LNG
NEWS
8
LNG
INDUSTRY
JULY
2016
DIARY DATES
06 - 08 September 2016
FLNG
London, UK
finance.knect365.com/flng
06 - 09 September 2016
SMM
Hamburg, Germany
07 - 10 November 2016
ADIPEC
Abu Dhabi, UAE
14 - 16 November 2016
European Autumn Gas Conference
The Hague, the Netherlands
USA
SCT&E LNG signs binding supply agreement
S
CT&E LNG Inc. has announced that it has signed a binding
20-year fixed price natural gas supply agreement to support
its future LNG facility to be constructed on Monkey Island in
Cameron Parish, Louisiana, US.
In May 2015, SCT&E LNG signed a non-binding
Memorandum of Understanding (MoU) with a natural
gas supplier for a 20-year fixed price on natural gas from
commencement of operations at its LNG export facility. In
recent months, SCT&E LNG has been negotiating with its
natural gas supplier to convert the MoU into a binding gas
supply agreement.
SCT&E LNG’s Chairman and CEO, Greg Michaels, said: “I
am very pleased to announce we have successfully completed
the negotiations and now have a contractual method to offer
this unique natural gas supply structure to our LNG offtakers.
Together with our upstream supplier, we have essentially
created a 25-year hedge on natural gas for our customers, and
the LNG offtake community is responding positively.”
This 20-year fixed price natural gas supply offering is a first
of its kind among US LNG export projects. The SCT&E LNG
export project is currently scheduled to produce a total of
12 million tpy of LNG with shipments starting in 2022.
To date, SCT&E LNG has signed four offtake MoUs for a
total of 4.7 million tpy of LNG.
12 - 15 September 2016
45
th
Turbomachinery & 32
nd
Pump
Symposia
Houston, Texas, USA
tps.tamu.edu
20 - 23 September 2016
CWC World LNG & Gas Series: Asia
Pacific Summit
Singapore
asiapacific.cwclng.com
France
RasGas inks LNG SPA with EDF
R
asGas Company Ltd has announced that Ras Laffan
Liquefied Natural Gas Company Ltd (3) (RL 3) has
entered into a new LNG Sales and Purchase Agreement (SPA)
with EDF SA.
Under the terms of the SPA, RL 3 will deliver up
to 2 million tpy of Qatari LNG into EDF’s new terminal
in Dunkerque, France, starting in 2017 and over the
medium-term.
This deal is in addition to three existing long-term SPAs
between RasGas ventures and EDF Group subsidiaries, for
delivery of up to 4.6 million tpy to Edison in Italy and up to
~3.5 million tpy to EDF Trading in Belgium.
Marc Benayoun, EDF Group Senior Executive,
Vice President Gas & Italy and CEO of Edison, said: “This
agreement with RasGas reflects EDF’s growing interest in
the LNG markets. The Group is proud to add this significant
contract to its global LNG portfolio and to reach a new
important milestone in the excellent relationship with
RasGas, who already delivers LNG cargoes to the Group
under long-term contracts in both Rovigo and Zeebrugge
terminals. At a time when Dunkerque LNG is due to receive
its first commissioning cargo early July, this new contract
demonstrates Dunkerque LNG’s outstanding position in the
North West European gas markets.”
