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Printed by Jessica Casey,
Editor
LNG Trade,
Trafigura, a market chief within the world commodities business, has signed a long-term LNG settlement with Tourmaline, Canada’s largest pure gasoline producer. This marks the primary time that Trafigura and Tourmaline have signed an LNG settlement collectively.
Tourmaline has elevated its publicity to JKM by coming into right into a netback settlement with Trafigura based mostly on 62 500 million Btu/d of LNG (~0.5 million tpy) for a seven-year time period beginning January 2027, with the potential for extension as much as December 2039.
Tourmaline has additionally expanded its worldwide publicity to incorporate a bodily net-back settlement with Trafigura Canada Restricted which can obtain Dutch TTF index pricing. Beginning in March 2024, Tourmaline will ship 50 000 million Btu/d of pure gasoline at AB-NIT and obtain a Dutch TTF index value (much less related deductions) till December 2026.
Mike Rose, President and CEO for Tourmaline, mentioned: “We’re enthusiastic about our latest transaction with Trafigura and the chance to broaden our publicity to worldwide LNG markets.”
Richard Holtum, International Head of Fuel, Energy and Renewables for Trafigura, added: “We’re delighted to construct on our relationship with Tourmaline at a time when Canadian gasoline producers are beginning to play a pivotal function in world LNG markets. As we speak’s agreements help our dedication to those markets and to the expansion of our long-term portfolios, whereas demonstrating our skill to supply progressive, tailored options and making certain safety of provide for our prospects worldwide.”
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/16012024/trafigura-signs-long-term-lng-agreement-with-tourmaline/
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