Page 16 - GLNG Week 38

GLNG NEWS IN BRIEF GLNG

AFRICA cryogenic BOG compressors that have “This milestone is significant in that it
accumulated more than 4.2 million hours in demonstrates the capabilities of our FSRUs as
Siemens Energy to help service. a viable LNG importation solution that can
grow with the changing needs of the market,”
“Because of current restrictions brought on
reduce emissions at NLNG by the COVID-19 pandemic, all discussions stated Excelerate Chief Commercial Officer
Daniel Bustos. “We commend our crew for
between Siemens Energy and NLNG were
plant conducted remotely via virtual meetings,” said the safe and successful completion of this
Matthew Russell, Head of LNG Industrial
unprecedented test.”
Nigeria LNG (NLNG) selected Siemens Applications Products for Siemens Energy. EXCELERATE ENERGY, September 21, 2020
Energy to provide a cryogenic boil-off gas “In the end, proactive planning, perseverance,
(BOG) compression train for its Bonny Island and the long-standing relationship Venture Global LNG
plant. The solution will play a key role in between the companies facilitated seamless
providing additional BOG handling capability communication and smooth negotiations announces leadership
and spares for the existing system. virtually.”
The new BOG compression train will be Manufacturing, testing and packaging changes
driven by a high-efficiency electric motor of the compression train will take place in
and includes two Siemens Energy centrifugal Duisburg, Germany, with a Free on Board Robert Pender and Michael Sabel, founders,
compressors. delivery slated for Q4 of 2021. co-chairmen and co-CEOs of Venture Global
Located in Finima, Nigeria, the Bonny SIEMENS, September 23, 2020 LNG, jointly announced today an upcoming
Island plant has been in operation since change in corporate governance for the
1999. Siemens’ partnership with NLNG and company. With the approval of the board of
the Bonny Island project can be traced back AMERICAS directors, effective October 1, 2020, Mr. Sabel
over two decades when the plant was first will assume the role of CEO of the company
commissioned. Excelerate’s FSRU and Mr. Pender will continue to serve the
“With more than 20 years of safe and company as executive co-chairman, a new
reliable production, the NLNG Bonny Island Experience breaks industry officer position, supporting the company
plant is a staple facility in the global LNG and the CEO on key strategic and financial
industry,” said Arja Talakar, Senior Vice record for send-out matters. Mr. Pender will continue to serve on
President, Industrial Applications Products the company’s board of directors, together
for Siemens Energy. “NLNG’s selection of On September 16, Excelerate Energy with Mr. Sabel, both as executive co-chairmen
our cryogenic BOG compression technology successfully reached a send-out capacity of of the board.
is a testament not only to the reliability and 1.06 billion cubic feet (bcf) of natural gas on Mr. Pender stated, “It has been an
performance of our existing equipment at its floating storage and regasification unit exhilarating decade working with Mike
the plant but also to our focused service and (FSRU) Experience – an industry record. to create Venture Global LNG and to
ability to meet local content requirements The operation was completed during a help reshape the global LNG industry. In
through our in-country presence. The new performance test at the Guanabara Bay particular, through Venture Global, we are
BOG compression train will contribute to liquefied natural gas (LNG) regasification so proud that we have materially reduced
NLNG’s goal of reducing greenhouse gas terminal in Rio de Janeiro, Brazil. The test was the cost of LNG at a critical moment of
emissions in a highly sustainable manner.” conducted as a requirement for authorization transition for the world’s energy needs. We
The order further establishes Siemens to expand the terminal’s operational capacity have succeeded in large part because of the
Energy’s leading role in LNG boil-off gas from .71 BCF to its maximum capacity of 1 singular focus we have both personally fully
compression. The company has a fleet of BCF. invested, now I need to step back a bit. There
is no person I trust more than Mike to lead
this company we created together into the
future. I remain fully committed to Mike, the
company and its success, but in a different
role where I can add the highest value and at a
more balanced pace.”
Mr. Sabel added: “Bob and I have worked
together as partners for over 10 years, and
more important than the milestones achieved
have been the friendship and the time spent
together grinding through challenges and
building our team. The success we have
achieved would not have been possible
without Bob’s leadership, guidance, intellect
and energy. While roles are changing a
little bit, the partnership, collaboration and
intensity will continue for many years to come
as we continue to grow our business.”
VENTURE GLOBAL LNG, September 21, 2020

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