Page 13 - GLNG Week 39

GLNG
NEWS IN BRIEF
GLNG
demonstrate the organisation’s commitment to bringing jobs to the region.
The community benefits payment will go towards county projects identified by the Cameron County Commissioners Court.
“We want to provide sustainable, high- paying jobs for Cameron County residents,” said Omar Khayum, CEO, Annova LNG. “This tax agreement allows us to demonstrate to the community, as well as our investors and customers, that we will do everything we can to provide opportunities for Cameron County residents that don’t exist today.”
ANNOVA LNG, October 01, 2019
ASIA
Bangladesh reportedly
shortlists 17 companies for
spot LNG deliveries
Bangladesh has shortlisted 17 companies
for its spot tender process, Reuters reported citing two Petrobangla officials. The country is planning to buy around 1mn tonnes of LNG next year in a bid to capitalise on lower prices for the fuel.
According to one of the officials, the companies shortlisted are Mitsui, Marubeni, Osaka Gas, AOT Energy, Diamond Gas, Summit Oil & Shipping, Excelerate Energy, Jera, Gazprom, Vitol, Trafigura, Woodside Petroleum, Eni, Petronas, CNOOC, Cheniere Energy and Chevron.
Petrobangla is planning to sign sales
and purchase agreements (PSAs) with the shortlisted companies after it receives cabinet approval, the officials were reported as saying.
“We are moving ahead with plans to import LNG through the spot market by shortlisting 17 companies out of a total of 43,”
Reuters quoted one of the Petrobangla officials as saying.
Excelerate receives notice to proceed from the Philippines for floating LNG terminal
On September 20, 2019, Excelerate Energy received the notice to proceed (NTP) from the Philippine Department of Energy (DoE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas per the DOE’s guidelines for “Rules and Regulation Governing the Philippine Natural Gas Industry”. The project, Luzon LNG, will supply natural gas, sourced from LNG, to existing and new gas-fired power plants in
the region that provide electricity to Luzon including the area of Metro Manila. This abundant and secure source of gas supply will augment the existing gas production from the domestic Malampaya fields, as reserves from these fields begin to deplete.
“We are pleased to have received this significant approval from the Government of the Philippines in supporting the country’s long-term energy objectives – this is an important milestone to move the project forward,” stated Excelerate Energy chief commercial officer Daniel Bustos. “We look forward to working with the government and private sector for the successful completion of the project that will enable Excelerate to invest in critical infrastructure allowing the country to continue on its current path of tremendous economic growth.”
The proposed project will be located offshore the city of Batangas to minimise the impact to the existing shipping traffic in the area and coastline. The terminal will
utilise Excelerate’s state-of-the-art offshore technology specifically designed to perform in extreme weather conditions, like those
of the Philippines, and has been proven at Excelerate’s operations in the Gulf of Mexico, the North Atlantic, Israel, and most recently, the Bay of Bengal.
EXCELERATE ENERGY, September 26, 2019
Excelerate Energy and
Maran Gas Maritime
execute agreement for FSRU
Excelerate Energy and Maran Gas Maritime (MGM) have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) Hull 2477. During the five-year BBC Excelerate will have the option to purchase Hull 2477. MGM is currently building Hull 2477 at Daewoo Shipbuilding and Marine Engineering (DSME) shipyard and is scheduled for delivery in April 2020, when the BBC will start. The vessel will have a storage capacity of 173,400 cubic metres and will be capable of operating as both an FSRU and a fully tradable LNG carrier.
Hull 2477 will join Excelerate’s existing fleet of nine FSRUs, all built by DSME,
and will serve Excelerate’s portfolio of regasification customers. Excelerate Technical Management, a wholly-owned subsidiary of Excelerate, will provide ship management for the vessel.
Excelerate’s owner George B. Kaiser stated: “We are pleased for Excelerate to enter into this transaction with MGM, a leading provider in LNG world shipping. MGM’s growing fleet is a testament to John Angelicoussis’ vision and commitment to the LNG industry.”
MGM’s owner John Angelicoussis stated, “We believe this transaction leverages the strengths of both our companies. Excelerate are market leaders in the FSRU space and we are delighted to have this opportunity to collaborate thereby securing a productive future for this state-of-the-art FSRU.”
Mr. Angelicoussis and Excelerate managing director and president Steven Kobos were present for the signing of the agreement. EXCELERATE ENERGY, September 30, 2019
AES granted approval to
develop 2.2-GW gas power
plant in Vietnam
The AES Corporation today announced it
Week 39 03•October•2019
w w w . N E W S B A S E . c o m
P13