Page 10 - GLNG Week 33 2021

GLNG
NEWS IN BRIEF
GLNG
AMERICAS
Port of New Orleans and CLEANCOR sign MoU to bring environmentally friendly LNG fuelling solutions to jurisdiction
Port of New Orleans (Port NOLA) and CLEANCOR Energy Solutions, a subsidiary of SEACOR Holdings, signed a memorandum of understanding (MoU) on August 17, 2021, to collaborate on ways to provide liquefied natural gas (LNG) fuelling solutions to ship owners and operators within Port NOLA’s jurisdiction that would benefit from reduced environmental emissions.
CLEANCOR, an alternative energy company, will work with Port NOLA to help provide LNG to Port customers and marine operators in Port NOLA’s jurisdiction. Port NOLA will provide CLEANCOR with data, logistics expertise, customer contacts, as well as introductions and marketing support.
“We are pleased to partner on this MOU with CLEANCOR to ensure we provide Port NOLA tenants and customers with the best options for the most efficient and effective operations,” said Brandy D. Christian, President and CEO Port NOLA and CEO of the New Orleans Public Belt Railroad. “LNG paves the way of the future and provides a suitable and sustainable fuel source for the diverse cargo operations on our terminals and in our jurisdiction.”
CLEANCOR will work to educate Port NOLA customers and other local stakeholders regarding the environmental and financial benefits of LNG bunkering. In collaboration with Port NOLA, CLEANCOR will develop options for infrastructure development
that integrate into Port NOLA’s long-range planning.
“CLEANCOR is proud to partner with
the Port of New Orleans on the development of LNG bunkering infrastructure,” said Jeff Woods, CEO CLEANCOR. “Our mission is to accelerate the adoption of low carbon fuelling solutions and this constitutes an exciting opportunity to not only advance the region’s first such project, but also to contribute to the decarbonisation of the maritime sector.”
PORT OF NEW ORLEANS, August 18, 2021
SFL – Newbuild order for two additional LNG-fuelled car carriers against long term charters
SFL announced today that it has entered into long term charters with a leading Asia-based transportation company for two ultra- modern dual-fuel car carriers, designed to use liquefied natural gas (LNG).
The vessels are sister vessels of the two 7,000 CEU Pure Car and Truck Carriers under construction, chartered to the Volkswagen Group, and scheduled delivery from the shipyard is in Q1-Q2 of 2024.
The aggregate construction cost will be approximately $155mn, and the charter period will be ten years from delivery of the vessels, adding more than $200mn to our contracted charter backlog.
Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: “This transaction shows our commitment to continue expanding our investment focus to assets with a lower carbon footprint whilst ensuring significant visibility through ten-year firm charters to a very strong counterparty.
Over the last few months, we have added multiple new vessels to our portfolio, increasing our charter backlog by more than $700mn. Many of these acquisitions will deliver during the third quarter, adding immediate cash flow and building our long- term distribution capacity.”
SFL, August 18, 2021
ASIA
Petronas delivers its first carbon neutral LNG cargo
Petronas has completed the delivery of its maiden carbon neutral liquefied natural
gas (LNG) cargo to Shikoku Electric. The cargo was delivered from the Petronas LNG Complex (PLC) in Bintulu and was received yesterday at the Sakaide LNG terminal in Shikoku Island, Japan.
Petronas has offset the estimated life cycle carbon footprint of the LNG cargo through renewables-based carbon credits for the emissions generated from upstream gas exploration and production, transportation, liquefaction, and shipping of the cargo.
Additionally, the carbon credits used
by Petronas for the delivery were certified through a rigorous verification process under the Verified Carbon Standard program, which is globally recognised and has been adopted by energy players and producers.
Petronas president and group chief executive officer, Tengku Muhammad Taufik said: “Reflecting our support of the energy transition and in line with our Statement of Purpose, Petronas will continue diversifying our products and offerings to the market, while transforming ourselves to be a cleaner and more sustainable energy provider.
“We are grateful to have collaborated with Shikoku Electric on the delivery of our very first carbon neutral LNG cargo that coincides with the date of our 47th anniversary. For Petronas, this is a significant milestone as we forge ahead to deliver cleaner energy solutions that fuel progress in a responsible manner,” he added.
In the LNG industry, carbon neutral LNG is seen as a catalyst to spur greater carbon commitments, with a growing number of LNG consumers seeking ways to reduce their carbon footprint. As an integrated energy player, Petronas actively seeks collaborations with buyers and end-users to achieve their sustainability goals.
Commenting on the delivery, president
of Shikoku Electric, Keisuke Nagai said: “We have a good relationship with Petronas for the past 15 years. We are delighted that Petronas has embarked on this journey which marks
a significant milestone as the LNG industry
is transitioning towards a more sustainable future.”
Above and beyond the maiden carbon neutral LNG cargo, Petronas is also reducing its carbon footprint throughout its LNG
and gas value chain. These carbon reduction efforts, among others, include powering
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Week 33 20•August•2021