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Elba Island Project Cleared for Commercial Service

Platts reports that FERC has authorized Kinder Morgan to place the first liquefaction train at its Elba Island, Ga., export terminal into commercial service, “amid consistent LNG production at the facility over the last two weeks.” The report states that no commissioning cargoes have shipped from the facility, and it remained unclear when the first commercial cargo would be ready to...

UK Utility Begins Purchases of Sabine Pass LNG

United Kingdom utility Centrica plc announced it has loaded its first LNG cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Cameron Parish, La., under the agreement signed in 2013 with Cheniere Energy Partners, L.P. The gas was loaded onto the GasLog Ltd chartered Skagen vessel over the weekend and will be transiting the Atlantic to land in Europe in early...

BP Signs LNG Supply Deal with KOGAS

Reuters reports that BP has signed a 15-year LNG supply deal with South Korea’s state-run natural gas company, Korea Gas Corporation (“KOGAS”). The deal could be extended for three years at BP’s option and is estimated to be worth up to $9.61 billion if extended to 18 years. Under the deal, BP will supply 1.58 million tons of LNG per annum beginning in 2025. BP will supply the LNG...

Magnolia LNG to Supply Proposed Vietnamese Power Plant

Magnolia LNG’s parent company, Liquefied Natural Gas Limited, and Delta Offshore Energy (DeltaOE) have announced an alliance with the Bac Lieu Provincial Government in Vietnam to deliver an LNG-to-power project for the province. Magnolia LNG is the developer of a proposed liquefaction and LNG export terminal at Lake Charles, La. The DeltaOE led power project includes the construction...

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.”...

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