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DMEA LNG DMEA

QP pens LNG deal with Singapore’s Pavilion

QATAR QATAR Petroleum (QP) has set up an LNG as North Field South (NFS), will increase it to
trading unit, while also striking a long-term deal 126mn tpy by the late 2020s.
QP has also set up an to supply the super-cooled gas to Singapore. QP is on a drive to find customers to take this
LNG trading unit. Doha-based QP Trading will aim to build up extra gas. QP Trading has signed a long-term
a globally diversified portfolio of third-party and sales and purchase agreement with Singapore’s
equity LNG, QP said in a statement on Novem- Pavilion Energy Trading & Supply, covering
ber 9. It will manage price risk exposure through 1.8mn tpy of supplies over a 10-year period, the
physical and derivatives trading. company said.
“These new capabilities, combined with a The agreement was reached following a com-
customer and market-centric approach, will petitive process. Al-Kaabi said the deal reflected
enable QP Trading to respond with greater the “commitment to respond to the needs of our
agility to the evolving needs of its customers, customers, including supply security, price com-
and to maximise the value of its portfolio,” QP petitiveness and flexibility.”
said. The latest contract comes after QP last month
QP Trading’s launch reaffirms QP’s “belief secured 25 years of storage and delivery capac-
in LNG’s economic and environmental value ity at the UK’s Grain LNG terminal beginning
proposition and its cornerstone role in the in mid-2025. QP had subscribed to some 7.2mn
energy transition,” company CEO and Qatari tpy of import capacity at the site in southern
Energy Minister Saad Sherida Al-Kaabi said in England, enabling it to make greater inroads into
a statement. the UK gas market.
Qatar, already the world’s biggest LNG Pavilion Energy not only imports LNG into
exporter, is embarking on a major expansion Singapore but also has its own LNG bunkering
project at the offshore North Field. The first network in the Asia-Pacific area. It recently made
phase, North Field East (NFE), will raise out- a pact with Finland’s Gasum on using each oth-
put from the current 77mn tonnes per year to er’s LNG bunkering infrastructure and supply
110mn tpy by 2025, while the second, known capabilities in their respective regions. ™

Eni: Topsides of FLNG vessel for

Coral South project completed

MOZAMBIQUE ITALY’S Eni said last week that the topsides of in at around 140,000 tonnes.
the floating LNG (FLNG) vessel that will be used When finished, the vessel will be capable of
Construction on the hull for the Coral South LNG project in Mozambique turning out 3.4mn tonnes per year (tpy) of LNG.
and topside modules had been completed. It will be towed from South Korea across the
began in September In a statement, Eni reported that the last of 13 Indian Ocean to the Mozambique Channel, off
2019. topside modules had been installed on the FLNG the coast of Cabo Delgado Province. It will be
at a shipyard owned by Samsung Heavy Indus- installed about 50 km from shore at Area 4, the
tries (SHI) in Geoje, South Korea. The shipyard licence area within the Rovuma Basin that will
lifted the modules, which weigh 70,000 tonnes provide gas for the Coral South LNG project.
altogether, onto the vessel one at a time, it said. This will make it the first floating gas liquefaction
Now that the vessel’s topsides are finished, plant ever to work in an ultra-deepwater zone.
“construction is continuing with integration Eni was the first international oil company
and commissioning activities,” Eni said. It also (IOC) to sign on to a major LNG scheme in
stressed that work on the FLNG was proceeding Mozambique. In 2017, it made an FID in favour
on schedule. of going forward with the $10bn Coral South
“This lifting, which marks the end of the LNG project. It has said it will drill six develop-
onshore-modules fabrication campaign con- ment wells in 2,000-metre-deep water to provide
figuring the entire gas treatment and liquefac- feedstock for the FLNG.
tion plant, is on schedule and in line with the The Italian company’s partners in the project
expected sail-away in 2021 and gas production are Mozambique Rovuma Venture (MRV), a
start-up in 2022,” it explained. joint venture owned by Eni, ExxonMobil (US)
SHI began building the hull and topside and China National Petroleum Corp. (CNPC);
modules of the FLNG in September 2019. It Galp (Portugal); KOGAS (South Korea) and
completed the hull in January 2020. The ship is ENH, Mozambique’s national oil company
432 metres long and 66 metres wide and weighs (NOC). ™

Week 45 12•November•2020 www. NEWSBASE .com P17