LNG
Venture Global Announces New Sales Agreements for Plaquemines and CP2 LNG, Releases Update on Pre-FID Milestones
Today, Venture Global LNG announced that it has executed two new long-term 20-year Sales and Purchase Agreements (SPAs) with New Fortress Energy Inc., including 1 million tonnes per annum (MTPA) from Plaquemines LNG and 1 MTPA from CP2 LNG. This is the first SPA for the CP2 LNG facility, which the company expects to commence construction on in 2023. With these agreements, Venture Global has now executed over 80% of long-term 20-year contracts signed by US LNG companies since 2017.
Online Exclusive (Opinion): Security for U.S. and Europe begins with new energy policy
It is high time that the U.S. forges a new energy policy based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas. Public lands have been made off-limits for drilling. The cancellation of the Keystone XL pipeline, and restrictions on other pipelines, have blocked the efficient U.S. distribution and export of energy. FERC approvals and EPA requirements have hampered the development of several gas export projects. Only the Russian assault on Ukraine has stopped Nord Stream 2, and that from Germany—not the U.S.
Online Exclusive (Opinion): Security for U.S. and Europe begins with new energy policy
It is high time that the U.S. forges a new energy policy based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas. Public lands have been made off-limits for drilling. The cancellation of the Keystone XL pipeline, and restrictions on other pipelines, have blocked the efficient U.S. distribution and export of energy. FERC approvals and EPA requirements have hampered the development of several gas export projects. Only the Russian assault on Ukraine has stopped Nord Stream 2, and that from Germany—not the U.S.
Cheniere and Engie Increase Volume and Extend Term of LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Corpus Christi Liquefaction, LLC, has agreed with Engie SA to amend the liquefied natural gas (“LNG”) sale and purchase agreement (as amended, the “SPA”) the parties previously entered into in June 2021.
Venture Global LNG Expands LNG Partnership With Shell
Today, Venture Global LNG announced the execution of a new long-term 20-year Sales and Purchase Agreement (SPA) with Shell NA LNG LLC (Shell) for the supply of 2 million tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility. This new deal builds on Shell’s existing contract for 2 MTPA from the Calcasieu Pass LNG export terminal, bringing Shell’s total long-term offtake from Venture Global’s facilities to 4 MTPA.
Cheniere Signs EPC Contract with Bechtel for the Corpus Christi Stage III Project and Issues Limited Notice to Proceed to Commence Construction
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC, has entered into a lump sum, turnkey, engineering, procurement and construction (“EPC”) contract with Bechtel for the Corpus Christi Stage III Project. In addition, CCL Stage III has released Bechtel to commence early engineering, procurement and other site work at the Corpus Christi Stage III Project under a limited notice to proceed (“LNTP”).
Venture Global LNG and JERA Announce Departure of Inaugural Commissioning Cargo From Calcasieu Pass
Today, Venture Global LNG and JERA Global Markets Pte. Ltd., a trading subsidiary of JERA Co., Inc., announced the successful loading and departure of the first cargo of liquefied natural gas (LNG) produced at the Calcasieu Pass LNG export facility in Cameron, LA. The LNG was loaded on the Yiannis, chartered by JERA Global Markets. Calcasieu Pass now holds the global record for the fastest large-scale greenfield LNG facility to ever be built, moving from FID to LNG production in just 29 months. It is also one of the first greenfield LNG export projects to ever be constructed in the United States.
Shell intends to exit equity partnerships held with Gazprom entities
The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.
ConocoPhillips Completes Purchase of Additional 10% Shareholding Interest in APLNG
ConocoPhillips today announced through its Australian subsidiary that it has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips’ preemption right and is funded from cash on the company’s balance sheet.
McDermott's CB&I Named Tank Contractor for Venture Global's Plaquemines LNG Phase One Project
McDermott's storage business, CB&I, has been awarded a contract by Venture Global Plaquemines LNG for two 200,000 cubic-meter liquefied natural gas (LNG) storage tanks as part of the first phase of the Plaquemines LNG export project.
Woodside and Commonwealth LNG Sign HOA for LNG Supply
Woodside Energy Trading Singapore Pte Ltd has signed a heads of agreement (HOA) with Commonwealth LNG to negotiate a sale and purchase agreement for the supply of LNG from the proposed Commonwealth LNG development in Cameron, Louisiana.
NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project.
NOVATEK and Zhejiang Energy Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project.
McDermott Awarded Mega EPCI Projects by QatarEnergy
McDermott International continues its winning streak in the Middle East with a mega offshore contract from QatarEnergy, a long standing key customer, to deliver engineering, procurement, construction and installation (EPCI) for the North Field East (NFE) Topsides and the North Field East (NFE) Offshore Pipelines and Subsea Cables projects, with an option included to also award the North Field South (NFS) Offshore Topsides—representing one of the largest single contracts McDermott has been awarded in its company history.
