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Reuters: Trump Statement that Europe to Become Massive Buyer of U.S. LNG May Not Pan Out

Reuters reports that contrary to recent statements by European Commission President Jean-Claude Juncker that the EU would build more terminals to handle America’s LNG, and by President Trump that Europe would be a massive buyer of U.S. LNG, the reality is that “three-quarters of Europe’s existing import facilities lie empty while demand for U.S. LNG on the continent remains limited. ...

Cheniere Energy Signs HOA with CPC Corporation, Taiwan

CPC Corporation, Taiwan (CPC) announced that on June 20, 2018, it signed a Heads of Agreement (HOA) with Cheniere Energy, Inc. (Cheniere) for a 25-year LNG sales and purchase collaboration. According to the press release, “the agreement would strengthen CPC’s cooperation with Cheniere with regards to its development of LNG liquefaction and export projects in North...

CME Group and Cheniere Energy to Develop LNG Futures Contract

CME Group has announced that it has reached an agreement with Cheniere Energy, Inc. under which CME Group will develop an LNG futures contract with physical delivery to Cheniere’s Sabine Pass LNG terminal in Cameron Parish,...

Trafigura Signs 3-Year Purchase Contract for Freeport LNG Volumes

Freeport LNG Marketing, LLC, has announced that it has entered into a binding mid-term sales and purchase agreement with Trafigura Pte Ltd (Trafigura) under which Trafigura will purchase 0.5 million tonnes of LNG annually over three years, beginning July 1, 2020, from the Freeport LNG export terminal under construction on Quintana Island near Freeport,...

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...

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