LNG

Sinolam LNG Terminal and Sinolam Smarter Energy LNG Power Co. have filed a $4 billion lawsuit in Virginia against AES Corporation and partners, accusing them of a scheme to dominate Panama's LNG-to-power market.

Nov 4 (LNGJ) - US LNG plant developer Venture Global has confirmed two long-term liquefied natural gas supply deals with China Petroleum and Chemical Corp., known as Sinopec, and its trading arm Unipec and previously revealed on October 20 by the US Department of Energy.

   Venture Global will supply 4 million tonnes per annum of LNG to Sinopec for 20 years from the Plaquemines LNG plant to be built on the west bank of the Mississippi River in Louisiana. In addition, Unipec has agreed to purchase up to 3.8 MTPA of LNG from Venture Global’s Calcasieu Pass facility under construction south of the city of Lake Charles. “Venture Global will soon become the largest US LNG exporter to China,” said Michael Sabel, Chief Executive of Venture Global. “This will accelerate our combined efforts to lower carbon emissions and provide a low-cost, reliable and secure energy supply to China,” added the CEO.

Panama confirmed it had chosen the US company AES Corp. to develop and operate the Central American country’s first natural gas-fired power plant with associated LNG import facilities ahead of the official opening of the expanded Panama Canal on June 26 that will allow LNG carriers and other larger vessels to transit.