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You will find in this section the latest public news regarding the liquefied natural gas market, regulation and innovations. Please type any keyword in the search box and /or use the  ”area”, “topic” and “date” filters to refine your search. Feel free to submit your news to GIIGNL using the contact form.

 

July 3, 2019

MAN commissions LNG-fired engine power plant in Gibraltar

MAN Energy Solutions has successfully commissioned three 14V51/60 gas and another three dual-fuel engines in the newly constructed power plant in Gibraltar. Each of the engines can generate an output of approximately 14 MW. A part of the waste heat from the engines will additionally be used for regasifying LNG in the connected LNG terminal. With an output of 86 MW, the overall capacity of the new power plant significantly exceeds Gibraltar's current peak demand by about 42 MW.

Edited from MAN Energy Solutions press release

July 2, 2019

Hungary opens its first LNG filling station

Hungary has opened its first filling station for LNG in the south of Budapest, as part of the PAN-LNG project.

The opening of the station allows Hungary to now join the European Transatlantic Network (TEN-T) with one corridor extending 550 km and the other by 420 km.

The primary objective of the project is to prepare the deployment of the infrastructure network necessary for the development of LNG-fueled transport in Hungary and to implement the first filling points and ensure their supply. It also allows for Hungarian transport companies to buy LNG-fueled vehicles for domestic freight transport.

The construction of the public LNG and CNG filling station was carried out by Pannon Fuel, with a total investment of over €1.2 million ($1.35 million),  85 % of which comes from EU funds.

As part of the PAN-LNG Project, the construction of a domestic LNG production plant has also started.

July 2, 2019

Ancala acquires 50% interest in Dragon LNG

Ancala Partners, the infrastructure investment manager, announced the acquisition of a 50% interest in Dragon LNG regasification terminal located at Milford Haven, Wales. Ancala acquired the interest from PETRONAS LNG, a subsidiary of PETRONAS. PETRONAS will continue to be a customer of Dragon LNG as a counterparty to a long-term throughput agreement with the terminal.

Edited from Ancala Press Release

July 1, 2019

Belgian regulator approves tariffs for Zeebrugge LNG terminal

The Belgian federal energy regulator, CREG, has approved the tariff and LNG services agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal.

The new long-term contracts for unloading at the Zeebrugge LNG terminal expire in 2028. During a subscription window held from April 30 to May 24, 2019, unloading slots and additional storage services at the Zeebrugge LNG terminal were offered over subsequent periods up to 2044.

Fluxys said that the subscription window revealed binding interest from the market for the entire unloading capacity at the facility up to 2044.

As market interest proved positive, the accompanying tariff proposal and LNG services agreement proposal for the requested services were submitted to CREG, who has approved both regulatory documents.

The new tariffs for unloading slots and additional storage will take effect 10 days after notification of the decision of CREG and new long-term contracts will now be concluded from the binding commitments made through the subscription window

Edited from Fluxys press release.

June 29, 2019

Mitsui and JOGMEC purchase Arctic LNG-2 stake from NOVATEK

NOVATEK and the consortium of Mitsui and JOGMEC signed an agreement to sale and purchase a 10% interest in the Arctic LNG-2 project. The participation in the project also provides for the long-term offtake of approximately 2 MTPA of LNG by the Japanese partners. The agreement will close in the nearest future subject to regulatory approvals.

Edited from NOVATEK Press Release

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