Gunvor

Gunvor Cancels Driftwood LNG SPA With Tellurian – The Offtake

Tellurian Inc. said a deal to sell LNG to an affiliate of Gunvor Group Ltd. from its proposed Driftwood export terminal has been terminated. “The parties were unable to reach agreement on the commercial terms of an amendment to the agreement,” Tellurian said in a U.S. regulatory filing.

August 8, 2023
Chesapeake Working Deals to Expose More Natural Gas Production to LNG Market

Chesapeake Working Deals to Expose More Natural Gas Production to LNG Market

Chesapeake Energy Corp. executives said Wednesday they expect to announce more deals tied to the LNG market as the company aims to expose 15-20% of its natural gas production to international trade of the super-chilled fuel.  Earlier this year, Chesapeake clinched a tentative arrangement with global commodities trader Gunvor Group Ltd. to supply up to…

August 2, 2023
Chesapeake Won’t Cut More Activity as Management Expects Stronger Natural Gas Prices in 2024

Chesapeake Won’t Cut More Activity as Management Expects Stronger Natural Gas Prices in 2024

Despite a steep drop in natural gas prices since the beginning of the year, Chesapeake Energy Corp. has no plans for now to cut activity further in 2023 as management sees an opportunity to be better positioned for a rebound in 2024.  “We believe our financial flexibility is a competitive strength, and we intend to…

May 3, 2023
RNG Said ‘Key’ to Net-Zero Ambitions, but Voluntary, Long-Term Market Necessary, Executives Say

RNG Said ‘Key’ to Net-Zero Ambitions, but Voluntary, Long-Term Market Necessary, Executives Say

As the energy industry clamors for technologies to reach decarbonization goals, renewable natural gas (RNG), though still in short supply, may be the solution for hard-to-abate sectors.  Executives from RNG production, to midstream transportation and to utility applications discussed the potential scalability of the biofuel during a panel at CERAWeek by S&P Global.  After being…

March 15, 2023
Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG

Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG

Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

March 1, 2023

Germany Again Delays Nord Stream 2 Certification – The Offtake

A roundup of news and commentary from NGI’s LNG Insight The German regulatory agency overseeing power and natural gas markets said it won’t certify Russia’s Nord Stream 2 (NS2) pipeline for service in the first half of 2022. The 5.3 Bcf/d pipeline is completed but still needs to be certified by Germany in a decision…

December 16, 2021
Energy Trader Gunvor Locks in LNG Vessels to Advance Climate Goals

Energy Trader Gunvor Locks in LNG Vessels to Advance Climate Goals

Gunvor Group Ltd. has agreed to employ four newbuild liquefied natural gas (LNG) carriers as the trading house looks to cut emissions tied to its operations.  Subsidiary Clearlake Shipping is securing long-term time charters with Monaco-based shipowner Celsius Tankers. Celsius expects to take delivery of the new vessels from Samsung Heavy Industries Co. Ltd. (SHI)…

October 27, 2021
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

Global LNG Traders Report Sharp Increase in 2019 LNG Volumes

Two of the world’s largest commodity traders said delivered volumes of liquefied natural gas (LNG) increased markedly in 2019 as the global market for the super-chilled fuel grew rapidly and buyers became more flexible.

December 31, 2019

Commonwealth Export Project Scores Offtake Deal with Major LNG Trader

Gunvor Group Ltd. has thrown its support behind the Commonwealth liquefied natural gas (LNG) export project through an agreement that would see the LNG trading heavyweight commit to take more than a third of the capacity at the Cameron Parish, LA, facility.

November 25, 2019
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