Page 11 - DMEA Week 21 2022

DMEA FUELS DMEA

NNPC-Sahara JV takes

delivery of two LPG tankers

AFRICA SAHARA Group, a privately owned Nigerian tankers, storage depots and terminals) by 2026
company, said on May 23 that WAGL Energy over the 2021-2026 period in support of the
Ltd, its subsidiary Oceanbed’s joint venture with Nigerian government’s Decade of Gas and
state-owned Nigerian National Petroleum Co. Energy programme, it said.
Ltd (NNPC Ltd), had taken delivery of two LPG Mele Kyari, the group managing director of
tankers in South Korea. NNPC Ltd, said during the ceremony that the
WAGL Energy Ltd received the ships at the joint venture intended to order additional ships
Hyundai MIPO shipyard in Ulsan, Sahara Group from Hyundai, in line with plans to expand its
noted in a blog post on its website. fleet. The parties are working to finalise a con-
It noted that the tankers, which will be known tract for three more vessels, he explained.
as MT Barumk and MT Sapet, have a capacity “We have a target of delivering 10 vessels over
of 23,000 cubic metres each. They will bring the the next 10 years,” he commented. “The NNPC
number of tankers in the joint venture’s fleet up and our partners stand out with integrity in our
to four. energy transition quest and our commitment
Temitope Shonubi, Sahara Group’s executive [to] environmental sustainability is unwavering.”
director, expressed satisfaction with this expan- Kyari went on to say that he expected the
sion. “WAGL has successfully operated two new ships to support the Nigerian government’s
mid-sized LPG carriers, MT Africa Gas and MT domestic gasification campaign by support-
Sahara Gas, in the region in keeping with global ing efforts to make LPG more widely available
standards, delivering over 6mn cubic metres of throughout the country for household use,
LPG across West Africa. With the new vessels, power generation, automobile fuel and industrial
we are set to promote and lead Africa’s march applications. Abuja hopes to see LPG consump-
towards energy transition,” he said at a ceremony tion rise to 5mn tonnes per year (tpy) by 2025,
marking the delivery of the tankers. he added.
The company also reported that the LPG “This is another epoch-making achievement
tanker order had brought the total amount for the NNPC and Sahara Group, and we remain
invested by WAGL Energy Ltd up to more than firmly committed to delivering more formida-
$300mn. WAGL Energy Ltd has pledged to ble gas projects for the benefit of Nigeria and the
spend $1bn on gas infrastructure (including entire sub-region,” he remarked.™

TERMINALS & SHIPPING

ADNOC could open Fujairah storage in 2023

MIDDLE EAST REPORTS have suggested that Abu Dhabi infrastructure, was completed in 2018.
National Oil Co. (ADNOC) could begin using ADNOC has had an agreement in place since
new underground caverns for oil storage next 2009 to store up to 6.29mn barrels at the Kiire oil
year. terminal in southern Japan, and it signed a mem-
The project to utilise caverns in the eastern orandum of understanding (MoU) in November
emirate of Fujairah was kicked off in 2018 but 2018 with Indian Strategic Petroleum Reserves
was delayed by issues related to the coronavirus Ltd (ISPRL) to consider taking space in the new
(COVID-19) pandemic. Padur cavern in the southern Karnataka state.
Sources told S&P Global Platts this week that ISPRL completed the process of filling a 5.86mn
the project is now seen being completed by the barrel allocation at the nearby Mangalore facility
end of 2023, boosting Fujairah’s status as a trad- during the same month.
ing hub. Following a 2020 agreement, ADNOC has
In February 2019, it revealed that work was access to 50% of Mangalore’s 11mn barrel capac-
under way under a $1.2bn engineering, procure- ity, which can be re-exported to third countries.
ment and construction (EPC) contract awarded It also increased its global storage footprint
to South Korea’s SK Engineering & Construction through the 2019 acquisition of a 10% stake in
a year earlier for a 42mn barrel underground terminal owner and operator VTTI, which gave
crude storage facility at Fujairah comprising it access to 15 hydrocarbon storage terminals in
three 14mn barrel caverns. 14 countries, holding a total storage capacity of
The first phase, comprising access 60mn barrels.™

Week 21 26•May•2022 www. NEWSBASE .com P11