Page 15 - AsianOil Week 40

AsianOil
NEWS IN BRIEF
AsianOil
to announce the delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine technology that enables the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.
Takaroa Sun was constructed with the MAN Energy Solutions second-generation B&W ME-LGIM two-stroke dual-fuel engine that runs on both methanol and conventional marine
fuel. The vessel will be chartered to Waterfront Shipping Company Limited (WFS), a wholly- owned subsidiary of Methanex Corporation, the world’s largest producer and supplier
of methanol, in a long-term time-charter agreement between WFS and NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore.
As a marine fuel, methanol is safe, biodegradable, and clean-burning, offering compliance with the International Maritime Organization’s (IMO) 2020 regulations by reducing sulphur oxides (SOx) by approximately 99%. With the ability to be produced from renewable sources, methanol can also provide
a pathway to meeting future carbon emission reduction targets. The vessel also has a processor that reduces nitrogen oxides (NOx) so that they meet the IMO’s stringent Tier III regulation. NYK, October 5, 2019
NYK joins Getting to Zero Coalition
NYK has joined the Getting to Zero Coalition, a partnership among the Global Maritime Forum, the Friends of Ocean action, and the World Economic Forum that builds on the Call to Action in Support of Decarbonization launched and signed by more than 70 leaders from across the maritime industry and financial institutions.
The Coalition is committed to getting commercially viable deep-sea zero-emission vessels powered by zero-emission fuels into operation by 2030 to realize the IMO’s ambition to reduce GHG emissions,** thus accelerating
maritime shipping’s decarbonization.
In its medium-term management plan
“Staying Ahead 2022 with Digitalization and Green” released in 2018, NYK announced the group’s intent to integrate environmental, social, and governance (ESG) initiatives into management strategy to positively address the tough issues that challenge our society. In fact, NYK has positioned climate change as one of the company’s most important issues, and is working to implement next-generation fuels such as LNG fuels to aid marine-fuel decarbonization.
NYK, October 3, 2019
OCEANIA
QGC launches 500th LNG cargo
Shell’s QGC business, along with its Joint Venture Partners CNOOC and Tokyo Gas, today announced the 500th cargo of LNG has sailed from its LNG plant on Curtis Island, Queensland.
The cargo will be delivered by Gladstone’s namesake vessel, the Gaslog Gladstone. ROTAL DUTCH SHELL, October 3, 2019
QGC awards three-year contract to SNC-Lavalin
SNC-Lavalin today announces it has been awarded a three-year provision of operations and maintenance workforce contract from Shell Australia for its QGC upstream asset located in Queensland, Eastern Australia.
Under the agreement, SNC-Lavalin will provide, at peak, 300 personnel to continue the existing operation and maintenance program for the QGC upstream assets comprising of
24 field compression stations, six central gas processing plants (CPP), five sales stations and one power station. The scope also includes the provision personnel to support QGC operations and maintenance of 2,500 wells and the 450km pipeline connecting the CPP’s to the LNG
liquefaction plant. SNC-Lavalin will begin supplying manpower on site in early Q4 2019, reaching a peak workforce by December 2019. The three-year contract has an optional one-year plus one-year extension.
The Shell-operated QGC Venture is located in Queensland in Eastern Australia and is one of Australia’s leading natural gas producers, focused on developing Queensland’s world-class onshore gas reserves. QGC has supplied the domestic market since 2006 and international customers since 2014. It operates an 8.5 million tonne per year LNG plant on Curtis Island near Gladstone, and natural gas operations, which include wells, compression stations and processing plants, in Queensland’s Surat Basin. Shell is the operator and majority interest holder in the QGC venture. Its partners in the LNG plant on Curtis Island are CNOOC (50% equity in Train 1) and Tokyo Gas (2.5% equity in Train 2).
SNC-LAVALIN, October 7, 2019
Transborders Energy MOL sign joint study agreement
Transborders Energy is pleased to announce it has entered into a Joint Study Agreement with Mitsui O.S.K. Lines (MOL) to together continue the development of its Floating LNG (FLNG) Solution and to pursue its deployment on a range of stranded offshore gas resource opportunities.
Transborders’ FLNG Solution provides a pre-determined 1.3 MTPA FLNG development concept with a package of streamlined commercial & regulatory approval framework (including LNG buyers) to gas resource owners.
Through this Joint Study Agreement, Transborders will collaborate with MOL
to perform three key activities: Conduct technical Pre-FEED with Transborders’ strategic partners TechnipFMC and Add Energy; Pre-negotiate key commercial
terms of the FLNG Solution with existing/ cornerstone study partner Kyushu Electric Power, TechnipFMC and Add Energy; and Pursue the deployment of the FLNG Solution on stranded gas resource opportunities.
Upon completion of the Transborders’ FLNG Solution development work at the end of 2019, Transborders will be in a position to convert
a range of stranded gas resources into ‘project sanction (FID) ready’ state within 24 months after FLNG Solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.
Transborders’ FLNG Solution development work has obtained in March 2018 “Major Project” designation from the Australian Federal Government.
TRANSBORDERS ENERGY, October 7, 2019
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