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Rio Grande LNG EPC Contract Now Expected Third Quarter 2019

Platts reports that NextDecade has decided not to move forward with an engineering, procurement and construction (EPC) contract with McDermott International for NextDecade’s proposed Rio Grande LNG project on the Brownsville, Texas Ship Channel.  An EPC contract is now expected to be reached in the third quarter of 2019 after competitive bidding process and prior to a final investment...

Cheniere and CPC Sign 25-Year LNG SPA

Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing International LLP has entered into an LNG sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 25 years, beginning in 2021. The purchase price for LNG is...

United States and Panama to Sign Regional LNG Expansion Pact

Reuters reports that the United States and Panama will sign an agreement intended to expand private investment to allow greater U.S. LNG access to Latin American countries. Under the proposal, U.S. LNG supplies would be shipped to the new AES Colón LNG terminal in Panama and then distributed to countries the...

Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility

Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...

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...

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