Page 16 - AsianOil Week 49 2021

AsianOil NEWS IN BRIEF AsianOil

customers seeking reliable, affordable and on the progress of its proposed LNG a conditional heads of agreement (HoA)
lower-carbon energy to meet demand and regasification terminal at the site of its between the ATP 2021 joint venture parties
support their countries’ decarbonization goals. Geelong refinery. The gas terminal project will (JV) and AGL Wholesale Gas Limited (“AGL”)
Baker Hughes’ scope of supply includes be a key infrastructure solution to enable a for the sale of all gas produced from the
six LM6000PF+ aeroderivative gas turbines replacement source of gas supply and support Vali Field from field start-up (mid-CY2022)
and 14 centrifugal compressors for the main the National Electricity Market’s (NEM) through to the end of CY2026. This is
refrigerant train, as well as one gas turbine transition to lower-carbon energy. anticipated to be a minimum of 9 PJ and up
generator in addition to the existing Train 1 Viva Energy announces that, in addition to to 16 PJ of gross sales gas over the contract
power system. The LM6000PF+ turbine is its existing project partners – the consortiums term, to be sold on a mix of firm and variable
highly efficient, cost-effective and flexible in of Engie Australia & New Zealand / Mitsui pricing at market rates.
operation, maximizing efficiency and helping and Vitol / VTTI – it has entered into a The terms set out in the HoA will form the
to lower greenhouse gas emissions. memorandum of understanding (MoU) with basis of a fully termed Gas Sales Agreement
“This latest order builds on our Woodside, Australia’s leading natural gas (“GSA”) which will include AGL providing
longstanding relationship with Woodside producer. an upfront payment of $15 million to the JV
dating back to 1989, when we first started The MoU outlines terms for ongoing in three tranches as the project moves to first
partnering in pioneering LNG solutions discussions of a capacity rights agreement at gas, subject to execution of the GSA and the
for natural gas supply,” said Rod Christie, Viva Energy’s proposed Gas Terminal Project, satisfaction of its conditions precedent. The
executive vice president of Turbomachinery which would, subject to definitive agreements JV funds will be used specifically for the Vali
& Process Solutions at Baker Hughes. “Our and approvals, enable Woodside to supply Field to fund the work program, including
state-of-the-art technology combined with and regasify LNG to the east coast Australian the completion of all three Vali wells and the
Woodside’s commitment to supplying lower market. The MoU provides a framework and tie-in of the Vali Field to the nearby Moomba
carbon intensity liquefied natural gas shows timeline to negotiate binding regasification pipeline network.
how we can responsibly provide secure energy capacity commitments, which are targeted Vintage Managing Director, Neil Gibbins
together. Pluto Train 2 will be critical for to be executed following Woodside and said, “Once more I am delighted with how
the energy transition, supporting the strong Viva Energy approvals and are subject to things are progressing as we fast approach
demand for natural gas and the need for a final investment decision. Woodside will becoming a domestic east coast gas producer.
increasingly efficient, safe and reliable LNG work together with Viva Energy in the “The heads of agreement for the proposed
operations.” Project on an exclusive basis in relation to sales of up to 16 PJ of gas to AGL will deliver
Packaging of the turbine/compressor LNG regasification terminals in south-east significant cash flow to the Joint Venture over
train, a unique Baker Hughes offering, Australia. the term of the contract and also provide the
manufacturing of compressors and testing Subject to regulatory approvals, Viva Joint Venture with an upfront payment for
of the trains will take place at Baker Hughes’ Energy is planning to take a final investment funding capital works required to achieve first
facilities in Florence and Massa, Italy. Baker decision to proceed with the Project by the gas. These are great outcomes for Vintage and
Hughes LNG turbomachinery equipment third quarter of 2022, which would enable it to all the participants in the agreement.
is installed at 50 LNG plants in operation help address the expected gas supply shortfall “I see this agreement as validation that
around the world, driving more than 420 in the east coast Australian market from the the Vali gas field will be commercialised.
MTPA of global LNG installed capacity. mid-2020s. Along with our recently announced tripling
BAKER HUGHES, December 07, 2021 The support of project partners of reserves for the Vali Field, which took the
demonstrates the strong credentials of gross 2P reserves to 101.0 PJ (50.5 PJ net to
MoU agreed with Geelong as the preferred location for an LNG Vintage, or 50,500,000 GJ), we are now close
terminal in south-eastern Australia.
to supplying meaningful amounts of gas
Woodside to progress LNG VIVA ENERGY, December 09, 2021 into the Australian east coast market. With
strengthening gas prices in the domestic
regasification agreement, Vintage signs HoA for Vali and international markets, it should be very
clear to all that the Vali Field is a sizeable and
Viva Energy signs heads of gas sales of up to 16 PJ (8 valuable asset for Vintage and its shareholders.
VINTAGE ENERGY, December 06, 2021
agreement for FSRU PJ net)

Viva Energy today provides an update Vintage Energy is pleased to announce

P16 www. NEWSBASE .com Week 49 10•December•2021