Centrica

Delfin Midstream Inc. has finalized a sales and purchase agreement (SPA) with Centrica plc as it aims to make a final investment decision (FID) on the first phase of its Louisiana floating LNG export project later this year. UK-based energy firm Centrica has agreed to take 1 million metric ton/year (mmty) for 15 years on…

Centrica plc has boosted capacity at the UK’s largest natural gas storage facility months after it reopened to help keep the market balanced and prices in check following Russia’s move to significantly reduce natural gas exports to Europe when it invaded Ukraine.  Centrica, Great Britain’s largest energy supplier, said the Rough storage facility 18 miles…

Delfin Midstream Inc. has finalized an investment agreement with shipping giant Mitsui O.S.K. Lines Ltd. (MOL) for its Delfin LNG export project ahead of a possible final investment decision (FID) later this year. Delfin disclosed MOL has agreed to take an undisclosed stake in the proposed Louisiana offshore liquefied natural gas project and will be…

Delfin Midstream Inc. on Monday announced another binding agreement to sell LNG to an affiliate of commodity trader Hartree Partners LP and said it expects to sanction its floating offshore production facility in the Gulf of Mexico (GOM) by the middle of the year. Under the sales and purchase agreement (SPA), Delfin would sell 0.6…

Delfin Midstream Inc. has reached a tentative deal to supply 1 million metric tons/year (mmty) of LNG from its proposed floating offshore production facility in the Gulf of Mexico to UK utility Centrica plc as Europe continues efforts to secure more energy.  The non-binding heads-of-agreement covers liquefied natural gas deliveries on a free-on-board basis for…

The UK is looking to restart what once was the country’s largest natural gas storage facility, but it may not be in time for the coming winter. Great Britain’s largest energy supplier, Centrica plc, was awarded a gas storage license by the North Sea Transition Authority to reopen the Rough storage site off the eastern…

A roundup of news and commentary from NGI’s LNG Insight Centrica plc has reviewed 20-year contract with Cheniere Energy Inc. to determine if it’s “onerous.” Contract has an intrinsic value that depends on the spread between the Gulf Coast and key markets overseas. Those have narrowed and value of contract is now “close to nil.”…

Indonesia’s state-owned Pertamina on Tuesday became the latest buyer to step up to support the Anadarko Petroleum Corp.-led Mozambique natural gas export project, agreeing to take 1 million metric tons/year (mmty) for 20 years.

Mozambique LNG1 Co. Pte. Ltd. on Friday announced it has another natural gas supply agreement for the proposed export project led by Anadarko Petroleum Corp.