Page 13 - GLNG Week 50

GLNG
NEWS IN BRIEF
GLNG
anticipated rise in demand for LNG and other clean-energy fuels.
KAWASAKI HEAVY INDUSTRIES, December 13, 2019
Chugoku Electric and Tokyo Gas sign MoU regarding a strategic alliance in LNG procurement
The Chugoku Electric Power Co. (president: Mareshige Shimizu) and Tokyo Gas
Co. (president: Takashi Uchida) have
signed and agreed upon a memorandum
of understanding to consider strategic partnership in LNG procurement.
The two companies have continued to build a strong relationship leading up to today and now will further consider to strategically optimise procurement of LNG for both companies.
Details regarding future strategic co- operation between the two companies are as below: 1. To further consider the co-operation through flexible utilisation of both companies’ assets and resources, in an attempt to realise further flexibility and lower procurement costs. 2. To further consider cooperating to interchange LNG supply, including at times of emergency, to increase the stability of supply for both companies.
Furthermore, the two companies will
not only discuss regarding cooperation
and building a strategic alliance in LNG procurement, but will consider further partnership in various other fields that will lead to creating value for customers of both companies by providing competitive and stable supply of energy.
CHUGOKU ELECTRIC POWER AND TOKYO GAS, December 12, 2019
Saga LNG takes delivery of Saga Dawn carrier
The ABS-classed Saga Dawn LNG carrier has been delivered to Saga LNG shipping. The vessel is the world’s first LNG carrier to be fitted with an innovative cargo containment system based on International Maritime Organisation (IMO) requirements for independent type A tanks.
The 45,000 cubic metre vessel was constructed by China Merchants Heavy Industry at its Jiangsu shipyard in Haimen, China. The LNG carrier completed three weeks of gas trials in June.
“ABS has a track record of working with innovators in gas worldwide and we are proud that this project joins the list of successful projects,” said ABS’ senior vice president for Eastern Hemisphere operations, Eric Kleess. “Innovation is essential to move our industry forward and it is our mission to work with the designers and builders to harness the benefits of these designs while keeping safety at the forefront.”
The LNT A-BOX® system used by the vessel was developed by LNT Marine. It features prismatic type A tanks as the primary containment. The tanks are supported by laminated wooded supports and a liquid-tight thermal insulation that is attached to the hull compartment as an independent secondary barrier.
“After nearly 10 years of research and development, we are delighted to see the completion and delivery of the first LNG carrier based on our LNT A-BOX® technology. We would like to thank CMHI, Saga and ABS for excellent cooperation throughout the project,” said LNT Marine’s CEO, Kjetil Sjølie Strand.
Chinese-led consortium
signs agreement to build
LNG terminal in Cyprus
A Chinese-led consortium has signed
a contract to build an LNG terminal in Cyprus, which would be the country’s first. The consortium includes China Petroleum Pipeline Engineering and Hudong-Zhonghua Shipbuilding as well as Greece’s METRON and Norway’s Wilhelmsen Ship Management.
The terminal will mainly supply LNG
to the state-owned Electricity Authority of Cyprus for power generation. The project will include a floating storage and regasification unit (FSRU) operated by Wilhelmsen. It is also expected to also LNG bunkering.
Cypriot Energy Minister Georgios Lakkotrypis tweeted on December 13 that the agreement between the country’s natural gas infrastructure firm, TYFFA, and the consortium was “an important step” towards the integration of LNG into the country’s energy mix.
Glencore to acquire LNG business of Orsted
Glencore’s oil division is pleased to announce that is has entered into an agreement to acquire the LNG business of Orsted.
The agreement will involve Glencore novating a number of contracts, including the right to use 3bcm of annual regasification capacity at the Gate terminal in Rotterdam until 2031. The agreement also includes a number of LNG supply contracts.
The transaction involves a payment from Orsted to Glencore and is subject to a number of conditions. The transaction is expected to close in the summer of 2020.
GLENCORE, December 18, 2019
Containerships take
delivery of fourth LNG-
fuelled vessel
A CMA CGM subsidiary, Containerships, has taken delivery of its fourth LNG-powered container vessel, known as Containerships Arctic.
Delivery of the vessel on December 10 follows in the footsteps of its three sister ships – Containerships Nord, Containerships Polar and Containerships Aurora.
The Containerships Arctic vessel’s first
Week 50 19•December•2019
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