Enterprise Products Partners LP has struck additional contracts to export 125 million bbl of liquefied petroleum gas (LPG) over seven years from its Houston Ship Channel terminal, which now has 90% of its operating capacity subscribed through 2019, the company said Monday. Jim Teague, COO of Enterprise’s general partner, said the majority of the terminal’s capacity is contracted for periods as far out as 2022 (see Daily GPI, Oct. 30). The United States is the world’s largest LPG exporter, he said. Enterprise is nearing completion of a series of expansions at the terminal designed to accommodate growing demand for export capacity. During the first quarter, the company increased its loading rate to more than 16,000 bbl per hour (bph), or 9 million bbl per month. By the end of this year, Enterprise said it expects to complete the terminal’s final phase, which will increase loading rates to more than 27,000 bph. Enterprise will then have the capacity to load up to 16 million bbl per month, which equates to approximately 29 vessels per month.

Liquefied Natural Gas Ltd.‘s (LNGL) Magnolia LNG LLC has struck an engineering, procurement and construction (EPC) contract with a joint venture of KBR and Korea’s SK E&C USA for the Magnolia LNG project in Louisiana. The contract is worth nearly $4.36 billion for four liquefied natural gas (LNG) trains at the project. It guarantees production of 7.6 million tonnes per annum (mtpa) of LNG, which is 0.8 mtpa higher than previous guidance provided by the project developer. “The total EPC capital cost in the range of US$495 to US$544 per tonne of LNG plant capacity (for the 8 mtpa or greater plant) establishes a new low for U.S. Gulf Coast projects and is substantially lower compared with recent LNG projects around the world,” said LNGL CEO Maurice Brand. “With execution of the EPC contract in hand, we shall continue with final engineering activities but will not commit to outsized, non-cancellable commitments in advance of execution of offtake agreements for at least 4 mtpa of additional sales.” The Magnolia LNG project, sited in Lake Charles, LA, received a final environmental impact statement last week (see Daily GPI, Nov. 13).

Under an agreement with the Israeli government, Noble Energy Inc. and its Israeli partner, Delek Group, will sell their interests in the undeveloped Karish and Tanin gas fields in the eastern Mediterranean to a third party. Noble spokeswoman Paula Beasley told NGI the Houston-based company will sell its interest in the Alon A and C licenses — where the fields are located — to Delek, which will assume responsibility for their sale to a third party. The move is designed to increase competition in Israel’s natural gas industry. Noble will retain its stake in the Tamar and Leviathan fields (see Daily GPI, June 30). According to reports, Noble sold its 47% stake in the fields for $67 million.

Sabine Pass Liquefaction LLC and Sabine Pass LNG LP (collectively, Sabine Pass) have asked FERC for authorization to introduce fuel gas into gas turbine generators E and F at the liquefied natural gas liquefaction and export terminal nearing completion in Louisiana. In the filing at the Federal Energy Regulatory Commission, Sabine Pass requested approval by Tuesday (Nov. 17) [CP11-72]. The first train of the Cheniere Energy Inc. project is expected to come online around the first of the year (see Daily GPI, Oct. 20).