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Cheniere and PETRONAS Sign 20-Year LNG SPA

Cheniere Energy Partners, L.P. announced today that its subsidiary Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”) has entered into an LNG sale and purchase agreement (“SPA”) with PETRONAS LNG Ltd. (“PLL”), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. According to the press release, PLL has agreed to purchase approximately 1.1 million tonnes of...

Poland’s PGNiG Finalizes Contract for Port Arthur LNG Supplies

Polish Oil and Gas Company (“PGNiG”) announced that it has signed a 20-year contract with Port Arthur LNG, a subsidiary of Sempra Energy, for the sale and purchase of LNG from the proposed Port Arthur LNG terminal in Jefferson County, Texas. According to the press release, PGNiG will buy 2 million tonnes of LNG annually on a FOB (Free On Board) basis, and will be responsible for...

Tellurian and Vitol sign MOU for 15-year LNG sale

Tellurian Inc. (Tellurian) has announced that its subsidiary, Tellurian Trading UK Ltd. (Tellurian Trading), has entered into a Memorandum of Understanding (MOU) with Vitol Inc. (Vitol) to supply 1.5 million tonnes per annum of LNG from Tellurian Trading’s LNG offtake capacity at the proposed Driftwood LNG export terminal on Calcasieu River in Calcasieu Parish, La. The transaction...

Gail India Looking to Exchange Cove Point LNG Cargoes

Reuters reports that Gail India is looking to exchange three LNG cargoes during the first quarter of 2019. According to the report, Gail is offering one LNG cargo per month from the Dominion Cove Point LNG terminal in Lusby, Md., for loading in the first quarter of 2019, in exchange for corresponding deliveries to India. Gail India has 20-year deals to buy 5.8 million tonnes per year...

Financing a Challenge to European Imports of U.S. LNG

Bloomberg reports that Andree Stracke, chief commercial officer at German company RWE AG’s trading unit, says that one of the challenges in getting U.S. LNG to Europe is a lack of financing. RWE AG is Germany’s biggest power producer which signed two contracts for U.S. LNG supply this year. According to the report, “to minimize price risk, lenders to U.S. projects typically require...

Vitol and Petronas Sign HOA for LNG Canada Supplies

PETRONAS through its subsidiary, PETRONAS LNG Ltd and Vitol Asia Pte Ltd (Vitol) have announced the signing of binding Heads of Agreement (HOA) for a long-term LNG sale and purchase agreement. Under the terms of the agreement, signed on October 1, 2018, the LNG supply to Vitol, commencing in 2024, will be approximately up to 0.8 million tonnes per annum for a period of up to 15 years...

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