Page 11 - GLNG Week 07 2021

GLNG ASIA GLNG

Petronas starts up second FLNG facility

PROJECTS & MALAYSIA’S state-owned Petronas has started began producing LNG from the Kanowit field
COMPANIES production at its second floating LNG (FLNG) offshore Sarawak State in 2016 before it was relo-
facility, which is moored offshore Sabah State. cated to the Kebabangan field offshore Sabah in
The major said on February 15 that PFLNG 2019.
DUA had produced and liquefied its first gas The state major has hailed the FLNG process
from the deepwater Rotan field, which lies 140 as paving the way for the commercialisation
km off Kota Kinabalu, on February 6. of remote and stranded gas fields previously
PFLNG DUA is expected to deliver its first deemed to be uneconomical to develop. More-
LNG cargo to customers by mid-March. The over, Petronas said that the development and
vessel is Petronas’ first FLNG unit capable of deployment PFLNG DUA would help transform
operating in deep waters and can produce 1.5mn Sabah into a regional deepwater hub.
tonnes per year (tpy) of LNG. The start-up of the company’s second LNG
Petronas is developing the Rotan field’s vessel comes as the global LNG industry looks
upstream component in partnership with Thai- forward to more robust returns in 2021, after last
land’s state-run PTT Exploration and Produc- year’s price collapse weighed on revenue.
tion (PPTEP). Petronas, for example, reported a MYR19.9bn
Petronas’ vice-president of LNG, Zakaria ($4.94bn) net loss for the first nine months of last
Kasah, said: “Despite operating in a challeng- year, on the back of a 24% year-on-year slide in
ing environment which is exacerbated by the revenue to MYR134.7bn ($33.43bn). The com-
COVID-19 pandemic, we managed to commis- pany said the decline was predominantly driven
sion this megastructure and achieve first LNG by both lower average realised prices for all prod-
production in seven days upon the first gas in.” ucts and lower sales volume of processed gas,
Petronas’ first FLNG vessel, PFLNG SATU, LNG and oil products.™

EUROPE

Fluxys takes FID on Zeebrugge

LNG expansion

INVESTMENT BELGIAN gas transmission operator Fluxys
has taken a final investment decision (FID) on
an expansion at the Zeebrugge LNG import
terminal.
The company signed off on the project after
the success of a recently concluded open season
process. The full 6mn tonnes per year (tpy) of
LNG capacity on offer was subscribed for during
the process, it said.
The Zeebrugge terminal is currently capable
of bringing ashore up to 6.6mn of LNG. But its
capacity will be raised to 11.3mn tpy by early
2024 and 12.6mn tpy by 2026. The number of unloading operations at
The FID on the expansion comes after the Zeebrugge fell last year to 50 cargoes from 71
Zeebrugge terminal saw record usage last year in 2019, and the number of small-scale reload-
thanks to a surge in transhipment operations. ing operations halved from 20 to 10. LNG ter-
Some 111 such operations took place in the year, minals across Europe saw reduced imports last
compared with only 38 in 2019. The growth year because of the impact of the coronavirus
came after Russian LNG exporter Novatek (COVID-19) on gas demand.
began using a new transhipment tank at the site The number of overall vessel operations
in December 2019 for cargoes from its Yamal climbed to 172 in 2020 from 130. A record 3,195
LNG plant in the Russian Arctic. Ice-class carri- trucks were also loaded with LNG at the site that
ers offload Yamal LNG’s supplies at the tank for year. A monthly record of 418 was also set in Jan-
collection by standard tankers. uary this year.™

Week 07 19•February•2021 www. NEWSBASE .com P11