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NextDecade Signs LNG Contract Indexed to Brent Oil Prices

NextDecade Corp., developer of the Rio Grande LNG export project in Brownsville, Texas, announced that it has signed the first long-term contract for LNG to be exported from the United States to be indexed to Brent oil prices. According to the press release, NextDecade signed a 20-year binding sales and purchase agreement (SPA) with Shell NA LNG, LLC for the supply of two million...

Elba Island LNG Exports to Begin Late April 2019

Reuters reports that, because of construction delays, Kinder Morgan has pushed back to late April 2019 the start-up date of the first LNG production train at its Elba Island export terminal near Savannah, Ga. Completion of all ten liquefaction trains proposed for the terminal may not occur until January...

DOE Releases January 2019 U.S. LNG Export Data

The U.S. Department of Energy (DOE) has released data on exports of U.S.-produced LNG through January 2019. The data show the top five countries of destination, representing 54.9% of total U.S. LNG exports, as Japan (17.5 Bcf), South Korea (17.0 Bcf), Mexico (14.3 Bcf), Italy (10.5 Bcf), and the United Kingdom (10.4 Bcf). The data also show that 37 vessel-borne cargoes were shipped...

Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil

The Alaska Gasline Development Corporation, sponsor of the Alaska LNG project, announced that it has “signed an agreement with BP and ExxonMobil to collaborate on ways to advance the Alaska LNG project by working together to identify ways to improve the project’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the...

Cheniere and Bechtel Announce Substantial Completion of CCL Train 1; FERC Authorizes CCL Liquefaction and Export Activities

Today, Cheniere Energy, Inc. (“Cheniere”) and Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) announced that Substantial Completion of Train 1 of the Corpus Christi Liquefaction (“CCL”) project at Corpus Christi, Texas, was achieved on February 28, 2019. “Commissioning is complete and Bechtel has turned over care, custody, and control of Train 1 to Cheniere.”  “Under sale and purchase...

Europe Now the Top Buyer of U.S. LNG

Reuters reports that due to higher prices paid for U.S. LNG supplies, Europe is now the top buyer of U.S. LNG as reflected in “a near fivefold spike in U.S. LNG sales” to Europe, passing South Korea and Mexico as the top market. Prices for U.S. LNG in Asia recently “fell sharply on lower-than-expected demand.” The article states that the “United States is currently second only to...

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