Icon Energy Extends GSA with Shantou SinoEnergy

Icon Energy Extends LNG GSA With Shantou SinoEnergy

Icon Energy and Shantou SinoEnergy have agreed to extend the completion date for conditions precedent in the GSA signed by the companies in March 2011.The new date for completion of „Conditions Precedent“ is on or before 30 June 2015.

The LNG sales agreement includes following conditions precedent with amended dates:

– Shantou SinoEnergy is to obtain any necessary import approvals on or before 30 June 2015 from Chinese government Authorities to allow the construction and operation of the receiving facilities and the purchase and import by it of LNG under the LNG sales agreements.

– Icon will also have to deliver to Shantou SinoEnergy on or before 30 June 2015 the written certification of a rating agency specifying for buyer a credit rating of AAA or Aaa;

– Icon will deliver to Shantou on or before 30 June 2015 a reserves certificate of at least 2.0 TCF of proven and probable reserves of natural gas;

– Icon has to obtain, by or before 30 June 2015 all required authorizations (including for the development and operation of any feedstock fields and LNG facilities) on terms satisfactory to seller in its sole discretion.

Press Release, June 30, 2014

Share this article

Follow LNG World News

3 thoughts on “Icon Energy Extends GSA with Shantou SinoEnergy”

  1. Pingback: sidney
  2. Pingback: Shannon
  3. Pingback: floyd

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >