Contracts

Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project

Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project

Commonwealth Liquefied Natural Gas (LNG) has launched a tender soliciting bids from potential offtakers that could acquire supply from the proposed project in Louisiana at volumes, pricing and durations of their choosing.  The company is aiming to accelerate the supply contracting process by offering more flexibility. Offtakers could buy on a tolling, free-on-board (FOB) or…

January 19, 2021
Williams Given Approval to Resolve Chesapeake Midstream Contracts

Williams Given Approval to Resolve Chesapeake Midstream Contracts

Natural gas pipeline giant Williams has received a past-due payment of $112 million from Chesapeake Energy Corp. after a court approved a resolution between the two companies last month as part of the producer’s bankruptcy proceedings. The Tulsa-based pipeliner reached a global resolution in November to continue treating and moving Chesapeake’s natural gas in the…

December 18, 2020
LNG 101: The Thorny Process of Renegotiating LNG Supply Contracts

LNG 101: The Thorny Process of Renegotiating LNG Supply Contracts

Naturgy, one of Spain’s major natural gas buyers, said last week it has negotiated new terms for two contracts with one of its primary LNG suppliers in a dual symbol of how the global gas trade is evolving and how such discussions can have varying outcomes. A supply glut and weak market made weaker by…

October 8, 2020
ICE Reports Steep Gains in Trading of Worldwide Natural Gas Contracts

ICE Reports Steep Gains in Trading of Worldwide Natural Gas Contracts

The Intercontinental Exchange (ICE) said Wednesday that it continues to see record levels of open interest across its Asian, European and North American natural gas benchmarks as worldwide trade of the fuel has liberalized.

May 20, 2020
LNG 101: An Explanation of Shipping, LNG’s Pipeline on Water

LNG 101: An Explanation of Shipping, LNG’s Pipeline on Water

You need some serious tonnage to move vast quantities of super-chilled natural gas from one continent to another. The massive ships used to transport liquefied natural gas (LNG) add another element to the export trade that can’t be overlooked for those who want to better understand the market.

May 1, 2020
Global LNG Production Remains Resilient Despite Coronavirus, Falling Prices

Global LNG Production Remains Resilient Despite Coronavirus, Falling Prices

Despite prices that have cratered since last year and a steep cut in demand caused by the Covid-19 pandemic, global liquefied natural gas (LNG) supplies remain resilient and cargoes are still being delivered.

April 21, 2020
Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Tokyo Gas, Japan’s largest natural gas utility, is joining like-minded gas importers and plans to renegotiate long-term liquefied natural gas (LNG) contracts to remove restrictive destination clauses and increase flexibility.

October 1, 2019

ICE, Magellan Launch Dock Capacity Auction for Permian WTI Futures

Intercontinental Exchange Inc. (ICE) and Magellan Midstream Partners LP are adding dock capacity auctions for ICE Permian WTI crude oil futures contracts to facilitate exports out of the Houston area, the companies announced Wednesday.

August 15, 2019

GE Unit to Supply Export Compression Trains for Cove Point LNG

General Electric unit GE Oil & Gas Wednesday said it has been awarded contracts to supply natural gas compression trains for Dominion Cove Point’s liquefaction project in Lusby, MD, which would give the existing import terminal export capability.

April 19, 2013

Pemex to Pay $350M for New Offshore Rigs

Mexico’s Petroleos Mexicanos’ (Pemex) exploration and production (E&P) unit has awarded contracts with a total value of more than $350 million to Empeiria Acquisition Corp. and subsidiary Integrated Drilling Equipment Co. Holdings (IDE) to build four 3000HP AC modular platform rigs, Houston-based Empeiria said Monday.

April 2, 2013