![]() ![]() This is a destination free FOB contract, which enables JERA to secure LNG in a high flexible manner and is expected to help with our capability to respond to volatility in the domestic electricity supply and demand.” said Sunao Nakamura, Senior Managing Executive Officer, Optimization of JERA. LNG headed for India is priced just below 10/mmbtu, according to price reporting agency Argus, higher than domestically produced gas at 8.27/mmbtu for May and 6.50/mmbtu for gas from older fields. Platts, part of S&P Global Commodity Insights released on Thursday a consultation note for a new liquefied natural gas (LNG) price assessment for cargoes delivered a month after the front-month. “LNG procurement competition has been intensifying and thus, stable procurement of LNG in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply of energy in Japan. We are honored to supply our growing customer base in Japan with a clean and reliable source of lower carbon energy and look forward to supporting JERA in its efforts to bring LNG to the region for many years to come.” “Japan has taken a pragmatic approach to ensuring its energy security while advancing environmental progress. “Venture Global is thrilled to be expanding our partnership with JERA, one of the world’s premiere energy providers and largest buyers of LNG,” said Mike Sabel, CEO of Venture Global LNG. New Fortress Energy (NASDAQ: NFE) says it has executed two 20-year agreements with Venture Global LNG, which will supply 2M metric tons/year of liquefied natural gas on an FOB basis from its LNG. The expansion project aims to enhance the existing subsea gas gathering network of the Gorgon Project, which supplies liquefied natural gas (LNG) to customers across Asia and caters to the. This deal follows JERA Global Markets’ purchase of the inaugural commissioning cargo of LNG exported from Venture Global’s first project, Calcasieu Pass. To date, the company has announced SPAs for over a third of the 20MTPA nameplate facility with active discussions ongoing for the remainder of its capacity. CP2 LNG is Venture Global’s third project and is expected to commence construction later this year. Stocks Chevron (CVX) Achieves First LNG Production at Gorgon Stage 2 J09:11 am EDT Written by Zacks Equity Research for Zacks -> Chevron’s CVX unit in Australia and its Gorgon. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. ![]() exporter Venture Global, adding to a flurry of deals signed between China and the U.S. Significant commercial momentum for the project, with over a third of its 20MTPA nameplate capacity sold.Īrlington, Virginia– Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. PETRONAS are the first global energy company to produce LNG from two floating facilities, which has enabled us to unlock marginal and stranded gas fields. China Gas Holdings 384, one of Chinas largest independent gas distributors, has agreed to two 20-year liquefied natural gas (LNG) supply contracts with U.S. ![]() FOB, SPA VENTURE GLOBAL ANNOUNCES 20-YEAR LNG SALES AND PURCHASE AGREEMENT WITH JERAĬP2 progressing through federal permitting process. ![]()
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