Avenir LNG gains bunkering foothold in China and sells largest re-fuelling vessel to Shanghai Port Group
Avenir LNG, the Norwegian-listed small-scale LNG project developer and vessel owner, has entered into a long-term joint cooperation agreement (JCA) with Shanghai SIPG Energy Service Co.(SSES) a Chinese joint venture between Shanghai International Port Group and Shenergy Group.
Total deal in China
March 23 (LNGJ) - French major Total and China’s Shenergy Group, the leading energy player in the port of Shanghai, have signed binding agreements for the supply of up to 1.4 million tonnes per annum of LNG from Total, as well as the creation of a joint venture to expand LNG marketing in China. The joint venture, Total 49 percent and Shenergy 51 percent, will sell LNG supplied by Total to customers in Shanghai and throughout the neighbouring Yangtze River delta region.
Additionally, Total will supply LNG to Shanghai Gas, the natural gas distribution subsidiary of Shenergy. “This deal with Shenergy Group is a great opportunity to partner with an experienced gas and LNG player with strong ambitions, as well as a unique entry point into the downstream LNG market in China,” said Stéphane Michel, President of Gas, Renewables and Power at Total.
Arctic LNG II deal
Feb 25 (LNGJ) - Russian natural gas company Novatek signed a long-term LNG Sales and Purchase Agreement with the Chinese Shenergy Group from volumes produced by the Arctic LNG II on the Gydan Pensinsula, currently under construction. The accord is for 3 million tonnes per annum of LNG over 15 years and delivered to terminals in China on a delivered ex-ship (DES) basis whereby the seller pays for the shipping.
“Our LNG commercial strategy is to diversify our client base and target end consumers in the fast-growing Asian-Pacific region, and the LNG volumes produced from our Arctic LNG II project are core to our long-term objective of delivering affordable, secure and sustainable natural gas for many decades,” said Novatek Chairman Leonid Mikhelson.
Malaysia-China deal
Jan 20 (LNGJ) - Malaysian oil and gas company Petronas has signed an agreement with the Chinese state-owned energy firm, Shenergy Group, to supply around 1.5 million tonnes per annum of LNG to Shenergy’s Wuhaogou facilities near Shanghai.
The heads of agreement is for a 12-year term starting from 2022 and will involve a shipping collaboration to construct and charter new mid-sized LNG vessels for the cargo deliveries. Petronas has been a major LNG supplier to Shenergy's subsidiary, Shanghai LNG Co., since 2006.
“The long-term deal, which involves the delivery of mid-sized cargoes to unique LNG receiving terminals, is a testimony of Petronas’s commitment to customer-centricity and market adaptability,” said Adnan Zainal Abidin, the Malaysian company’s Chief Executive for Gas and New Energy.
