BP Signs LNG Supply Deal with KOGAS
Posted on Sep 30, 2019 in LNG Exports, Markets and Competition | Comments Off on BP Signs LNG Supply Deal with KOGAS
Reuters reports that BP has signed a 15-year LNG supply deal with South Korea’s state-run natural gas company, Korea Gas Corporation (“KOGAS”). The deal could be extended for three years at BP’s option and is estimated to be worth up to $9.61 billion if extended to 18 years. Under the deal, BP will supply 1.58 million tons of LNG per annum beginning in 2025. BP will supply the LNG...
BP Publishes LNG Master Sales and Purchase Contract Templates
Posted on Aug 16, 2019 in Liquefaction, Markets and Competition | Comments Off on BP Publishes LNG Master Sales and Purchase Contract Templates
Reuters reports that BP has published its master sales and purchase contract templates for its LNG trading business which it hopes will “contribute to the broader discussion around standardization and liquidity for LNG transactions.”...
BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Posted on May 31, 2019 in Federal Regulation, Liquefaction, LNG Exports, State and Local Issues | Comments Off on BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG...
Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
Posted on Mar 12, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
The Alaska Gasline Development Corporation, sponsor of the Alaska LNG project, announced that it has “signed an agreement with BP and ExxonMobil to collaborate on ways to advance the Alaska LNG project by working together to identify ways to improve the project’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the...
Venture Global Enters Into SPA with BP
Posted on May 25, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global Enters Into SPA with BP
Venture Global Calcasieu Pass, LLC has announced that it has entered into a 20-year Sales and Purchase Agreement (SPA) with BP for the supply of two million tonnes per annum of LNG from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, La. Under the SPA, BP will purchase LNG on a free on board basis (FOB) for a 20-year term starting...