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13

Apr
2021

In Uncategorized

By Bill

Trafigura Lng Master Agreement

On 13, Apr 2021 | In Uncategorized | By Bill

BP, which has a global LNG portfolio of volumes produced or purchased, said on its website that it expected the release of its LNG sales and sales (MSPA) licensing and sales models “to contribute to a broader debate on standardization and liquidity for LNG operations.” Houston, January 16, 2018 /PRNewswire/ — Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary Cheniere Marketing, LLC (“Cheniere Marketing”) has entered into a contract with Trafigura Pte Ltd (“Trafigura”) to purchase liquefied natural gas (“LNG”), under which Trafigura has agreed to acquire approximately 1 million tonnes of LNG per year from Cheniere Marketing to Anbord from 2019. The purchase price of LNG is indexed to the monthly Henry Hub price plus a tax. While portfolio sellers seem to be becoming more active in short and spot trading than was traditionally the case, we see the opposite of traders, some of whom have contracts to buy long-term LNG, including as a founding client of LNG projects in green grasslands. By the end of 2018, Vitol has agreed to purchase 0.8 MTPA from Petronas, which will be delivered over a 15-year period from the LNG Canada project, which will begin in 2024 and has signed a 10-year contract at the end of 2019 to launch Trains 1 to 3 of Nigeria`s LNG project, with delivery beginning in October 2014. In 2019, Gunvor agreed to acquire a total of 3 MTPA from the Commonwealth LNG project in the United States, to play a marketing role and to assist the project in securing gas and gas production contracts. While it was previously less common to see traders in long-term LNG sales and purchase transactions, traders must necessarily obtain quantities for trade and, considering that they are confident in their future market prospects and their ability to resell those volumes as part of their business activities, this may include buying on a medium- to long-term basis. One of the potential factors in dealers` decision to take over long-term clients of green prairie projects could be the ability to obtain relatively favourable terms as a founding client of the project. Traders may also consider that the market for the provision of services will have been strengthened until the start of the delivery activity of the projects concerned and, therefore, these transactions may be motivated by the desire to suspend the offer from that date under current conditions in order to support their long-term business activities. According to Bloomberg, Trafigura, Gunvor and Vitol (the three main LNG-active commodity trading plants) have more than doubled their supply volume compared to 2017-18 (nearly 9% of world LNG trade in 20187). This trend continued until 20198. In recent years, we have also seen these distributors and other active measures to expand their participation in the industry beyond trade, such as investments in LNG regassing terminals.

We assume that this trend will continue and that the tasks of distributors will continue to deteriorate, given the risk profiles they may accept (compared to portfolio providers and dedicated one-handed suppliers that market project volumes in green grasslands). SINGAPORE (Reuters) – Global oil and gas group BP has released its master sales and sales contracts for its liquefied natural gas (LNG) trading business and is the first of its colleagues, according to its own account. Trafigura`s press office – Tel: `41 22 5924 4528 or media@trafigura.com 1st www.reuters.com/article/us-singapore-lng-usa/pavilion-cancels-u-s-lng-cargo-loading-as-market-faces-oversupply-idUSKBN1XT1X8 2 www.ashurst.com/en/news-and-insights/legal-updates/destination-restrictions-called-out/ 3.