Page 11 - GLNG Week 33 2021

GLNG
NEWS IN BRIEF
GLNG
the PLC with 90MW of hydroelectricity, conducting flare recovery as well as carbon capture and storage from offshore gas fields. PETRONAS, August 18, 2021
WinGD makes hybrid energy
system integration debut
with NYK
WinGD has won a contract to integrate hybrid energy systems on four newbuild car carriers for Japanese owner NYK Line, further expanding the engine developer’s portfolio of future-ready power solutions for companies navigating shipping’s energy transition.
The four pure car and truck carriers (PCTC) will run on LNG, with WinGD’s 7X62DF-2.1 two-stroke engines coupled with shaft generators, DC-links and battery systems. Based on its in-depth knowledge of the main engine’s performance WinGD has optimized spinning reserves, peak shaving, and energy flow to run the main engine constantly at its sweet spot while avoiding inefficient generator loads. WinGD will be responsible for the system integration and system-level energy management, through WinGD’s new Hybrid Control System.
Combined with other ship design enhancements, the LNG-battery configuration is expected to cut overall CO2 equivalent emissions by around 40% compared to conventionally powered vessels operating
on heavy fuel oil, taking them beyond IMO’s 2030 target for cutting greenhouse gas (GHG) emissions.
WINGD, August 18, 2021
AUSTRALASIA
Looming gas supply
shortfall for east coast
market
A supply shortfall in Australia’s east coast gas
market is increasingly likely, especially in the southern states, the ACCC’s latest gas report reveals. The report, released today, reveals a finely balanced supply outlook for 2022. A shortfall of 2 PJ could arise across the entire east coast gas market next year, driven by a shortfall of up to 6 PJ in the southern states, if LNG producers export all of their surplus gas.
This forecast is dependent upon demand from gas powered generators decreasing to record lows, and a material volume of gas from currently undeveloped reserves being supplied.
“The precarious supply situation for next year highlights the importance of the new Heads of Agreement that the Australian government signed with LNG exporters in January 2021,” ACCC Chair Rod Sims said.
Under the Heads of Agreement, LNG exporters must offer uncontracted gas to the domestic market on internationally competitive terms before it is exported, and provide relevant material to the ACCC to demonstrate their compliance.
“The initial material LNG producers provided to us did not adequately demonstrate compliance with the new Heads of Agreement and they will need to lift their game,” Mr Sims said.
“The initial responses from LNG producers were concerning given that in the near future Australia’s southern states may depend on their surplus gas. We expect to see better compliance from LNG exporters over the next 12 months.”
The report shows that prices for contracted gas in the east coast market through to February 2021 remained at the lower
levels observed during 2020. However, the tightening supply situation means these prices may not last.
“Domestic spot prices for gas spiked in July but the increase was driven by a particular set of circumstances that won’t necessarily impact offers for long-term contracts. Fortunately,
we have subsequently seen some softening of those high spot prices in August,” Mr Sims said.
THE AUSTRALIAN COMPETITION & CONSUMER COMMISSION, August 17, 2021
ABB secures $120mn
order to power Jansz-Io
Compression project
ABB has won an order worth approximately $120mn to supply the overall Electrical Power System (EPS) for the prestigious multi-billion- dollar Jansz-Io Compression (J-IC) project. The order, comprising contracts with Chevron Australia Pty Ltd and with Aker Solutions, is booked in Q3 2021.
The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia, at water depths of approximately 1,400 metres. The field is a part of the Chevron-operated Gorgon natural gas project, one of the world’s largest natural
gas developments. The J-IC project, which moves gas from the deep seas to shore, marks only the third time that world-leading subsea compression technology is being deployed globally and the first time outside of Norway1 where ABB is also responsible for providing the EPS. The project will involve the construction and installation of
a 27,000-tonne (Topside and Hull) normally unattended floating Field Control Station (FCS), approximately 6,500 tonnes of subsea compression infrastructure and a 135km submarine power cable linked to Barrow Island.
The Jansz-Io Compression project is a major enabler in maintaining an important source of natural gas to customers in Asia Pacific. It will support energy transition across the region where many countries primarily rely on coal for energy generation,” said Peter Terwiesch, President, Process Automation at ABB. “Burning natural gas produces around half as much carbon dioxide per unit of energy compared with coal. We’re proud to be leading the way in the global energy industry by pioneering innovative subsea power technologies that bring us closer to a carbon neutral future. This project reflects our close collaboration and trusted subsea history with Chevron and Aker Solutions.”
“This is a very important project for us as it supports our commitment to enable lower- carbon oil and gas production and develop renewable solutions to meet future energy needs. We are pleased to once again be joining forces with ABB to take subsea solutions to the next level and accelerate the transition to sustainable energy production,” added Maria Peralta, subsea executive vice-president at Aker Solutions.
ABB, August 19, 2021
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