Page 16 - GLNG Week 30 2021

GLNG NEWS IN BRIEF GLNG

SLNG and Keppel to efforts to not just meet but exceed our state-of-the-art LNG engines and has most
energy security mandate; and to do so in
modern heat recovery systems and advanced
collaborate on NGL an environmentally sustainable way. At the energy management systems on board. The
ship has a special mega-yacht design and
same time, it is also another step forward
extraction project to further in our pursuit of our vision to catalyse new features low-emission LNG propulsion, which
possibilities in the energy transition. We
together with a hybrid battery system provides
strengthen Singapore’s are very excited to partner with established a speed of 21 knots. To future-proof the vessel,
the engines and fuel tanks will be prepared for
companies like Keppel on this project, which
position as an LNG and we believe will add significant value for the easy conversion to future fuels with lower or
LNG eco-system and chemicals industry in
neutral carbon footprints. Unlike the classic
chemicals hub Singapore, and beyond.” cruise ships, prospective buyers here will
Additionally, the NGL extracted could be
buy the suites or apartments on board. This
Singapore LNG (SLNG) is collaborating with delivered to Singapore’s chemicals complexes, underlines the character of a private yacht.
Keppel Infrastructure (KI) through its wholly- including those on Jurong Island, to be used MEYER WERFT, July 30, 2021
owned subsidiary Keppel Energy (KE) and as a competitive feedstock in the manufacture
another industry partner on the front-end of various chemical-based products. This France’s Totalenergies
engineering design (FEED) for a natural gas project is a positive outcome of the Jurong
liquids (NGL) extraction facility at the SLNG Island Circular Economy Study, led by JTC buys 10% in LNG terminal
terminal on Jurong Island. The project will to explore utilisation of cold energy on the
unlock multiple benefits across the liquefied island. It will contribute to Jurong Island’s operator from Novatek
natural gas (LNG) and chemicals value chains, transformation into a sustainable energy and
adopting a sustainable approach towards chemicals park, as outlined in the Singapore France’s Totalenergies, formerly known as
enhancing Singapore’s Energy Security and Green Plan 2030. Total, has closed a deal to buy 10% in Arctic
strengthening its position as an LNG and KEPPEL INFRASTRUCTURE, July 28, 2021 Transshipment, whose LNG terminals are
chemicals hub. currently under construction, from Novatek,
In a nutshell, the NGL extraction facility Interfax reported on July 26.
serves to remove the heavier hydrocarbons EUROPE Novatek now owns 90% of the company,
such as ethane or propane (also known as while Totalenergies owns the remaining 10%.
NGL) from LNG. The design of the facility New order for Meyer Werft The value of the deal was not disclosed. The
will adopt a sustainable approach, specifically charter capital of Arctic Transshipment is
through incorporating the use of cold energy Meyer Werft could win for themselves another RUB50mn ($676,255).
from the SLNG terminal’s operations in newbuilding order: a residential yacht named Arctic Transshipment LLC, a subsidiary
the extraction process – which can lead to M/Y NJORD with 117 apartments and a of Novatek, is the operator of two LNG
significant carbon abatement. dimension of 84,800 GT is to be completed transshipment facilities under construction
The project will allow for a higher handling for Ocean Residences Development (ORD) in Kamchatka and the Murmansk Region.
flexibility of LNG through Singapore, which by the end of 2025. The ship with a length of The terminals are designed to ensure efficient
will in turn help to enhance Singapore’s 289.30 metres, a width of 33.50 metres can transportation of LNG from Arctic LNG 2
energy security; open up more possibilities for accommodate approximately 1000 people and other Novatek projects by transshipment
the larger LNG eco-system, such as in the use (crew and passengers). The order is still from Arc7 ice-rated LNG tankers to
of LNG as a marine fuel; and further advance subject to financing. conventional vessels. Each of the terminals
Singapore’s ambition to be an LNG hub for the M/Y NJORD will be a ship designed includes a 360,000 cubic metre floating LNG
region. to meet the most stringent environmental (FLNG) storage facility with two side-by-side
Mr Tan Soo Koong, CEO, SLNG, said: requirements both on delivery and further transshipment points.
“This project is part of SLNG’s continuing down the line. The vessel will be powered by

P16 www. NEWSBASE .com Week 30 30•July•2021