2021-11-18 13:20:00
U.S. LNG FOR JAPAN $2.5 BLN
ENERDATA- 17 Nov 2021 - The Japanese group JERA has concluded a purchase agreement with Global Infrastructure Partners to acquire its approximately 25.7% interest in the Freeport LNG project in Texas (United States) The US$2.5bn transaction is subject to approval and authorisation procedures.
The Freeport LNG liquefaction terminal comprises three trains with an annual production capacity of approximately 15.45 Mt/year, built by McDermott, Zachry and Chiyoda on the site of an existing LNG import terminal. The first train was commissioned in December 2019, the second one in January 2020, and the third one in May 2020. A fourth train - also be rated 5 Mt/year (6.75 bcm/year) - is under consideration and could be commissioned as of 2023, raising the liquefaction plant's capacity to 20 Mt/year (27 bcm/year). JERA has already signed agreements to buy 2.3 Mt/year of LNG from the first train.
Japan is the world’s largest LNG importer, with its LNG imports representing approximately 20% of the world’s total LNG trade. Over 2014-2020, Japan's LNG imports decreased by around 3%/year to 95 bcm in 2020.
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Earlier:
2021, November, 9, 17:05:00
U.S. LNG INCREASE
Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).
2021, October, 22, 11:10:00
U.S. LNG GROWTH
Tepid production and strong global LNG export demand have helped to push NYMEX gas futures prices for the coming months beyond $5/MMBtu.
2021, October, 21, 15:15:00
U.S. LNG FOR CHINA
In 2018, China became the world's 2nd largest LNG importer in the world behind Japan. LNG imports amounted to 90.5 bcm in 2020 (+12%). Australia is the largest LNG supplier (44%), followed by Qatar (12%) and Malaysia (9%).
2021, September, 6, 11:40:00
U.S. LNG FOR POLAND
In 2018, PGNiG agreed to import 3.5 Mt/year of LNG from Venture Global’s Calcasieu Pass LNG project.
2021, August, 6, 11:25:00
U.S. LNG FOR BRAZIL UP
Over 90% of Brazil’s LNG import volumes in the first half of 2021 were from the United States.
2021, July, 28, 10:55:00
U.S. GAS PRICES UP
Tighter U.S. natural gas supply and demand balances in recent months contributed to price increases.
2021, July, 28, 10:50:00
U.S. LNG EXPORTS RECORD
U.S. LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather.
