NextDecade announces SPA with Guangdong Energy Group
Under the SPA, Guangdong Energy Group will purchase approximately 1.0 million tpy of LNG indexed to Henry Hub and delivered on an ex-ship (DES) basis.
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Under the SPA, Guangdong Energy Group will purchase approximately 1.0 million tpy of LNG indexed to Henry Hub and delivered on an ex-ship (DES) basis.
Under the 20-year Sales and Purchase Agreement, China Gas will purchase 1.0 million tpy of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas, US.
The company estimates that partial liquefaction operations to will be resumed in early October 2022.
Wood will deliver owner’s engineering services for the Cameron LNG expansion project in Louisiana, US.
The companies have signed a Sales and Purchase Agreements for the purchase of 2 million tpy of LNG for 20 years.
Cheniere has announced that its subsidiaries, Sabine Pass Liquefaction and Cheniere Marketing, have each entered into long-term LNG Sales and Purchase Agreements with Chevron.
The HOA is for the long-term supply of LNG from Sempra Infrastructure’s Gulf Coast LNG portfolio of projects under development in North America.
An incident occurred at the company’s liquefaction plant on Quintana Island that resulted in the release of LNG, leading to the formation and ignition of a natural gas vapour cloud and a subsequent fire at the facility.
Equinor and Cheniere have announced a 15-year purchase agreement of approximately 1.75 million tpy of LNG starting from 2026.
During the first four months of 2022, the US exported 74% of its LNG to Europe, compared with an annual average of 34% last year, according to EIA.
Under the SPA, Energy Transfer LNG will supply 0.7 million tpy of LNG to China Gas on a FOB basis.
The US is expected to lead the global LNG liquefaction capacity additions, contributing 57% of the total LNG liquefaction capacity additions between 2022 - 2026, says GlobalData.