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Cheniere Energy Signs Gas Supply Deals Linked to Asian Spot LNG Prices

Reuters reports that Cheniere Energy subsidiaries Corpus Christi Liquefaction and Cheniere Corpus Christi Liquefaction Stage III have signed long-term gas supply deals with shale producer EOG Resources, with some of the gas tied to Asian spot LNG prices. This is the second instance of Cheniere Energy buying gas linked to spot LNG prices. According to the report, the total quantity will...

CME Group to Launch U.S. LNG Futures Contract

Reuters reports that CME Group will launch a futures contract on October 14, 2019, for LNG that is physically delivered at Cheniere Energy’s Sabine Pass export terminal in Cameron Parish, La. The contract will have 24 delivery months, “meaning a market participant in October could buy an August 2020 LNG cargo and trade it up until the delivery date.”...

Cheniere Announces Substantial Completion of Train 2 at the Corpus Christi Liquefaction Project

Cheniere Energy, Inc. announced that Substantial Completion of Train 2 of the Corpus Christi liquefaction project in Corpus Christi, Texas, was achieved on August 28, 2019. “Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) has turned over care, custody, and control of Train 2 to Cheniere.” The press release states that...

Freeport LNG Ships First Commissioning Cargo

Yesterday, Freeport LNG announced that it has shipped the first LNG commissioning cargo from Train 1 from its liquefaction facility located on Quintana Island in Freeport, Texas. According to the press release, Freeport’s Train 2 is advancing pre-commissioning to support an in service date of January 2020. Train 3 is nearing completion to support an in service date of May 2020....

U.S. LNG Exports Now 10% of Global Market

Reuters reports that U.S. exports of LNG now amount to 10% of the global market and, at 22 million tonnes so far this year, are equal to the total volumes exported in 2018. The report states that for the past two months the world’s largest exporters are Australia, Qatar, the United States, Russia and Malaysia. Further, the “U.S. supply surge has depressed global LNG prices, and with...

Cameron LNG Train 1 Begins Commercial Operation

McDermott International, Inc. has announced the beginning of commercial operation of liquefaction Train 1 at Cameron LNG’s facility at Hackberry, La. The terminal is jointly owned by Sempra LNG, LLC, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC....

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