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February 27, 2020
SEA-LNG highlights benefits of LNG as a marine fuel
SEA-LNG announced the results of its latest independent investment study, which highlights the commercial benefits of LNG as a marine fuel for a newbuild 210K DWT Ore Carrier sailing from Australia to China. The study illustrates strong returns on investment for LNG as a marine fuel on a Net Present Value basis over a conservative 10-year horizon. The modelling analysis is bolstered by compelling payback periods of two to four years for the newbuild CAPESIZE on this major ore trade corridor.
Edited from SEA-LNG press release
February 26, 2020
Polskie LNG signs deal for the expansion of the Świnoujscie terminal
Polskie LNG from the GAZ-SYSTEM Group has signed a contract for the expansion of the existing LNG re-gasification facility by adding further SCV units. This will increase the current re-gasification capacity of the President Lech Kaczyński LNG Terminal in Świnoujście by 50%. The contract covers design of the facilities and assembly of the LNG re-gasification units and cryogenic pumps. Under the contract, two additional SCV units will be installed, raising the re-gasification capacity to 7.5 billion m3 of natural gas per year.
Edited from Polskie LNG press release
February 25, 2020
Centrica delivers commissioning cargo to Sergipe
Centrica plc and Centrais Elétricas de Sergipe S.A. (CELSE) have collaborated to commission an LNG import terminal in Brazil. On 4 February, a Centrica-chartered vessel, the Singapore Energy, delivered 95,000 m3 of LNG by a ship-to-ship operation to the Golar Nanook FSRU located 8.5 km off the coast. The FRSU is connected by pipeline to CELSE’s Usina Termoelétrica Porto de Sergipe I combined-cycle gas-fired power plant.
Edited from Centrica press release
February 25, 2020
EDF signs 20-year LNG SPA with Venture Global LNG
Venture Global LNG announces that Venture Global Plaquemines LNG and Électricité de France have entered into a 20-year SPA for the supply of 1 MTPA from the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. Under this agreement, EDF will purchase LNG on an FOB basis for a 20-year term starting from the commercial operation date of the Venture Global Plaquemines LNG export facility.
Edited from Venture Global LNG press release
February 20, 2020
Qatar Petroleum books capacity in Montoir
An affiliate of Qatar Petroleum and Elengy, a subsidiary of ENGIE Group, entered into a long-term agreement for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG Terminal in France. Under the agreement, Qatar Terminal Limited, a subsidiary of Qatar Petroleum will subscribe to the equivalent of almost 3 MTPA of the terminal’s throughput capacity for a term up to 2035.
Edited from Elengy press release