PGNiG and Cheniere continue cooperation in LNG supplies. (Credit: PGNiG) Polish Oil and Gas Company (PGNiG) has received another supply of U.S. liquefied natural gas from Cheniere, continuing the cooperation between the two companies to provide secure supplies of natural gas to Poland. Under the 2018 contract between both companies, starting from 2023 the annual LNG volume to be delivered by the US producer will increase to 1.95 bcm after regasification.On April 28th, 2020 the LNG carrier with the symbolic name “GasLog Warsaw” anchored at the President Lech Kaczyński LNG Terminal in Świnoujście, delivering approx. 70 thousand tons of LNG, which after regasification equals about 95 mcm of natural gas. This is the third supply from Cheniere under a long-term contract with PGNiG, and the second delivered this year under the contract. The cargo arrived from the Sabine Pass export terminal on the Gulf of Mexico.“Despite the current turmoil in the world related to the coronavirus pandemic, LNG supplies flow to Poland as planned and without any disruptions. In this respect, we can count on the reliability and timeliness of our contractors,” commented Jerzy Kwieciński, President of the PGNiG Management Board. “LNG import is one of the pillars of our country’s energy security, which we base on solid foundations of cooperation with our American partners among others. In the case of LNG from Cheniere, the supply volume will increase significantly from 2023, reaching about 1.95 bcm of natural gas annually,” added the PGNiG President.“Cheniere is pleased to continue to reliably deliver LNG to our customer PGNiG,” said Anatol Feygin, Executive Vice President and Chief Commercial Officer at Cheniere. “We are committed to the goal of providing a secure source of U.S. natural gas for Poland, now and in the future.”PGNiG and Cheniere Energy have been working together for several years. In June 2017, the first load of American liquefied gas in history arrived in Poland – a spot supply from Cheniere. At the end of 2018, both companies concluded a long-term LNG supply agreement, and the first cargo under this contract arrived in July 2019. In the meantime, PGNiG received a few spot supplies of LNG produced by Cheniere. The current delivery is the third under a long-term contract between PGNiG and Cheniere signed in 2018. The previous one arrived on April 1, 2020. According to the agreement, the volume of supplies covers a total of around 0.7 bcm in the entire period of 2019-2022, and throughout the period of 2023-2042 it will cover a total of approx. 39 bcm of natural gas after regasification, i.e. approx. 1.95 bcm after regasification annually. Source: Company Press Release Under the 2018 contract between both companies, starting from 2023 the annual LNG volume to be delivered by the US producer will increase to 1.95 bcm after regasification
Hogs For The Cause Taps Lukas Nelson, Dumpstaphunk + George Porter Jr., Marco Benevento, & More For 2019
This week, New Orleans’ charity Hogs For The Cause music and barbecue festival announced the artist lineup for their 2019 event, set to take place at UNO Lakefront Arena on March 29th and 30th.As the unique event’s description notes,Our barbecue festival is a two-day event full of music, local beer, and fundraising. Both New Orleans musicians and national musical acts will keep you dancing all weekend long to whet your appetite to try every food option from Alabama white sauce to cracklin cochon de lait nachos. On Friday night, we celebrate glorious bacon at Bacon Night, while Saturday is the main event. Join us for the tastiest BBQ festival in New Orleans!The 2019 lineup will feature performances from Trampled By Turtles, Lukas Nelson & Promise of the Real, The War and Treaty, Dumpstaphunk + George Porter Jr., Samantha Fish, American Aquarium, Marco Benevento, Low Cut Connie, Bishop Gunn, Lost Bayou Ramblers, Red Shahan, Liz Cooper and the Stampede, The Wooks, Walter Wolfman Washington and the Roadmasters, Brent Cowles, Luthi, Hot 8 Brass Band, The Iceman Special, J and the Causeways, Roadside Glorious, and One South Lark.Hogs For the Cause Lineup Announcement VideoIn addition to the musical lineup, Hogs For The Cause will welcome “85 local and regional BBQ masters and the best backyard chefs to compete in seven categories: Whole Hog, Ribs, Pork Butt/Shoulder, Porkpourri, Sauce, Fan Favorite, and Fundraising Champion.”Of course, the “Cause” portion of the event is just as important as the mouth-watering “Hogs” they’ll be serving. As the event website explains,Hogs for the Cause is the premier funding source for pediatric brain cancer outreach services in the U.S. We have given 600 grants over 10 years. We are partnered with several hospitals to reach these families, including Children’s Hospital of New Orleans, Ochsner Hospital for Children, Duke Children’s Hospital, Medical University of South Carolina (MUSC) Children’s Hospital, Children’s Healthcare of Atlanta at Scottish Rite, and Children’s Hospital of San Antonio. You can learn more about Hogs For The Cause and the Children’s Hospital of New Oreans’ Hogs House, “a multi-million dollar project that offers these families a place to stay outside of the hospital where children are able to socialize with other kids, parents have a support system, and teams have ongoing opportunities to interact with these families.Tickets for Hogs For The Cause 2019 go on sale this Friday, December 7th, at 10 a.m. CST. For more details and ticketing information, head to the event website.
Quechee, VT Strategic Exit Advisors LLC, a growing business financial services firm, is now open for business in Vermont. SEA provides owners of privately held companies with business valuation, exit planning and mergers and acquisitions advisory services. The New England office is the companys third. Other offices are located in Princeton, NJ and Doylestown, PA Craig Allsopp, a founding partner of SEA, will lead the firms business growth efforts in the region. We chose the Upper Valley because its a growing business hub, accessible to other parts of New England and a great place to live, said Allsopp, who recently moved from the Princeton area. Its as simple as that. SEA helps business owners consider their options for maximizing value while minimizing taxes as part of the planning process for selling or transferring their companies. With baby boomer business owners starting to retire, we are on the verge of the largest generational wealth transfer in history, says Allsopp, who was CEO of Internet Publishing Group prior to its sale in 2002.We aim to put business owners in a the position where they can reap the benefit of their hard work and convert their ownership interests into cash either by selling to a third party or transferring their companies to family members or key employees. SEAs client base includes manufacturers, auto dealers, business service companies and distribution firms. The companys web site is www.seadvisorsllc.com(link is external). Meet Our Partners &Craig O. Allsopp is a founder of Strategic Exit Advisors and a Certified Business Intermediary®. He is a former executive and publishing company CEO with more than 25 years of experience working with B2B companies. He holds a Masters Degree from Penn State University and earned his Financial Planning certification from Boston University. Craig is a member of the Business Enterprise Institute and speaks and writes frequently about exit planning and private company ownership.Curt A. Cyliax is a founder of Strategic Exit Advisors and a Certified Public Accountant. He is a veteran business intermediary and certified equipment appraiser whose exit planning and transaction experience includes working with business owners in the manufacturing, distribution and education sectors. Curt is a member of the Institute of Business Appraisers and a former Board member of the Pennsylvania Business Intermediaries Association. He is a graduate of Drexel University. Rob W. Waring is a partner in Strategic Exit Advisors and a Certified Public Accountant. Rob is a graduate of Lehigh University with more than 15 years of financial experience in both public accounting and senior financial management roles. His experience is primarily with high-growth businesses in the pharmaceutical, chemicals and consumer products industries and includes responsibilities for acquisitions and divestitures as well as corporate finance work.