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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.”...

Cameron LNG Authorized to Begin Commercial Service

FERC has approved a request made by Cameron LNG, a Sempra Energy affiliate, to begin commercial liquefaction and LNG export activities from its terminal near Hackberry, La. Read more in the Reuters report....

Polish Company Signs Agreement for Venture Global LNG Supplies

Reuters reports that Polish Oil and Gas Company (PGNiG) has signed an agreement Venture Global LNG to buy 1.5 million metric tons of LNG/year from Venture Global’s proposed Plaquemines terminal located south of New Orleans, La. The agreement builds on PGNiG’s existing commitment to buy 1.0 million metric tons of LNG/year from the Plaquemines terminal. LNG shipments are expected to...

Cheniere Makes Positive FID for Sabine Pass Train 6

Cheniere Energy Partners, L.P. (Cheniere Partners) announced that the Board of Directors of its general partner has made a positive final investment decision (FID) with respect to Train 6 of the Sabine Pass Liquefaction Project (SPL Project) in Cameron Parish, La., and Cheniere Partners has issued full notice to proceed with construction to Bechtel Oil, Gas and Chemicals,...

Cheniere Unit Corpus Christi Stage III and Apache Sign Long-Term Gas Supply Agreement Indexed to Global LNG Prices

Cheniere Energy (Cheniere) announced that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC (Corpus Christi Stage III), has entered into a long-term gas supply agreement (GSA) with Apache Corporation (Apache) under which Apache has agreed to sell 140,000 MMBtu/day of natural gas to Corpus Christi Stage III for a term of approximately 15 years. According to the press...

Total to Acquire Toshiba LNG portfolio

Total announced that it has signed an agreement with Toshiba to acquire its portfolio of LNG, including a 20-year tolling agreement for 2.2 million tonnes per annum of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal. The press release states that “[u]nder the transaction, Total will acquire all the shares...

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