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Chevron to Reduce Funding for Proposed Kitimat LNG Terminal

Chevron announced that “[a]s a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appalachia shale, Kitimat LNG, and other international projects. Chevron is evaluating its strategic alternatives for these assets, including...

FERC Chairman Meets with Polish Counterpart to Discuss LNG

Last week, FERC Chairman Neil Chatterjee met with Rafał Gawin, President of the Polish Energy Regulatory Office, to discuss, among other things, development of the LNG sector in the United States and Europe.  

Gunvor Signs LNG Marketing & Gas Supply Agreement with Commonwealth LNG

Gunvor Group Ltd. (Gunvor) and Commonwealth LNG announced that they have entered into a Strategic LNG Marketing & Gas Supply Agreement in relation to Commonwealth LNG’s proposed liquefaction and LNG export project in Cameron Parish, La. According to the press release, under the agreement, Gunvor will support Commonwealth in securing binding LNG offtake and gas supply agreements for...

Tellurian Signs Agreement to Sell LNG to Petronet

The Economic Times reports that Tellurian Inc., sponsor of the proposed Driftwood LNG export terminal (Driftwood) in Calcasieu Parish, La., has signed an initial agreement (memorandum of understanding) to sell LNG to India’s Petronet LNG. According to the report, Tellurian will deliver the LNG to India at a price of $6/MMBtu, “signalling a much lower price than the ceiling for output...

Elba Island Begins Commercial Operation

Platts reports that the relatively small (nameplate capacity approximately 33 MMcf/day) Elba Island liquefaction and export terminal near Savannah, Ga., has begun commercial operation. According to the report, the Elba Island facility is supported by a 20-year contract with Shell, which will take 100% of the liquefaction capacity of the terminal....

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...

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