LNG

Venture Global Announces LNG Sales and Purchase Agreements with Chevron

Venture Global announced the execution of two long-term Sales and Purchase Agreements (SPAs) for the purchase of two million tonnes per annum (2MTPA) of liquefied natural gas (LNG) for 20 years. Under the agreements, Chevron U.S.A. Inc. will purchase 1MTPA from the Plaquemines LNG facility and 1MTPA from CP2 LNG. Plaquemines LNG has been under full construction since August of 2021 and the construction of CP2 LNG is expected to commence in 2023.

Cheniere Announces Positive Final Investment Decision on the Corpus Christi Stage 3 Liquefaction Project

Cheniere Energy, Inc. announced today that its Board of Directors has made a positive Financial Investment Decision (“FID”) with respect to the 10+ million tonnes per annum of LNG Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”) and has issued full notice to proceed to Bechtel Energy Inc. to continue construction on CCL Stage 3, which began earlier this year under limited notice to proceed.

Cheniere and Chevron Sign Long-Term LNG Sale and Purchase Agreements

Cheniere Energy, Inc. announced today that two of its subsidiaries, Sabine Pass Liquefaction, LLC and Cheniere Marketing, LLC, have each entered into long-term liquefied natural gas sale and purchase agreements with Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron Corporation. At plateau, Chevron will purchase a combined 2.0 million tonnes per annum of LNG from Cheniere subsidiaries, subject to certain conditions.

INEOS Enters the Liquified Natural Gas (LNG) Market with a 1.4 Million Tonne per Annum Agreement with Sempra Infrastructure

INEOS Energy has today signed a Heads-of-Agreement with Sempra Infrastructure for the potential supply of 1.4 million tonnes per annum of LNG from North America for 20 years.

QatarEnergy Selects ExxonMobil as the Fourth Partner in the North Field East Expansion Project

QatarEnergy announced that it has selected ExxonMobil as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.

Venture Global and EnBW Announce LNG Sales and Purchase Agreements

Venture Global LNG and EnBW announced the execution of two long-term Sales and Purchase Agreements (SPAs) for 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s Plaquemines and CP2 facilities, starting 2026. According to the agreement, EnBW will purchase 0.75 MTPA from Plaquemines LNG and 0.75 MTPA from CP2 LNG for 20 years. EnBW becomes the next European customer of Venture Global, who already announced agreements with PGNiG, BP, Shell, Repsol, Edison and GALP.

QatarEnergy Selects ConocoPhillips as the Third Partner in the North Field East Expansion Project

QatarEnergy announced that it has selected ConocoPhillips as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.

QatarEnergy Selects Eni as the Second Partner in the North Field East Expansion Project

QatarEnergy announced that it has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry.

Coral South Introduces Hydrocarbons to FLNG Offshore Mozambique

Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners ExxonMobil, CNPC, GALP, KOGAS and ENH, announces that the Coral South Project has safely achieved the introduction of hydrocarbons to the Coral Sul Floating Liquefied Natural Gas (FLNG) plant from the Coral South reservoir offshore Mozambique.

Freeport LNG Provides Update on June 8 Incident at its Liquefaction Site

Freeport LNG Development, L.P. is providing the following update on the June 8 incident at its Quintana Island liquefaction facility

Qatar: TotalEnergies the First Company Selected to Partner with QatarEnergy on the Giant North Field East LNG Project

Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The new JV will hold a 25% interest in the 32 million tons per annum (Mtpa) NFE project, equivalent to one 8 Mtpa LNG train.

Equinor Signs Long-Term LNG Purchase Agreement with Cheniere

Equinor and Cheniere have announced a 15-year purchase agreement of around 1.75 million tonnes of LNG per year starting from 2026.

Significant LNG Project in Qatar Looks to Add Supermajors as Partners

Qatar Energy recently stated that it is holding a press conference on June 12, and this has been anticipated by some as a potential announcement that the massive North Field East LNG project would be adding new partners to the upcoming offshore project.

Freeport LNG Plant Suffers Explosion, Nearby Residents Evacuated, Police Say

A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby residents in Quintana, Texas.

Cheniere and POSCO International Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with POSCO International Corporation, a subsidiary of POSCO Holdings, Inc., South Korea’s largest steelmaker and owner of South Korea’s first private LNG terminal.

Venture Global Announces Final Investment Decision and Financial Close for Plaquemines LNG

Today Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $13.2 billion project financing for the initial phase (an upsized 13.33 MTPA) of the Plaquemines LNG facility and the associated Gator Express pipeline. This transaction represents the largest project financing in the world closed to date in 2022. The proceeds of the debt and equity financing fully fund the balance of construction and commissioning of the initial phase. This is the first LNG project located in the United States to reach financial close since Venture Global’s Calcasieu Pass facility in August 2019.

