LNG export news

Sinopec Corp. will resume purchasing US LNG cargoes as soon as it receives orders to from the Chinese government.

Indonesia’s director general of oil and gas has announced the country’s plans to sell 10 LNG cargoes on the spot market in 1H19.

Total has announced that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2.

Cheniere Energy Inc. and Bechtel Oil, Gas and Chemicals, Inc. have announced that substantial completion of Train 1 of the Corpus Christi liquefaction project was achieved on 28 February 2019.

According to Reuters, two industry sources have stated that Angola’s LNG facility has offered a cargo for delivery this month.

According to Reuters, in February this year, Russia delivered a record amount of LNG to Europe: 1.41 million t, to be precise.

Asian LNG spot prices have continued to fall and have now reached a 19 month low.

KBR Inc. has announced that it has been awarded a pre-FEED contract by Mexico Pacific Ltd for a mid scale LNG liquefaction project in Puerto Libertad on Mexico’s Pacific coast.

Pointe LNG LLC has signed an engineering and technical services agreement with KBR for FEED submittals and services as required to obtain approval from FERC for the company’s proposed liquefaction and export facility in Plaquemines Parish, Louisiana, US.

According to an annual LNG report by Royal Dutch Shell, global LNG trade will experience an increase of 11% to 354 million t this year.