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Sempra Energy, the California utility and LNG sector participant with plants in Louisiana and Mexico, has confirmed the sale of a second South American power company to Chinese interests with the offloading of the Chilean Chilquinta Energía business and its affiliates for almost $3 billion.
The US Magnolia LNG export project in Louisiana, which recently agreed to supply cargoes to a new terminal in Vietnam planned for the Mekong Delta, has agreed to extend its negotiating time and seek a full sales agreement to be signed by the end of May 2020.
LNG spot cargo prices were flat over the past week with higher values quoted for December volumes with the second half of December window priced at $6.500 per million British thermal units for shipments to China, Korea and Japan.
The Rudong liquefied natural gas import terminal in the eastern Jiangsu Province of China and with LNG links to Canada is undergoing repairs after an accident and is not expected to be fully operational again until mid-November.
Qatar Petroleum and ExxonMobil are celebrating the 10th anniversary of the South Hook LNG import terminal that created an “energy bridge” from the Middle East to the United Kingdom and was built at a cost of more than $1 billion to handle up to 20 percent of UK natural gas…
Intercontinental Exchange, the leading operator of global exchanges and clearing houses and energy and natural gas pricing and derivatives, said the Dutch Title Transfer Facility, the main Continental European natural gas benchmark, and the Asian Japan-Korea Marker price for LNG had achieved new trading volume highs.
Japanese spot liquefied natural gas cargoes delivered in September cost $5.20 per million British thermal units less than in the same month a year ago, though just $0.60 less than in August 2019 amid an over-supplied market and tentative demand.