Sempra Infrastructure and RWE Sign Heads of Agreement for U.S. LNG Supply

Sempra Infrastructure, a subsidiary of Sempra today announced it has entered into a heads of agreement (HOA) with RWE Supply & Trading, a subsidiary of RWE, for the purchase of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG). The LNG is to be supplied on a long-term, free-on-board basis from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas.

Nutrien Announces Intention to Build Clean Ammonia Production Facility

Nutrien Ltd. announced that it is evaluating Geismar, LA as the site to build the world’s largest clean ammonia facility. Building on the company’s expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90 percent reduction in CO2 emissions. The project will proceed to the front-end engineering design (FEED) phase, with a final investment decision expected to follow in 2023. If approved, construction of the approximately US$2 billion facility would begin in 2024 with full production expected by 2027.

TotalEnergies Signs LNG Long-Term Sale Contract with Hanwha Corporation

Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024.

Sempra Infrastructure Signs Participation Agreement with TotalEnergies, Mitsui, Mitsubishi for Carbon Sequestration Project in Louisiana

Sempra Infrastructure, a subsidiary of Sempra, today announced it has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana.

Excelerate Energy and Gasgrid Finland Sign FSRU Charter Agreement

Excelerate Energy, Inc. and a subsidiary of Gasgrid Finland Oy today signed a ten-year contract in Helsinki to charter a floating storage and regasification vessel (FSRU) that will provide flexible, reliable, and secure liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.

Sempra Infrastructure and PGNiG Advance North American LNG Alliance

Sempra Infrastructure, a subsidiary of Sempra, and the Polish Oil & Gas Company (PGNiG) today announced they have entered into a heads of agreement (HOA) for the purchase of approximately 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) delivered free-on-board from Sempra Infrastructure's portfolio of LNG projects in North America.

ADNOC Pushes Forward with Fujairah LNG Export Terminal

McDermott International recently announced that it will be the design contractor for the upcoming Abu Dhabi National Oil Co. (ADNOC) owned LNG export terminal currently under development in the port of Fujairah, UAE.

Venture Global and Petronas Announce Sales and Purchase Agreement

Venture Global LNG and PETRONAS LNG Ltd., a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS, announced the execution of a new 20-year Sales and Purchase Agreement (SPA) for the purchase of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s Plaquemines LNG facility. With this agreement, Venture Global has now announced 20-year sales for 16 MTPA of the 20 MPTA nameplate capacity at Plaquemines LNG.

Venture Global Announces LNG Sales and Purchase Agreements with ExxonMobil

Venture Global LNG announced the execution of two new long-term Sales and Purchase Agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG). Under the agreements, the ExxonMobil affiliate will purchase 1 MTPA from the Plaquemines LNG facility (Plaquemines) as well as 1 MTPA from the CP2 LNG facility (CP2). This is the second supply agreement for CP2, which is expected to commence construction in 2023. Both facilities will replicate the same successful innovative design seen in operation today at Calcasieu Pass, where speed of execution resulted in the production of first LNG only 29 months after FID.

Uniper to build Germany's first LNG terminal – aim is to diversify natural gas supply sources

At a press conference in Wilhelmshaven today, several important news items for Germany's energy future were announced: Federal Minister Robert Habeck and the Lower Saxony Ministers Olaf Lies and Bernd Althusmann set the "first pile driving" for the construction of the first terminal for liquefied natural gas (LNG) in Germany. Uniper, as builder and operator of the terminal, will invest around €65 million.

Energy Transfer Signs LNG Sale and Purchase Agreement With SK Gas Trading LLC

Energy Transfer LP today announced the execution of a long-term Sale and Purchase Agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum of LNG from Energy Transfer’s Lake Charles LNG export facility.

Energy Transfer Signs LNG Sale and Purchase Agreement With Gunvor

Energy Transfer LP and Gunvor Group Ltd today announced that Gunvor Singapore Pte Ltd has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC, a subsidiary of Energy Transfer LP, related to its Lake Charles LNG project.

NextDecade and ENGIE Execute 1.75 MTPA LNG Sale and Purchase Agreement

NextDecade Corporation announced today the execution of a 15-year sale and purchase agreement (“SPA”) with ENGIE S.A. for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

New Orders Grant Expanded Exports to Non-Free Trade Agreement Countries From Two Previously Authorized Projects in Texas and Louisiana

The U.S. Department of Energy (DOE) today issued two long-term orders authorizing an additional 0.5 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) exports from two LNG export projects: Golden Pass LNG in Texas and Magnolia LNG in Louisiana.