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Venture Global LNG Signs Supply Contracts with Polish Oil and Gas

The Houston Chronicle reports that Venture Global LNG has signed two 20-year contracts to provide LNG from its proposed Calcasieu Pass and Plaquemines LNG terminals in Louisiana with the state-run Polish Oil and Gas Company. Under the agreements, each terminal will supply the Polish company with 1 million metric tons of LNG per year. According to the report, the Calcasieu Pass facility...

Tokyo Gas Signs HOA for LNG Canada Purchases

Platts reports that Tokyo Gas Tuesday has signed a heads of agreement (HOA) with Diamond Gas International, the trading arm of Mitsubishi Corporation, to purchase LNG from the proposed LNG Canada project in British Columbia. According to the report, the HOA provides that Tokyo Gas will purchase up to 0.6 million metric tonnes/year from LNG Canada for a period of 13 years, from April...

TransCanada to Construct Pipeline to Feed LNG Canada Facility

TransCanada Corporation announced today that it will proceed with construction of the Coastal GasLink pipeline project to serve LNG Canada’s proposed liquefaction and LNG export facility in Kitimat, British Columbia (B.C.). Today, LNG Canada announced a positive final investment decision to move forward with the project.  According to the press release, “Coastal GasLink is a...

LNG Canada Announces a Positive Final Investment Decision

LNG Canada today announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build the LNG Canada liquefaction and LNG export facility in Kitimat, British Columbia. According to the press release, “[e]ach joint venture participant will be responsible to provide its own natural gas supply...

China Sets 10% Tariff on U.S. LNG Imports

Reuters reports that China has imposed a 10% tariff on U.S. LNG imports effective September 24, 2018. The tariff is less than the expected 25% China had announced earlier. According to the report, the smaller than expected tariff helped lift the stock prices of Cheniere Energy and Golar...

Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced today that its subsidiary Cheniere Marketing, LLC (Cheniere Marketing) has entered into an LNG sale and purchase agreement (SPA) with Vitol Inc. (Vitol).  Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of approximately 15 years beginning in 2018. ...

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