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Supply Contracts

Gazprom M&T signs NBP-linked supply deal with Centrica

Gazprom Marketing & Trading has signed its longest ever fully hub-indexed supply contract after agreeing to supply the UK’s Centrica with 2.4 billion cubic metres per year for three years beginning in 2014.

21 September 2012
Regasification

Taipower restarts uphill battle for LNG terminal

Dependent on China Petroleum Corp. for all its gas, rising fuel costs and sluggish tariff reforms have made Taiwan’s main power utility eager to import its own LNG.

21 September 2012
Liquefaction

Angola LNG readies first export cargo for spot market

Angola LNG has begun tendering for spot cargoes and mid-term deals ahead of exports commencing in October, sources have told Interfax.

21 September 2012
Regasification

Japanese LNG imports, prices drop in August

Japan’s LNG imports dropped for the first time year-on-year in August, as softening contract and spot prices also reversed an upward trend in the average cost of the country’s imports.

20 September 2012
Liquefaction

Conoco interested in adding second liquefaction train to Darwin LNG plant

ConocoPhillips is “very interested” in adding a second liquefaction train to its operational Darwin LNG plant in the Northern Territory, Todd Creeger, Conoco’s Australian business unit president, told reporters on Wednesday, according to the Sydney Morning Herald.

20 September 2012
Supply Contracts

Gazprom M&T signs contract with UK's Centrica for 2.4 bcm of gas

Gazprom Marketing & Trading has secured a contract with the UK’s Centrica for 2.4 bcm of gas, Centrica said on Thursday.

20 September 2012
Liquefaction

US LNG report delay may have small effect on schedules

Delay to a United States Department of Energy report determining if additional LNG exports to non-free trade agreement countries will be permitted may have a limited impact on LNG project timelines.

20 September 2012
Shipping & Transport

CNOOC's Ningbo terminal receives first cargo from Qatar

China National Offshore Oil Corp.’s LNG import terminal in the port city of Ningbo received its first shipment of Qatari LNG on Wednesday, a source with the Ningbo Maritime Safety Administration confirmed with Interfax on Thursday.

20 September 2012
Liquefaction

US election to delay decision on non-FTA LNG exports

The US Department of Energy’s determination of public interest for LNG exports to non-FTA countries will be delayed until after the November presidential elections, pushing new approvals into 2013.

19 September 2012
Regasification

Brunei looking at downstream investments in Philippines

Brunei has expressed interest in downstream gas investments on the island of Mindanao in the Philippines, according to the head of the Philippines Department of Energy.

19 September 2012
Supply Contracts

Tepco may source LNG from North America

Tepco is in talks to source LNG from North America, a representative of the company told Interfax on Tuesday.

18 September 2012
Liquefaction

LNG the shining light in gloomy Aussie commodity market

While LNG export volumes continue to rise – driving Australia’s total export volumes higher – the increased revenues this provides are unable to offset falling prices in other commodities.

18 September 2012
Regasification

South Korean LNG imports up in August

South Korean LNG imports hit 2.53 million tons (mt) in August this year, as higher average temperatures pushed up demand for air conditioning.

18 September 2012
Regasification

Japan utilities’ LNG imports up in August

Japan’s 10 largest utilities imported 5.31 million tons (mt) of LNG in August, data from the Federation of Electric Power Companies released on Friday showed.

17 September 2012
Regasification

Croatian, Polish TSOs sign deal to connect LNG import terminals

Polish transmission system operator Gaz-System signed an agreement with its Croatian counterpart Plinacro in Zagreb on Thursday to jointly develop a North-South Gas Corridor in Central and Eastern Europe (CEE) linking two LNG import terminals.

14 September 2012
Regasification

Enagás picks up 20% of Chilean LNG terminal

The value of the deal is in line with BG Group’s announcement earlier this year that it would sell its 40% interest in GNL Quintero to Enagas for up to $352 million.

14 September 2012
Supply Contracts

Gulf Coast impact on Asian gas supplies questioned

US gas production will begin to reach global markets as soon as 2015. While it is assumed that these supplies will meetbooming Asian demand, some question the viability of these plans

14 September 2012
Liquefaction

A third gas corridor: prospects for the East Med

Harris Samaras, chairman of Pytheas, has been following the developments of the East Mediterranean gas market closely. He talks to Interfax about the possibility, and importance, of this new supply source to Europe.

14 September 2012
Supply Contracts

Total signs offtake agreement with Kogas for US LNG

Total Gas & Power has signed an agreement with Kogas to buy 0.7 million tons per annum of LNG from Cheniere Energy’s Sabine Pass liquefaction plant in Louisiana, the French major announced on Thursday.

13 September 2012
Liquefaction

Asian companies interested in Kitimat stakes - Apache exec

The partners behind Canada’s Kitimat LNG export project have reported strong interest from Asia for equity stakes in the plant.

13 September 2012

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