LNG

Swiss commodity trader Gunvor has agreed to offtake 0.3 mtpa of LNG from Delfin Midstream’s FLNG1 facility offshore Louisiana over 20 years, pushing the project’s contracted volumes above 4 mtpa as it nears financial close.

Expand Energy has terminated its first-ever offtake agreement with Delphin LNG and replaced it with a larger contract that more than doubles volumes to  1.15 mtpa of LNG per year at Henry‑Hub‑linked pricing. Shipments will originate from Delfin FLNG Vessel 1, with targeted commercial start around 2031.

Swiss commodity trading house Gunvor is in talks to buy US upstream acreage – notably Baytex Energy assets in the Eagle Ford shale – in a bid to mend relations with the Trump administration, which had fiercely opposed Gunvor’s earlier bid for Lukoil’s foreign assets.

Trafigura, the commodities trading firm with offices in the main trading centres of the Americas, Asia and Europe, has signed a long-term liquefied natural gas agreement with the largest Canadian natural gas producer Tourmaline.

July 13 (LNGJ) – US pipelines and terminals company Energy Transfer LP has entered into three non-binding Heads of Agreement deals including one for Japan and one for commodities firm Gunvor. One accord specifies that a Japanese consortium would buy 1.6 MTPA over 20 years subject to an option to convert the offtake to an equity participation providing for the same LNG volume.

   Under a second HOA Chesapeake Energy Marketing of the US would supply the Lake Charles plant with feed gas sufficient to produce 1.0 MTPA of LNG for a period of 15 years and, post liquefaction, the volumes would be bought by Gunvor’s Singapore trading unit. That deal is for 15 years and linked to the Japan-Korea Marker price. The third HOA is with an unnamed US customer and relates to a tolling arrangement for 1.0 MTPA over 15 years.

Gunvor Group, the Swiss-based global commodities firm and liquefied natural gas trader, has expanded its shipping fleet by chartering four modern LNG carriers being constructed in China for Celsius Tankers.

Energy Transfer LP, the owner of pipeline and other assets in the Permian Basin and Haynesville Shale as well as the Cushing crude oil delivery system, has signed an LNG sale and purchase agreement (SPA) with global commodities firm Gunvor and its third in the past two months for its Lake Charles LNG export project in Louisiana.

Jan 19 ((LNGJ) - Commonwealth LNG, the US company with plans to develop an export plant on the Calcasieu River near Cameron in Louisiana, is soliciting bids to reserve offtake from its planned 8.4 million tonnes per annum of output. Commonwealth said it was acting in association with global commodities firm Gunvor.

   “It is the first ever tender process in which prospective LNG customers can secure future term supply at volumes, pricing and durations of their choosing through competitive bidding,” said Commonwealth. “LNG will be made available under tolling, free on board (FOB) or delivered at place (DAP) agreements,’ it said. Commonwealth executives said a different approach was warranted following changes in the energy market resulting from the Covid-19 pandemic.

Trafigura, the global commodities company and trader, posted annual results showing that its liquefied natural gas trading volumes rose by 26.5 percent in a challenging year.

International commodities company Gunvor said it would enter an alliance to trade and ship liquefied natural gas to Vietnam, as part of a joint venture with Energy Capital Vietnam (ECV), a US-based development company.