Elba Island Begins Commercial Operation
Posted on Oct 4, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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
Posted on Oct 2, 2019 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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
Posted on Oct 2, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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
Posted on Sep 30, 2019 in LNG Exports, Markets and Competition | Comments Off on 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
Posted on Sep 18, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on 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
Posted on Sep 18, 2019 in Markets and Competition | Comments Off on 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...