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Gunvor Signs LNG Marketing & Gas Supply Agreement with Commonwealth LNG

Gunvor Group Ltd. (Gunvor) and Commonwealth LNG announced that they have entered into a Strategic LNG Marketing & Gas Supply Agreement in relation to Commonwealth LNG’s proposed liquefaction and LNG export project in Cameron Parish, La. According to the press release, under the agreement, Gunvor will support Commonwealth in securing binding LNG offtake and gas supply agreements for...

Tellurian Signs Agreement to Sell LNG to Petronet

The Economic Times reports that Tellurian Inc., sponsor of the proposed Driftwood LNG export terminal (Driftwood) in Calcasieu Parish, La., has signed an initial agreement (memorandum of understanding) to sell LNG to India’s Petronet LNG. According to the report, Tellurian will deliver the LNG to India at a price of $6/MMBtu, “signalling a much lower price than the ceiling for output...

Elba Island Begins Commercial Operation

Platts reports that the relatively small (nameplate capacity approximately 33 MMcf/day) Elba Island liquefaction and export terminal near Savannah, Ga., has begun commercial operation. According to the report, the Elba Island facility is supported by a 20-year contract with Shell, which will take 100% of the liquefaction capacity of the terminal....

Elba Island Project Cleared for Commercial Service

Platts reports that FERC has authorized Kinder Morgan to place the first liquefaction train at its Elba Island, Ga., export terminal into commercial service, “amid consistent LNG production at the facility over the last two weeks.” The report states that no commissioning cargoes have shipped from the facility, and it remained unclear when the first commercial cargo would be ready to...

UK Utility Begins Purchases of Sabine Pass LNG

United Kingdom utility Centrica plc announced it has loaded its first LNG cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Cameron Parish, La., under the agreement signed in 2013 with Cheniere Energy Partners, L.P. The gas was loaded onto the GasLog Ltd chartered Skagen vessel over the weekend and will be transiting the Atlantic to land in Europe in early...

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...

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