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Jordan Cove LNG signs sales agreements

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LNG Industry,


Reuters is reporting that Jordan Cove LNG has signed non-binding sales agreements for a total quantity of LNG that is greater than its planned export capacity of 7.5 million tpy.

The agreements amount to a quantity of 11 million tpy of LNG to be sold to buyers in initial contracts, according to the senior vice president of marketing and new ventures for Pembina Pipeline Corp (the company who own the Jordan Cove project), Stuart Taylor.

Taylor also reported, when questioned on the subject, that there was “a good chance” that some of this exported LNG would be delivered to China.

Additional remarks from Taylor included statements alluding to expectations that the company is looking to make some of these deals binding in the next few months. Pembina is also reportedly seeking a partner for the project but is reportedly yet to start any equity sale conversations.

The Jordan Cove project has a startup date of 2024, and the US Federal Energy Regulatory Commission (FERC) is expecting to decide on approval for Jordan Cove by November.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07032019/jordan-cove-lng-signs-sales-agreements/

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