In this issue

 

Chart Industries, the supplier of liquefaction, storage and fueling equipment to the LNG industry, said the US Patent and Trademark Office had awarded the company a patent for its latest…
Low-cost LNG imports gains attractiveness in the United Arab Emirates (UAE) as gas-burn for power generation is outstripping domestic production, while upstream investments stall. Abu Dhabi now resorted to chartering…
LNG cargoes from Sabine Pass going to Argentina face challenging economics on a purely point-to-point basis, data released by the US government and Argentine state energy firm Enarsa show. A…
Friday, 02 September 2016
Assertive buyers ask for reworked terms of long-term LNG imports, making use of their rising bargaining power increases as a wave of new supply from the US and Australia enters…
Despite challenging market conditions, global capital expenditure on floating import units is anticipated to surge, with more than 14 countries are expected to commission their first FRSU during 2016-2022.
Det Norske Veritas and Germanischer Lloyd (DNV GL), an international classification society, have given IHI the approval in principle for its design of a Floating LNG Power Station (FLPS). The…
Plans for several LNG-fuelled power plants in Chile have been shelved after none of the projects won contracts at the country’s latest electricity tender. A series of wind and solar…
Ivory Coast, Ghana and South Africa are tipped to become front-runners in setting up integrated LNG-to-power projects. Developers can arrange attractive import terms as a glut of new gas supply…
Cleaning up China’s power mix is becoming an increasingly tedious process as domestic shale gas production slows. Faced with a challenging geology and spiralling costs, the government cut 2020 targets…
With exports of pipeline gas to Mexico on the rise, and LNG exports from Louisiana ramping up, the United States is forecast to become a net exporter of natural gas…
Friday, 02 September 2016
The US Federal Energy Regulatory Commission (FERC) has prepared a final environmental impact statement (EIS) for the Golden Pass LNG Export Project proposed by Golden Pass Products, LLC and Golden…
Northwest Europe is evolving beyond being ‘a market of last resort’ for US LNG, as rising gas prices on the forward curve are propping up the economics and profit margins…
Over $5.3 billion have been spent to widen the Panama Canal – a strategic shortcut for sea voyages between the Atlantic and Pacific oceans. Exporters of US shale gas now…
A 3-month clock has started ticking for Canada’s prime minster Justin Trudeau to make a decision on the Petronas-led Pacific NorthWest LNG project on Lelu Island, BC. The count-down started…

News Nudges

Tellurian’s LNG supply accord with India’s Petronet lapses

Tellurian Inc., the developer of the Driftwood LNG plant in Louisiana, has confirmed that a memorandum with Petronet LNG has lapsed. Though the MOU was not renewed when it expired at the end of May, Tellurian stressed, talks with the Indian company were continuing. Tellurian’s accord with Petronet, first signed in Houston in September 2019, covered a possible equity investment in the project of up to $2.5 billion as well as 5 mtpa of supplies. It was seen as a landmark deal for Driftwood LNG to reach FID on the proposed 26 mtpa project on the west bank of the Calcasieu River. However, the Petronet-Tellurian agreement suffered its first setback in February 2020 when it was announced that the informal agreement would become a formal transaction by the start of June 2020. Driftwood LNG still has other supply agreements in place with Total and the global commodities trading house Vitol. As a principal investor, Total agreed to purchase 1 mtpa of LNG from Tellurian ventures and an additional 1.5 mtpa from Tellurian’s offtake volumes from Driftwood. Total's aggregate investment in the Tellurian portfolio will be around $907 million once a FID will be taken, though this looks likely to be delayed. Construction for the Driftwood plant has already been contracted to Bechtel.