Glenfarne’s Texas LNG project signs accord to supply Singapore unit of global commodities trader Gunvor
Texas LNG, the US export project being constructed in the Port of Brownsville in Texas as a subsidiary of New York-based Glenfarne Energy Transition, has signed a supply accord with the Singapore-based trading unit of global commodities firm Gunvor.
Gunvor US deal
Nov 28 (LNGJ) - Delfin Midstream, the US LNG project developer, and global commodities firm Gunvor Group, have signed a long-term LNG Sale and Purchase Agreement. Delfin said that under the 15-year SPA, Delfin would supply between 500,000 tonnes and 1 million tonnes of LNG per annum to Gunvor on a free-on-board basis at the Delfin Deepwater Port to be located 40 nautical miles off the coast of Louisiana.
“We continue to support US LNG projects and unlock new sources to meet the growing global LNG demand while further expanding our supply portfolio,” said Kalpesh Patel, Co-Head of LNG Trading at Gunvor. Dudley Poston, Chief Executive of Delfin, said he was pleased to enter into a long-term LNG deal. “This latest sale and purchase agreement further demonstrates our attractiveness as a long-term source of scalable, reliable and clean LNG,” Poston stated.
Commodities firm Gunvor charters four LNG carriers ordered from China by Denmark’s Celsius Group
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.
US pipeline company Energy Transfer follows up LNG deals with ENN of China by signing up Gunvor
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.
Commonwealth LNG of US and Gunvor sign firm LNG marketing and supply agreement
The Commonwealth LNG project in the US, a liquefaction and exports plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana, has widened its LNG cooperation agreement with global commodities firm Gunvor.
Flex LNG signs long-term charter for newbuild from 2020 with commodities firm Gunvor
Flex LNG, the growing LNG shipping company with six vessels operating and seven others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, has entered into a time charter with a subsidiary of commodities firm Gunvor.
US LNG project set to supply commodities firm Gunvor gets permits schedule from regulator
The Commonwealth LNG project in the US, a liquefaction and exports plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana and holding a supply deal with international commodities firm Gunvor, has received its environmental impact report schedule from regulators.
US LNG project planned for Johnson Bayou in Louisiana signs supply deal with Singapore firm
The Commonwealth LNG project in the US, a liquefaction and exports plant proposed for the west side of the Calcasieu Ship Channel near Johnson Bayou in Louisiana, has signed a preliminary supply deal with Singapore-based commodities trading firm Gunvor.
Commonwealth said it signed a heads of agreement with Gunvor Singapore outlining the principal details of a future firm accord for the supply of 1.5 million tonnes per annum of LNG for a term of 15 years.
The project has a schedule to make a final investment decision in 2020 and to start commercial operations by 2024.
Its plant will have a total liquefaction capacity of 8.4 MTPA and LNG storage capacity volumes of 240,000 cubic metres and has chosen a modular construction format, according to filings with the Federal Energy Regulatory Commission.
A total of eight liquefaction Trains are planned with each having production capacity of just over 1 MTPA.
There would additionally be six LNG storage tanks, each with a capacity of 40,000 cubic metres.
An adjacent electric plant would be powered by an 80-megawatt gas turbine and there would be boil-off gas handling systems, utilities, and communications system.
A 3.7-mile natural gas receiving pipeline for feed-gas is also proposed, extending from existing pipelines operated by Kinetica Partners and Bridgeline Holdings.
The marine berth would have the size to accommodate LNG carriers with capacity up to 215,000 cubic metres.
“The agreement with Commonwealth LNG is a significant step in executing Gunvor’s overall strategy of uncovering and securing low-cost resources and seamlessly delivering them to high value markets,” said Kalpesh Patel, Gunvor Co-Head of LNG Trading.
“We look forward to working with the Commonwealth team as they continue to progress their project,” added Patel.
Paul Varello, Commonwealth’s President and Chief Executive, said he was delighted at securing the first step towards a firm supply deal.
“We are proud to be entering into an agreement for a portion of our LNG offtake with the Gunvor Group, one of the world’s premier commodities trading houses,” explained Varello.
“Our mantra is to develop LNG solutions for the next generation and in Gunvor we have found a commercial partner who not only shares that vision, but through its creativity and innovation exemplifies it,” stated the CEO.