Johnson Matthey launches HyCOgen
Johnson Matthey, a global leader in sustainable technologies, has launched an innovative technology – HyCOgenTM – designed to play a pivotal role in enabling the conversion of captured carbon dioxide (CO2) and green hydrogen into sustainable aviation fuel (SAF). By combining HyCOgen with the award-winning FT CANS Fischer Tropsch technology (developed in collaboration with bp), Johnson Matthey offers an integrated, scalable solution for use in the efficient and cost-effective production of renewable power based SAF.
Chart Industries Awarded Four Hydrogen and Small-Scale LNG Liquefaction Orders Totaling Over $120 Million
Chart Industries, Inc., a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, was awarded over $120 million of orders for four liquefaction projects, with four different customers over the past week. Additionally, this past week we have received releases on engineering work (Limited Notice to Proceed) on two of the big LNG export terminal projects expected to proceed to Final Investment Decision in 2022
Venture Global LNG and CNOOC Gas & Power Announce LNG Sales and Purchase Agreements
Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA).
Pavilion Energy, QatarEnergy And Chevron Launch GHG Reporting Methodology For Delivered LNG Cargoes
Pavilion Energy Trading & Supply Pte. Ltd., QatarEnergy and Chevron U.S.A. Inc today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.
An Unremarkable Year?
The year 2021 is unlikely to go down in history as a particularly memorable one for the world of liquefied natural gas.
QatarEnergy announces long-term LNG supply agreement with China’s S&T International
QatarEnergy announced today that its LNG producing affiliate, Qatar Liquified Gas Company Limited (2), entered into a long-term Sale and Purchase Agreement (SPA) with S&T International Natural Gas Trading Company Limited (S&T) for the supply of one million tons per annum of LNG to China over a 15-year period starting in late 2022.
QatarEnergy announces long-term LNG supply agreement with China’s Guangdong Energy Group
QatarEnergy announced today that its LNG producing affiliate, Ras Laffan Liquefied Natural Gas Company Limited, entered into a long-term Sale and Purchase Agreement (SPA) with Guangdong Energy Group Natural Gas Co., Ltd. (GEG) for the supply of one million tons per annum of LNG to China over a 10-year period starting in 2024.
Venture Global and Louisiana Governor John Bel Edwards Announce Proposed CP2 LNG Export Facility
Venture Global LNG and Louisiana Governor John Bel Edwards announced the company will invest more than $10 billion to develop a fourth LNG export facility in the State of Louisiana.
Petronas Awards FEED Contracts for Sabah's Nearshore LNG Project
Petronas has awarded two Front End Engineering Design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to SAIPEM Spa as part of an international dual FEED design competition for a nearshore liquefied natural gas (LNG) project in Sabah.
McDermott Eyes Net-Zero LNG
McDermott, a fully-integrated provider of engineering and construction solutions to the energy industry, has completed an LNG construction study on behalf of Shell Global Solutions, looking towards net-zero construction emissions.
Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing International, LLP, has entered into a binding 20-year liquefied natural gas sale and purchase agreement with Foran Energy Group Co., Ltd. The SPA follows a Heads of Agreement signed between subsidiaries of Cheniere and Foran in November of 2020.
Sval Energi and Storegga join forces to explore carbon storage on the NCS
Sval Energi has entered into an agreement with Storegga Geotechnologies Ltd (Storegga) to explore joint business opportunities for carbon storage on the Norwegian Continental Shelf (NCS). Enters agreement to explore CO2 storage opportunities off the coast of Norway Shared goal of being awarded licenses to store CO2 below the seabed Combines Storegga's carbon capture and storage (CCS) expertise and Sval's vast NCS knowledge and strong business development skills. The purpose of the agreement is to establish a common platform to secure the award of CO2 storage licenses on the NCS through identifying carbon storage opportunities and building a robust business case.
Woodfibre LNG awards EPFC contract to McDermott
Woodfibre LNG has signed an Engineering, Procurement, Fabrication, and Construction (EPFC) contract with McDermott International. The EPFC contract is an important step in advancing detailed engineering and construction scheduling work in advance of Woodfibre LNG issuing a notice to proceed.
Scarborough and Pluto Train 2 Developments Approved
Final investment decisions have been made to approve the Scarborough and Pluto Train 2 developments, including new domestic gas facilities and modifications to Pluto Train 1
Air Liquide and BASF welcome support from European Innovation Fund for joint CCS project
Air Liquide and BASF are planning to develop the world’s largest cross-border Carbon Capture and Storage (CCS) value chain. The goal is to significantly reduce CO2 emissions at the industrial cluster in the port of Antwerp. The joint project “Kairos@C” has been selected for funding by the European Commission through its Innovation Fund, as one of the seven large-scale projects out of more than 300 applications.
Woodside Agrees to Sell 49% Stake in Pluto Train 2 to GIP
Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49% non-operating participation interest in the Pluto Train 2 Joint Venture.
