Page 5 - AsianOil Week 01 2021

AsianOil SOUTH ASIA AsianOil

Karnataka partners with LNG Alliance

to develop import terminal

PROJECTS & THE government of the Indian state of Karna- unit (FSRU) and manage the LNG supply for the
COMPANIES taka has partnered with Singapore’s LNG Alli- project.
ance and New Mangalore Port Trust (NMPT), “We see this as an important step to meet
a state port in Mangalore, to develop an LNG India’s cleaner energy goals of phasing down
import terminal. coal-fired power plants and transitioning to an
According to a January 5 statement by LNG emission-free economy using LNG as a bridg-
Alliance, the planned terminal would have an ing fuel,” stated LNG Alliance’s CEO, Muthu
initial capacity of 4mn tonnes per year, which Chezhian. “As part of this agreement, LNG Alli-
could be expanded to 8mn tpy at a later date ance will develop a tolling fee-based floating
depending on demand over the next 20 years. LNG [FLNG] import terminal, within the mar-
The facility would also have the capability to itime concession area of the NMPT. This termi-
conduct LNG bunkering. Infrastructure at the nal will also be open for third-party access and
terminal would include ISO LNG container- will provide the most competitive tolling rates in
isation and an LNG truck loading facility for India, based on the LNG sourced from our sup-
serving the industrial and transportation sec- ply partners.”
tor in addition to import and regasification The partners believe that the NMPT is ideally
capacity. positioned for downstream distribution of LNG
This would be the first dedicated LNG bun- owing to its interconnectivity with major inter-
kering facility in India if it goes ahead, and would state highways and railways.
provide LNG as fuel for ships visiting the NMPT News of the project comes as India steadily
port and bunkering shuttles to the country’s grows its regasification capacity. GlobalData
West Coast. predicted in November 2021 that India would
LNG Alliance said it intended to invest account for the second-highest regasification
around $290mn over the next three years to capacity additions in Asia between 2021 and
develop a floating storage and regasification 2025 after China.™

SOUTHEAST ASIA

Petronas makes Sarawak gas discovery

PROJECTS & PETRONAS Carigali, a subsidiary of Malaysia’s Balingian Province.
COMPANIES state-owned Petronas, has made a natural gas “The excellent quality of reservoirs encoun-
discovery with the Hadrah-1 wildcat explora- tered augurs the remaining potential in the
tion well drilled in shallow waters of Balingian surrounding areas, with [Petronas Carigali]
Province, offshore Sarawak. well-positioned to pursue the untapped similar
Hadrah-1 is located in Block SK411, about plays in Blocks SK411 and SK306,” she said.
170 km north-west off the coast of Sarawak. It This is not the only gas-related development
was drilled to a depth of 1,850 metres in Novem- to be announced by Petronas this week. The
ber and encountered gas within a roughly 200- company said on January 4 that together with
metre sequence of “high-quality” sandstone and the Sabah state government, it had launched the
carbonate reservoirs. Sabah Gas Masterplan.
This is Petronas’ third gas discovery in Bal- The plan is aimed at serving as a reference
ingian Province in 2021 after Sirung-1 in March for natural gas development in the state for both
and Kulintang-1 in May, the company said in parties, and is the result of a study they previ-
a January 7 statement. The region is also home ously collaborated on. The plan highlights three
to an older discovery – an oil and gas find from major investment opportunities for Sabah’s gas
2019 within the same play at the D18 field. resources, including construction of an LNG ter-
Petronas Carigali operates Block SK411 minal with a capacity of 2.0mn tonnes per year
with a 90% interest, while E&P Malaysia (tpy) at the Sipitang Oil and Gas Industrial Park.
Venture owns the remaining 10%. Petro- The other opportunities include the Sabah state
nas’ vice-president of exploration, Emeliana government taking up a more prominent role in
Rice-Oxley, said the Hadrah-1 discovery fur- gas marketing and distribution in the state and a
ther proves the “promising prospectivity in suite of petrochemical derivative options aimed
the underexplored Cycle I, II & III plays” in at attracting investors to Sabah.™

Week 01 07•January•2022 www. NEWSBASE .com P5