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Europe Now the Top Buyer of U.S. LNG

Reuters reports that due to higher prices paid for U.S. LNG supplies, Europe is now the top buyer of U.S. LNG as reflected in “a near fivefold spike in U.S. LNG sales” to Europe, passing South Korea and Mexico as the top market. Prices for U.S. LNG in Asia recently “fell sharply on lower-than-expected demand.” The article states that the “United States is currently second only to...

DOE Releases U.S. LNG Export Data Through November 2018

The U.S. Department of Energy (DOE) has released data on exports of U.S.-produced LNG covering the period February 2016 through November 2018.  The data show that the top four recipients of U.S. LNG, comprising 58.4% of the total, are (1) South Korea, (2) Mexico, (3) China, and (4) Japan....

Cheniere and PETRONAS Sign 20-Year LNG SPA

Cheniere Energy Partners, L.P. announced today that its subsidiary Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”) has entered into an LNG sale and purchase agreement (“SPA”) with PETRONAS LNG Ltd. (“PLL”), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. According to the press release, PLL has agreed to purchase approximately 1.1 million tonnes of...

Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies

Polish Oil and Gas Company (“PGNiG”) announced that it has signed a 20-year contract with Port Arthur LNG, a subsidiary of Sempra Energy, for the sale and purchase of LNG from the proposed Port Arthur LNG terminal in Jefferson County, Texas. According to the press release, PGNiG will buy 2 million tonnes of LNG annually on a FOB (Free On Board) basis, and will be responsible for...

Tellurian and Vitol sign MOU for 15-year LNG sale

Tellurian Inc. (Tellurian) has announced that its subsidiary, Tellurian Trading UK Ltd. (Tellurian Trading), has entered into a Memorandum of Understanding (MOU) with Vitol Inc. (Vitol) to supply 1.5 million tonnes per annum of LNG from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal on Calcasieu River in Calcasieu Parish, La. The transaction...

Gail India Looking to Exchange Cove Point LNG Cargoes

Reuters reports that Gail India is looking to exchange three LNG cargoes during the first quarter of 2019. According to the report, Gail is offering one LNG cargo per month from the Dominion Cove Point LNG terminal in Lusby, Md., for loading in the first quarter of 2019, in exchange for corresponding deliveries to India. Gail India has 20-year deals to buy 5.8 million tonnes per year...

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