Cedigaz is pleased to announce the release of the latest update of its LNG databases on Liquefaction plants, Regasification terminals and Long-term contracts have been updated. You will find below a summary of the most important developments that were included in the databases in Q1 2016.
The most significant event in Q1 2016, is indisputably the shipment of the first US LNG cargo from Cheniere’s Sabine Pass project in February. In Australia, Chevron started producing LNG and condensate at its 15.6 Mmtpa Gorgon LNG project. The first shipment of LNG has left Barrow Island, bound for Japan. The two additional 5.2 Mmtpa trains will be progressively commissioned throughout 2016-2017. In Indonesia, the startup of the Sengkang LNG project has been pushed back by one year and we now expect it to start commercial production in 2017. Depressed prices have continued to weigh on project development. In Australia, Woodside decided to freeze the Browse FLNG project. In Indonesia, the Abadi project, another large FLNG, was postponed and will be probably be redesigned as an onshore project. In Colombia, financially embattled PEP has canceled its FLNG project and in Canada, Altagas has announced the postponement of the Douglas Channel LNG projects in Canada.
Tokyo Gas’ new Hitachi LNG Terminal started commercial operations. The Tokyo-based gas utility is also pushing its plan to build a second LNG tank with capacity to hold 230,000 cu m, at its Hitachi LNG terminal by 2021. A new 400,000 t/yr floating LNG receiving facility on Bali is scheduled to start full operations by mid-May, supplying a local power plant. Dubai’s Jebel Ali LNG import terminal has increased regasification capacity from 6,5 Bcm/y to 10,2 Bcm/y by installing the biggest FSRU in the world. Uruguay has revoked a contract with a consortium led by Engie to build an LNG import terminal. A new tender for another contractor will be issued later, with the goal of launching the terminal in mid-2017.
LT supply contracts:
In Q1 2016, Tokyo Gas signed a heads of agreement with Diamond Gas International which is fully owned subsidiary of Mitsubishi Corporation for sale and purchase of LNG from the Cameron LNG project in the United States. Total has agreed sales and purchase agreements with Pertamina. The SPA positions Total to buy around 400,000 t/yr of LNG contracted to Pertamina from Cheniere’s Corpus Christi LNG project and to supply Pertamina with LNG from its global portfolio. Shell NA LNG LLC has agreed to buy up to 1.0 Mmtpa of liquefied natural gas from Venture Global LNG Inc.’s planned Cameron Parish export facility. The final investment decision on the export facility is expected later this year, with operations to begin in 2019. One portfolio contract was signed between Petronas and Toho Gas (0,4 Mmtpa). The total contracted volume (SPA and other) in Q1 reaches 3.1 Mmtpa.
The LNG Databases
Our Liquefaction database covers now over 197 plants, either existing, planned or under construction. As of April 2016, there was 43 existing plants – operating or idled – representing a total design capacity of 360 Mmtpa.
Our Regasification database contains details for over 284 terminals, either existing or planned. As of April 2016, there was over 120 existing plants in 35 countries, representing a total regasification capacity of 756 Mmtpa.
Our Contracts database includes about 250 Sales and Purchase Agreement and Head of Agreements and more than 60 portfolio contracts in force in 2016.
Cedigaz LNG databases are updated quarterly and are part of the Cedigaz LNG Service. Cedigaz LNG Service provides valuable insights on the LNG market, including Monthly bulletins covering 95% of the global LNG trade. Further information is available on Cedigaz’s website.