Following the news that China National Offshore Oil Corp. has invoked force majeure on several LNG deliveries, Rob Patterson and Myles Mantle, London Partners at law firm Haynes and Boone, have offered their insights.
According to Reuters, China National Offshore Oil Corp. has declared force majeure on several prompt LNG deliveries from at least three different suppliers.
According to Reuters, an executive at Cheniere has revealed that the company’s sole Chinese contract customer continues to take committed LNG supplies.
Total has announced that it has divested its 27.5% interest in Fosmax LNG – the operator of the Fos Cavaou LNG terminal – as a result of a competitive sale process to Elengy, Fosmax LNG’s shareholder with a 72.5% stake, that exercised its pre-emption right.
Adriatic LNG has reported strong results for 2019, a year in which it celebrated its 10th anniversary and achieved new activity records.
According to Reuters, an LNG tanker that had been travelling to China has been diverted, most likely due to lower demand caused by the coronavirus situation.
According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.
AB Klaipedos nafta has signed an agreement for the provision of operations and maintenance services in connection with a Brazilian LNG terminal.
Qatargas Operating Co. Ltd has announced that it has supplied a commissioning LNG cargo for India’s newest LNG receiving terminal, Mundra, located on the west coast of India.
AB Klaipedos nafta has announced its unaudited financial results for 2019.
According to Reuters, Europe’s LNG imports are expected to increase to nearly 100 million t this year.
Excelerate Energy L.P. has signed a heads of agreement with Engro Elengy Terminal Ltd for the expansion of the EETL LNG import terminal located in Port Qasim, Pakistan.
Bahrain LNG W.L.L has completed the mechanical construction and commissioning of the first LNG receiving and regasification terminal in the Middle East.
Beijing Gas Group has been granted state approval to build its proposed Tianjin LNG receiving terminal.
Elengy has announced that its Fos Tonkin LNG terminal will continue operating until 2028, with its regasification capacity fully booked.