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November 9, 2020
QP and Pavilion Energy sign first carbon tracked LNG SPA
Pavilion Energy and QP Trading, the newly created LNG trading arm of Qatar Petroleum, have signed the world’s first carbon tracked LNG SPA. Qatar Petroleum will supply of up to 1.8 Mtpa of LNG to Singapore during 10 years starting from 2023. Each LNG cargo delivered under this agreement will be accompanied by a statement of its GHG emissions measured from well to discharge port. The agreement was a result of the world’s first tender with carbon neutral ambitions for LNG supply to Singapore that Pavilion Energy launched in March 2020.
Edited from Pavilion Energy’s and Qatar Petroleum’s press releases
November 4, 2020
DESFA takes stake in the Alexandroupolis project
DESFA SA, owner and operator of the National Natural Gas Transmission System of Greece, has acquired 20% of shares of Gastrade SA. The new shareholder agreement was signed on November 4, 2020 by the existing shareholders Mrs. Elmina Kopelouzou, GasLog Cyprus Investments Ltd and DEPA Commercial SA, Bulgartransgaz EAD, the new shareholder DESFA SA and the company Gastrade SA. Gastrade is developing the Alexandroupolis Independent Natural Gas System project, an LNG FSRU located offshore 17.6 km southwest of the port of Alexandroupolis in Greece.
DESFA’s shareholders are SENFLUGA S.A. (Snam S.p.A., Enagás S.A., Fluxys and DAMCO S.A.) with 66% and the Greek State with 34%.
Edited from Gastrade’s press release
November 2, 2020
PipeChina halts construction at Beihai LNG terminal
PipeChina, which has taken over ownership of Beihai LNG terminal from Sinopec, has halted expansion construction works at the second phase of the facility after a fire broke out near its No.2 storage tank, completion of which had been scheduled for June. The fire has been extinguished and an investigation is ongoing to find out the cause of the accident.
October 26, 2020
Hammerfest LNG to remain shut down for repairs
Hammerfest LNG plant will remain shut down for repairs until October 2021 after the fire on 28 September. In addition to damage caused by the fire on the air intake on one of the plant's five power turbines, seawater from the extinguishing has damaged other auxiliary systems such as electrical equipment and cables. The duration of the shutdown will depend on the delivery time of necessary equipment and will also be affected by the current restrictions related to the Covid 19 virus.
Edited from Equinor’s press release
October 23, 2020
Enagas joins Ravenna LNG project
Scale Gas Solutions, a subsidiary of Enagás specialized in small scale LNG, has acquired from Edison 19% of the shares of Depositi Italiani GNL, the newco created in 2018 by Edison and Petrolifera Italo Rumena (PIR), which develops the first coastal deposit project in Italy, small scale Ravenna LNG. After the transaction, the shareholding structure of Depositi Italiani GNL will be: 51% PIR, 30% Edison and 19% Scale Gas Solutions.
The Ravenna project, having 20 000 m3 of LNG storage capacity and over 1 million m3 of LNG annual handling capacity (sufficient to supply 12 000 trucks and up to 48 ferries per year), is expected to start commercial operations in October 2021.
Edited from Edison’s press release