Page 10 - GLNG Week 23

GLNG AsiA GLNG
PTT sells first LNG cargo
PERfoRmAnCE
SINGAPoRE-BASEd PTT International Trad- ing has sold its rst LNG cargo, a company exec- utive told Reuters last week.
e company, the trading unit of ailand’s state-owned major PTT, acquired the cargo from an undisclosed supplier. While the source said the cargo was to be delivered to an Indian buyer this month, they did not reveal any other details of the deal.
While PTT began importing LNG in 2011, this is the group’s rst sale. e energy major set up its Singaporean trading desk in February and is in the process of optimising its LNG-related assets. PTT has long-term supply contracts with QatarGas, BP, Royal dutch Shell and Malaysia’s Petronas for the import of slightly more than 5 million tonnes per year of LNG.
ailand relies heavily on natural gas in its primary energy mix and the country is upping its imports of LNG. PTT has earmarked around US$4 billion for domestic gas pipeline and LNG terminal projects during 2019-23.
PTT has an 11.5 million tonne per year import terminal at Rayong and is understood
to have begun building a second facility with a capacity of 7.5 million tonnes per year, which is slated for start up by 2022.
In addition to boosting LNG imports, listed upstream arm PTT Exploration and Production (PTTEP) has unveiled plans to raise its gas pro- duction in neighbouring Myanmar. e com- pany aims to increase output from the Zawtika gas block to 400 mmcf (11.33 mcm) per day up from 290 mmcf (8.21 mcm) per day at present. Zawtika supplies both ai and Myanmar gas demand. M3, meanwhile, is slated to produce 60 mmcf (1.7 mcm) per day during its rst stage of production.
The additional volumes will go towards underpinning construction of a new 600 MW gas- red thermal power plant (TPP) in Myan- mar, which PTT Exploration and Production (PTTEP) and a liated Global Power Synergy (GPSC) agreed to build at the start of June.
PTTEP has interests in six on- and o shore gas fields in Myanmar: an 80% stake in both Zawtika and M3; 19.3% of Yetagun; 25.5% of Yadana; 100% of M11, and 50% of Md-7.™
AUstRAlAsiA
WA launches emissions consultations
PoliCy
WESTERN Australia’s Environmental Protec- tion Authority (EPA) launched a 12-week con- sultation programme this week into its carbon emissions guidelines.
The EPA originally released guidelines in March requiring major new resource projects to o set all of their associated carbon emissions. But the immediate backlash from industry – including from LNG developers – as well as from the WA government saw the regulator withdraw the rules shortly a er.
EPA chairman Tom Hatton acknowledged on June 10 that the regulator’s previous provisions had caused confusion and concern and said the 12 weeks of consultation would be thorough.
“It’s a dinkum consultation, so we are abso- lutely open-minded, and we’re looking forward to the information we receive from the commu- nity,” he said.
Local daily The West Australian quoted a Woodside Petroleum spokeswoman as saying the company wanted rules that recognised the global e ect of LNG exports on carbon emis- sions. Hatton said the EPA would consider the industry’s emission argument, adding that if it were not considered, there could be legal chal- lenges to EPA recommendations.
Meanwhile, Australian Energy and Emis- sions Reduction Minister Angus Taylor claimed earlier this month that the country’s LNG exports cut 148 million tonnes of global green- house gas (GHG) emissions in 2018 on account of displaced coal consumption in Asia.
e department of Environment and Energy said it had reached the 2018 gure by comparing the emissions from the burning of Australian LNG exports against those generated from an equivalent amount of energy found in black coal. It said: “Under this comparison, the combustion of LNG exports would generate 197.1 million tonnes Co2-e, which is around 148 million tonnes Co2-e less than the emissions generated by the combustion of the same amount of energy of black coal (345.1 million tonnes Co2-e).”
However, the government’s GHG claims have been disputed by a prominent local climate sci- entist, Bill Hare, who has 30 years of experience working in climate science. He said: “Govern- ment claims that Australia’s LNG exports are reducing emissions globally are grossly exagger- ated and, depending on the real level of meth- ane leakages, reservoir Co2 venting and losses, and where the LNG is coming from in Australia, likely to be wrong.”™
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w w w . N E W S B A S E . c o m Week 23 13•June•2019