Toshiba to transfer Freeport LNG volumes to Chinese and wind up UK nuclear project
Toshiba Corp., the Japanese conglomerate emerging from a crisis caused by an accounting scandal and massive losses in the nuclear business, has announced a five-year recovery plan, including the off-loading of its US liquefied natural gas assets comprising volumes from a 20-year tolling agreement at the Freeport LNG plant in Texas.
US regulators approve commissioning of the first Train at Freeport LNG export plant in Texas
US regulators have approved commissioning of the first Train at the Freeport liquefied natural gas export plant at Quintana Island in Texas, further boosting Gulf Coast production prospects.
Freeport LNG sales
June 26 (LNG) - Freeport LNG, the US export plant being constructed on Quintana Island in Texas, has signed a binding mid-term sales and purchase agreement with global commodities trading company Trafigura for 500,000 tonnes per annum over three years from July 1, 2020. The plan's first three Trains will be brought on stream in sequence, between the end of 2018 and the third quarter of 2019, giving around 15.3 MTPA of output. About 13.4 MTPA of capacity from the first three Trains has been contracted to European and Japanese contract holders, BP of the UK, Germany’s Uniper and Japan’s Jera Co. Inc. and Osaka Gas. The Texas venture, led by US energy entrepreneur Michael Smith, has also entered the authorization process of the Federal Energy Regulatory Commission to construct a fourth Train with 5.1 MTPA of output and with operations starting as early as 2022.
Pipeline approval allows Freeport LNG's customers like Uniper and BP to get feed-gas
The US Federal Energy Regulatory Commission has given a permit for an extension of the Gulf South Pipeline that will allow Japanese and European customers of Freeport LNG to transport their feed-gas to the liquefaction plant being constructed at Quintana Island in Texas.
