jan 24, 2017 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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 release,...
Lloyds Energy Group Files FTA LNG Export Application
Posted on Jan 18, 2017 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Lloyds Energy Group Files FTA LNG Export Application
Lloyds Energy Group LLC (Lloyds) has filed an application with the U.S. Department of Energy for authorization to export up to 9 million metric tons per annum (1.25 Bcf/day) of domestically produced LNG over a 25-year period. Lloyds intends to export the LNG to nations having a Free Trade Agreement (FTA) with the United States from two floating liquefaction, storage, and offloading...
NextDecade Signs Lease for Potential LNG Terminal
Posted on Jan 18, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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...