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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...

Financing a Challenge to European Imports of U.S. LNG

Bloomberg reports that Andree Stracke, chief commercial officer at German company RWE AG’s trading unit, says that one of the challenges in getting U.S. LNG to Europe is a lack of financing. RWE AG is Germany’s biggest power producer which signed two contracts for U.S. LNG supply this year. According to the report, “to minimize price risk, lenders to U.S. projects typically require...

Vitol and Petronas Sign HOA for LNG Canada Supplies

PETRONAS through its subsidiary, PETRONAS LNG Ltd and Vitol Asia Pte Ltd (Vitol) have announced the signing of binding Heads of Agreement (HOA) for a long-term LNG sale and purchase agreement. Under the terms of the agreement, signed on October 1, 2018, the LNG supply to Vitol, commencing in 2024, will be approximately up to 0.8 million tonnes per annum for a period of up to 15 years...

Commissioning Continues at Corpus Christi LNG Terminal

Platts reports that deliveries of feed gas to Cheniere Energy’s Corpus Christi LNG terminal have increased recently as efforts are intensified to load the first full cargo of LNG for export from the terminal. Platts predicts the cargo may go to Europe because of higher LNG prices than the Far...

Cheniere Energy Signs LNG SPA with Polish Gas Company

Cheniere Energy, Inc. has announced that, as of this month, it has “entered into a 24-year LNG Sale and Purchase Agreement (“SPA”) with Polish state-owned oil and gas company Polskie Gornictwo Naftowe i Gazownictwo S.A. . . . for the sale of approximately 1.45 million tonnes per annum of LNG on a delivered ex-ship basis. Deliveries will commence in 2019, with the full...

Toshiba to Exit U.S. LNG business

Reuters reports that Toshiba Corp will sell its Toshiba America LNG Corp unit to ENN Ecological, a unit of ENN Group, for $15 million. According to the report, “Toshiba will then make a one-off payment of $821 million to ENN to pass on its roughly $7 billion commitment, starting in 2020, to purchase 2.2 million tonnes per year of LNG over 20 years” from the Freeport LNG liquefaction...

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