Page 8 - AsianOil Week 49
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country exports most of its gas, the govern- roadmap and policy, Malaysia would like to take
ment’s Natural Gas Roadmap (NGR) could a more active role.”
lead to higher domestic consumption of the The president of the Malaysian Gas Association
fuel. Kuala Lumpur is still drafting the NGR, (MGA), Hazli Sham Kassim, said on December 4
which is part of the National Energy Policy that he expected the roadmap to mirror other lead-
(NEP), and expects to release it in the first ing gas producers’ policy initiatives.
quarter of 2021. “MGA has been calling for NGR to be devel-
Mustapa said: “Malaysia is one of the biggest oped since 2018 in order to future-proof the
gas exporters. In fact, we are [among] the top [gas] industry by ensuring security of supply,
five in the world in exports and top 20 in terms increasing demand and liberalising the market.
of gas reserves. In terms of consumption, we We eagerly look forward [to] its release in 1Q,”
export most of our gas, about 70%. With this new the Edge Markets quoted him as saying.
Gunvor to supply Vietnamese
LNG-to-power project
PROJECTS & COMMODITY trader Gunvor International late 2021, with commercial operational deliv-
COMPANIES and US-based Energy Capital Vietnam have ery (COD) slated for 2025. The FSRU will
signed a deal that will ensure feedstock supply handle around 1.5mn tonnes per year (tpy) of
for another Vietnamese liquefied natural gas LNG and will be able to increase this through
(LNG) to power project. future development phases.
Gunvor said on December 8 that the two The project joins a growing line of LNG-to-
companies would form a joint venture that power projects that have moved closer to reali-
would trade and ship LNG on ECV’s behalf, sation in recent weeks.
with long-term supplies to come from Gunvor’s General Electric (GE) signed an MoU with
portfolio. Vietnam’s EVN Genco3 in November to develop
The LNG will be used to supply an LNG-to- the Long Son LNG-to-power project, also slated
power project in Binh Thuan Province, which is to start up by 2025, in Ba Ria-Vung Tau Province.
currently being developed by a consortium led GE will be contracted to install the gas turbine
by ECV. ECV chairman and CEO David Lewis technology and certain other equipment.
said the commodity giant would source the LNG PetroVietnam Power and a Vietnamese con-
from the US, thereby helping to improve the pro- struction firm, meanwhile, reportedly signed up
ject’s economics. Japan’s Tokyo Gas and Marubeni to build a sim-
The multi-phase power project will con- ilar project in Quang Ninh Province. The power
nect via subsea pipeline to an offshore floating plant will have a capacity of 1,500 MW.
storage and regasification unit (FSRU). The Japan’s JERA, ExxonMobil and the city of Hai
consortium aims to reach a final investment Phong signed an MoU to collaborate on another
decision (FID) on the project’s first phase in potential LNG-to-power project in October.
P8 www. NEWSBASE .com Week 49 10•December•2020
