Rio Grande China deal
NextDecade, developer of the of Rio Grande LNG project along the Brownsville Ship Channel, has executed a binding Heads of Agreement with Guangdong Energy Group for the supply of LNG cargoes for a 20-year term. The Rio Grande project has ultimate plans and permits to produce up to 27 mtpa of LNG from five liquefaction Trains. The accord proposes Guangdong Energy will purchase up to 1.5 mtpa of LNG indexed to US benchmark Henry Hub natural gas price. The LNG supply will initially be from Train one of Rio Grande LNG, which is expected to start commercial operations in 2026.
Peru sends cargoes to Asia
Peru’s LNG exports in March are heading for the North Asian markets of China and South Korea, according to data from energy company PeruPetro. Four vessels have left the Pampa Melchorita liquefaction plant on the Pacific Coast of Peru with three headed for South Korea on the 173,540 cubic metres capacity carrier “Megara”, the 135,400 cbm capacity carrier “Madrid Spirit” and on the 173,400 cbm capacity vessel “Sevilla Knutsen”.
Asian LNG strategy
Japanese LNG and energy engineering company JGC Holdings Corp. has renamed its subsidiary in Singapore JGC Asia Pacific Pte Ltd as a regional headquarters for five countries as the company pursues contract wins in LNG receiving terminals, gas-fired thermal power and other projects, including renewables. “The Singapore company will take on the new role of Asia-Pacific regional headquarters and serve as a base for project execution in Singapore and nearby countries, supporting activities in the Philippines, Indonesia, Vietnam and Malaysia,” said JGC.