Page 12 - GLNG Week 04 2021

GLNG NEWS IN BRIEF GLNG

AFRICA gas projects with expected start-up within this into a transportation service contract with
decade, the average breakeven is below $40 Uniper Global Commodities (headquarters:
Impairment at Tanzania LNG per barrel. Düsseldorf), 100% owned by one of the largest
Equinor has been present in Tanzania
European gas and electricity companies,
project since 2007 when the company signed a Uniper (headquarters: Düsseldorf).
production-sharing agreement (PSA) with
The LNG Rosenrot is a sister vessel of LNG
Equinor has decided to write down the book the Tanzania Petroleum Development Schneeweisschen that was delivered on July
value of its Tanzania LNG project (TLNG) on Corporation (TPDC). Equinor is the operator 31, 2018 and is serving under transportation
the company’s balance sheet by 982million with a 65% participating interest, along with service for Uniper Global Commodities.
USD. This will be reflected in adjusted ExxonMobil’s working interest of 35%. TPDC LNG Rosenrot is equipped with the slow-
earnings for EPI division in fourth quarter has the right to participate with a 10% interest. speed two-stroke engine (X-DF) made by
2020 results to be reported on 10 February Equinor made nine gas discoveries in Block 2 Winterthur Gas & Diesel, which can run on
2021. offshore Tanzania with estimated volumes of natural gas, MGO and Heavy Fuel Oil, and
While progress has been made in recent 20 tcf of gas in place. takes main engines efficiency to the next level.
years on the commercial framework for EQUINOR, January 29, 2021 X-DF technologies will make LNG transport
TLNG, overall project economics have not more efficient and economical.
yet improved sufficiently to justify keeping it MOL as one of the world’s leading LNG
on the balance sheet. The TLNG project has ASIA carrier owner/operator, will service Uniper by
an anticipated breakeven price well above the providing safe, reliable and highest possible
portfolio average for Equinor and is, at this MOL’s newbuilt LNG carrier quality LNG transportation services and will
time, not competitive within this portfolio. as ever meet high expectations of its global
Equinor will continue to engage with the “LNG Rosenrot” goes into customers by leveraging its accumulated
Government of Tanzania in negotiations on a experience and know-how and bringing
commercial, fiscal and legal framework that service for Uniper – LNG solutions utilizing the state of the art marine
may provide a viable business case for TLNG technologies.
in the future. carrier equipped with X-DF MITSUI OSK LINES, January 26, 2021
Equinor maintains an attractive portfolio
of project development opportunities in oil propulsion engine ME-GI to power ultra-large
and gas as well as renewables. This portfolio
requires strict prioritization, ensuring capital Mitsui OSK Lines (MOL; president & CEO: Hapag-Lloyd containerships
is allocated towards projects yielding the Junichiro Ikeda) today announced that on
most competitive returns. As shown at the January 25, the LNG carrier LNG Rosenrot, MAN Energy Solutions has won an order for
Capital Markets Update in February last year, jointly ordered by MOL and Itochu (president: 6 × MAN B&W 11G95ME-GI Mk10.5 main
Equinor’s oil and gas projects with expected Yoshihisa Suzuki; headquarters: Minato-ku, engines in connection with the building of 6 ×
start-up by 2026 have an average breakeven Tokyo) was delivered at the Okpo shipyard by ultra-large, 23,500+-teu container vessels for
below $35 per barrel based on today’s Daewoo Shipbuilding & Marine Engineering Hapag-Lloyd, one of the world’s leading liner-
estimates. Similar for non-sanctioned oil and (DSME) in South Korea. The ship has entered shipping companies.
The engines will be built in Korea and
will offer the option of operating on LNG or
conventional fuel, meeting Tier III emission
standards through SCR (Selective Catalytic
Reduction). The first engine delivery is
scheduled for May 2022. Korean shipyard,
Daewoo Shipbuilding & Marine Engineering,
will build the vessels with delivery expected
from April through December 2023.
In the company’s own press release,
Rolf Habben Jansen, CEO of Hapag-Lloyd
said: “With the investment in six ultra
large container vessels we will not only be
able to reduce slot costs and improve our
competitiveness on the Europe – Far East
trade, but also take a significant step forward
in modernising our fleet. Additionally we will
further reduce our environmental impact.”
The newbuildings will be deployed on
the Europe – Far East routes as part of THE
Alliance and will significantly increase
Hapag-Lloyd´s competitiveness in this trade.
The engines will operate on LNG, but have
sufficient tank capacity to operate alternatively
on conventional fuel.

P12 www. NEWSBASE .com Week 04 29•January•2021