Page 14 - GLNG Week 15

GLNG
NEWS IN BRIEF
GLNG
of higher learning are welcome to participate. Shortlisted participants will have the opportunity to testbed their solutions through Keppel O&M’s Floating Living Lab (FLL), the first-of-its-kind offshore floating testbed in Singapore.
Expected to be operational by end 2021, Keppel O&M’s FLL will provide a platform for the industry and the research community to testbed and commercialise promising power and technology solutions for the marine sector. The FLL will have liquefied natural
gas (LNG) bunkering facilities for harbour crafts and small vessels. It will also house
an embedded power generation system to power Keppel O&M’s operations, with excess electricity to be exported to the national grid. KEPPEL OFFSHORE & MARINE, April 15, 2020
Samsung Heavy receives
order for two LNG-fuelled
VLCC newbuilds
On April 14, Samsung Heavy Industries disclosed in its regulatory filing that it had clinched a deal worth a total of $209.2mn (KRW 253.6 billion) with a Bermudan ship owner to build two LNG-fuelled VLCCs, which will be delivered by April 2022.
Equipped with S-Fugas, an LNG fuelling system independently developed by SHI, these vessels will comply with IMO 2020 which took effect early this year and reduce the emission of SOx by 99%, NOx by 85% and carbon dioxide by 25% compared to diesel fuel.
Other cutting-edge technologies of SHI, such as Energy Saving Devices (ESDs), which enhance fuel efficiency by improving rotational energy efficiency of propellers while operating, and SVESSEL, a smart ship solution, will be applied to the ships as well.
To pre-emptively respond to rising demand for cleaner ships in the wake of IMO 2020,
SHI has developed a competitive edge in LNG-fuelled vessels, adopting LNG fuel tanks and engines in different forms and materials as ME-GI and X-DF since 2012.
“We see increasing demand for LNG- fuelled VLCCs on top of that for S-max
and A-max tankers powered by LNG. SHI aims to take more opportunities to come as we have predominated the market with the advancement of technologies,” said an official of Samsung Heavy.
SAMSUNG HEAVY INDUSTRIES, April 14, 2020
EUROPE
Shell reportedly offers LNG
cargoes for five years from
2021
Royal Dutch Shell has reportedly offered LNG cargoes for loading from 2021 onwards for a period of at least five years through a tender, Reuters reported this week, citing three traders familiar with the matter. The move has been described as an unusual one.
The news service reported that according to two of the traders, Shell had issued a five- year strip tender offering four cargoes per year starting in 2021, with an option to extend for another five years.
One of the traders said the cargoes are likely to be for loading from Australia. The tender is due to close on May 18.
LNG terminals managing
record operations during
crisis
Widespread crises, such as the current one we are experiencing, make us more aware of
critical services and the systems that deliver them. The gas infrastructure is such critical infrastructure – delivering uninterrupted energy across Europe to continually produce electricity, fuel industry and transport, and provide affordable energy for cooking, heating and cooling.
Energy security is a key enabler for economic activity and an essential element of the recovery from the current crisis. As included in the G20 Extraordinary Energy Ministers Meeting Statement, issued 14 April 2020, “ensuring affordable and secure energy are key in addressing the health, well-being and resilience of all countries throughout the crisis response and recovery phases”.
Energy security is provided by natural
gas, a growing amount of which comes by imports of LNG (liquefied natural gas) at
our European ports. Whilst some other markets are in decline during the crisis, LNG continues to be in high demand. According
to the European Commission, in the fourth quarter of 2019, LNG became for the first time the second source of gas to the EU, covering 28% of the total imports and increasing by 42% year-on-year. This trend is expected
to continue in 2020 as well. This shows the important role that gas plays at any point in time in Europe, none less so than during the current challenging period, and demonstrates how LNG contributes to the pairing of economic recovery with Europe’s climate and energy objectives.
In addition to ensuring business continuity, LNG operators, like other gas infrastructure operators, are united in taking the risks of
the coronavirus seriously and are adapting their operations to safeguard employees.
LNG terminals have an additional challenge to make sure that their operations do not spread the virus outside the borders of the workplace, as Arno Büx, president of Gas LNG Europe (GLE) and chief commercial officer at Fluxys explained: “LNG terminals receive vessels from all over the world with internationally diverse crews. We cannot avoid contact between the crews and our shore teams completely as a certain amount
of physical handling is required to administer and run our operations. For example, pilots are required to board the vessels to bring them into the jetties and our teams need to work in cooperation with the ships’ crews to handle the loading and unloading arms and mooring systems.”
GAS INFRASTRUCTURE EUROPE, April 15, 2020
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Week 15 17•April•2020