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DOE Releases 2018 LNG Export Study

Yesterday, the U.S. Department of Energy (DOE) published a notice requesting public comment on a new study entitled Macroeconomic Outcomes of Market Determined Levels of U.S. LNG Exports (Study). According to the notice, DOE commissioned the Study to inform DOE’s Office of Fossil Energy’s decisions on applications seeking authorization to export domestically produced LNG from the...

Cheniere Energy Makes Positive FID for Corpus Christi Train 3

Cheniere Energy, Inc. (Cheniere) has announced that its Board of Directors has made a positive Final Investment Decision (FID) for Train 3 at Cheniere’s Corpus Christi liquefaction project under construction in Corpus Christi, Texas.  According to the press release, this represents the first FID on new liquefaction capacity in the United States since 2015.  Cheniere Corpus Christi...

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...

CFTC Releases Report on LNG Markets

Today, the U.S. Commodity Futures Trading Commission (CFTC) issued a report assessing the market impacts due to the United States transitioning from being a net importer to a net exporter of LNG in 2016. The three main takeaways of this report are: Global LNG trade growth is expected to continue with U.S. LNG exports having the most rapid growth rate and a competitive price advantage....

Venture Global LNG Signs SPA with Portugese-based Galp

Venture Global LNG has announced that its subsidiary, Venture Global Calcasieu Pass, LLC, and Portugese energy company Galp, have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum of LNG from the proposed Venture Global Calcasieu Pass LNG export facility in Cameron Parish, La.  Under the agreement, Galp will purchase the LNG on a...

Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales

Pieridae Energy Limited has announced that it has entered into a term sheet to negotiate a binding LNG sale and purchase agreement (SPA) to supply LNG to Europe from the second train of the proposed Goldboro liquefaction facility in Nova Scotia. Under the SPA term sheet with Pieridae, the unnamed offtaker will purchase up to 1 million tonnes per annum of LNG over a 10-year period...

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