Petronas, Hokuriku Electric to renew term LNG supply deal
Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.
ADNOC signs $3bn term LNG supply deal with India’s HPCL
ADNOC Gas has signed a 10-year LNG sales and purchase agreement with India’s Hindustan Petroleum Corporation Ltd (HPCL) – valued at between $2.5 billion and $3 billion – to export 0.5 mtpa of LNG from ADNOC’s Das Island terminal.
JERA signs 5-year LNG deal with Woodside for winter supply
Japan’s biggest power generator JERA has signed a five-year Sale and Purchase Agreement (SPA) with Woodside Energy Trading Singapore to buy three LNG cargoes annually from 2027, securing winter supply of about 200,000 metric tons per year mainly sourced from Woodside’s Scarborough project.
JERA secures Woodside LNG cargoes for Japan’s winter demand
Japan’s largest energy company JERA has signed a non-binding Heads of Agreement with Woodside Energy Trading Singapore to buy three LNG cargoes, or approximately 0.2 mtpa, during December to February to meet peakload power demand in the winter season. LNG from Australia will be shipped over a 5-years tenure starting from 2027.
Middle East LNG sellers gain market share
Long-term LNG contracting is off to a strong start as Middle East sellers take advantage of the 'Biden Pause' on US project permitting. Over 58 mtpa of sales and purchase agreements (SPA) were contracted from January through September 2024, compared with over 94 mtpa of new LNG SPAs and HOAs signed last year.
