LNG

Asian spot LNG prices softened last week, due to weak demand and as the markets awaited further clarity on US Russian energy sanctions, or secondary tariffs.

Mubadala Energy, the Abu Dhabi headquartered energy company, has signed an agreement with Kimmeridge, the US energy-focused alternative asset manager, to acquire a 24.1% interest in Kimmeridge’s SoTex HoldCo (SoTex), through issuing new equity.

The Canadian Government is planning to develop a remote northern port on Hudson Bay to export natural gas, potash, canola and other commodities.

Argentina’s Southern Energy (SESA) has reached a final investment decision (FID) to charter Golar LNG’s 3.5 mill tonnes per annum MK II FLNG.

Houston-based Cheniere has signed a long-term LNG sale and purchase agreement (SPA) with Japanese major importer, JERA.

In its second quarter results presentation, GasLog Partners confirmed it had agreed to sell, subject to customary and other closing conditions, the ‘Methane Alison Victoria’, a 145,000 cu m steam turbine propulsion LNGC built in 2007, to Excelerate Energy, for a gross price of about $27 mill (see page 6).

US LNG plant developer NextDecade is to receive up to $1.8 bill in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance a fourth liquefaction train at its Texas Rio Grande LNG export project.

US FSRU and LNG infrastructure developer, Excelerate Energy reported net income of $20.8 mill for the second quarter of this year.

Amigo LNG, a Mexican joint venture involving Texas based Epcilon LNG and Singapore-based LNG Alliance, has awarded the engineering, procurement, and construction (EPC) contract for its marine facilities to Constructora Manzanillo (COMSA Marine), Mexico.

A couple of weeks ago, Polish engineering firm, GAZ-SYSTEM announced it had started dredging operations in the Gulf of Gdańsk for Poland's first FSRU terminal.