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Short LNG deals could boost derivatives; Cheniere to buy out holding company


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Short LNG deals could boost derivatives; Cheniere to buy out holding company

Shorter LNG contracts could boost US derivatives trading, regulator says

A shift in the global LNG market toward shorter and smaller contracts could help foster a U.S. market for derivatives tied to the burgeoning commodity, a federal trading regulator said. Unlike oil, global gas trade has mostly consisted of long-term contracts that allow pricey export ventures to receive financing. But as new projects pump additional supply into the market and shipping capacity grows, buyers are opting for shorter-term contracts and even spot trades, the CFTC said in a May 16 report.

Cheniere offers to buy out its MLP's holding company

LNG exporter Cheniere Energy Inc. offered to buy all of the outstanding shares of Cheniere Energy Partners LP Holdings LLC that it does not already own, a move that would consolidate the parent company's control over its master limited partnership that operates the Sabine Pass Liquefaction LLC LNG terminal in Louisiana. Under the proposal, Cheniere would issue 0.45 share for each outstanding Cheniere Partners Holdings share, for an estimated value of $28.24 per Cheniere Partners Holdings share.

More than 200 Bcf of US gas has reached South Korea, DOE data shows

More than 200 Bcf of American shale gas has made it to South Korea in the form of chilled LNG, according to U.S. government data. From Cheniere's first export in February 2016 through March 2018, South Korea was home to 17.8% of U.S. LNG, making it the second-biggest destination after Mexico, U.S. Department of Energy figures show.

Shell JV affirms commitment to start building C$40B LNG export project in 2018

The CEO of Royal Dutch Shell PLC-led LNG Canada reaffirmed the company's commitment to starting up construction on its proposed C$40 billion LNG gas export facility in 2018, Reuters reported May 15.

Sierra Club asks DOE to reject Jordan Cove's request to boost LNG export order

The Sierra Club asked the U.S. Department of Energy to reject a request by the developer of the Jordan Cove LNG project to alter a conditional export license granted during the stalled $10 billion venture's first attempt through the federal permitting process.