EDF inks 20 year LNG deal with U.S. Cheniere Energy

21/07/2014 10:52 Natural Gas


French energy giant EDF entered into 20-year liquefied natural gas (LNG) sale and purchase deal with Cheniere Energy, Inc. in Texas.

Under the deal, EDF has agreed to buy 380,000 tons of liquefied natural gas from the second phase, or train, of the LNG export facility under development in Corpus Christi, Texas. Another 770,000 tons of LNG would come from Train 3 once it is completed. The export terminal in Corpus Christi is being designed for up to three trains with a net production capacity of 13.6 million tons of LNG per year. Cheniere expects LNG exports from the Corpus Christi Liquefaction Project could begin as early as 2018.

Daily (02.03.2021): Oil prices fell sharply on Monday amid jitters that OPEC will raise output

02/03/2021 09:24:00

Crude oil futures extended losses on Monday amid supply concerns ahead of the OPEC+ key meeting on Thursday, rising output from Venezuela, and weak crude demand from China. Hence, Brent crude settled at $63.69 a barrel, dropping by $2.44, or 3.7%. Meanwhile, U.S. WTI crude fell by 0.86 cents or 1.4%, to end at $60.64 a barrel.


Lithuania to start supplying LNG to Poland next year

02/03/2021 08:57:00

Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.


ENA brings more flexibility to the grid with contract update

02/03/2021 08:53:00

The Energy Networks Association (ENA) has updated its standardised flexibility contract used across the energy sector to offer more transparency and increase accessibility.