Page 18 - GLNG Week 49

GLNG NEWS IN BRIEF GLNG

EUROPE

Liqal steps into German LNG

market

The goal of this partnership is to facilitate the
supply of turnkey, high performance LNG
refuelling stations, along with the flexibility
of local maintenance for station operators
throughout Germany.
Liqal and FAS are committed to supporting
the transition to LNG and bio-LNG across
Germany and to contribute to a greener and
cleaner transport sector. The agreement,
signed on November 15, will strengthen
collaboration between these European LNG
said Deputy Secretary of Energy Mark W. India Marker LNG (Platts) futures contracts players in one of the largest markets in
Menezes. “LNG is and will continue to be a (WIM LNG). Europe.
vital energy resource for our friends and allies This financially settled futures contract The market for LNG as a transport fuel
around the world.” will settle against the S&P Global Platts daily is growing strongly in Germany, thanks in
These issuances extend each project’s long- assessment price for the LNG West India part to stable tax schemes and a road tax
term LNG export authorisation to non-free Marker (WIM) for spot physical LNG cargoes exemption for LNG-powered trucks until the
trade agreement (non-FTA) countries through delivered into ports in India, Dubai and end of 2023.
December 31, 2050. Kuwait. Based in Salzgitter in Lower Saxony,
“It is important for DoE to do everything WIM LNG futures sit within ICE’s global Germany, FAS provide project and permit
to assure a long-term future for US LNG natural gas complex alongside TTF, NBP, preparations, and installation and servicing
exports, which will continue to meet global Henry Hub, and JKM LNG (Platts) futures. solutions for LNG filling stations. They
energy security and emissions reduction JKM reflects cargoes delivered into ports in have 40 years’ experience installing and
goals,” said Acting Under Secretary of Energy Japan, Korea, Taiwan and China, while the maintaining gas service stations and have a
and Assistant Secretary of Fossil Energy WIM reflects cargoes delivered into the ports large, established network of service staff to
Steven Winberg. of India and the Middle East. carry out regular maintenance.
Including the term extension applications India has one of the strongest and fastest The partnership meets Liqal’s own
granted today, long-term LNG export growing economies in the world. With a objectives to expand its reach across new
authorisations with export terms through population of 1.4 billion, making energy territories in Europe and beyond. Liqal’s
2050 are now held by 13 US LNG export secure, affordable and sustainable is essential CEO Jorg Raven explains: “By working in
projects, as well as the Costa Azul project in to supporting India’s growth. LNG is crucial to collaboration with local partners throughout
Mexico. countries such as India which have developing Europe, we can contribute faster to the
US DEPARTMENT OF ENERGY, December 10, infrastructure. LNG is expected to remain a ultimate goal of switching from polluting
2020 key component of India’s gas consumption diesel to cost-effective LNG and bio-LNG, to
as the government aims to boost its share help meet Europe’s climate goal targets.”
in the energy mix from the current 6% to The joint marketing and development
ASIA 15% by 2030, amid dwindling domestic gas of LNG fuelling systems in Germany is key
production. WIM provides the link between to this new partnership. It highlights the
ICE marks a new milestone the global LNG market and the value of gas importance of cross-border cooperation
further downstream in India, as well as the
to deliver and expand the network of LNG
in the liberalisation of anchor for the trading of spot LNG cargoes in refuelling stations for heavy road transport
operators and truck drivers.
South and West Asia.
natural gas markets with natural gas price formation and the launch projects complete with specialist maintenance
“Asia plays a fundamental role in global
Together, Liqal and FAS can offer turnkey
the launch of West India of WIM futures adds another significant and aftercare services to the German market.
FAS Director Alexander Schneider says: “The
milestone in the liberalization of natural
Marker LNG (Platts) futures gas markets east of Suez. WIM futures combined efforts of FAS and Liqal will allow
German gas and transportation companies to
will complement the already established
contracts North East Asian JKM contract,” said provide a full range of services at the highest
technological level, in the shortest possible
Gordon Bennett, Managing Director, Utility
Intercontinental Exchange (NYSE:ICE), a Markets at ICE. “The natural gas market is time. This co-operation will undoubtedly have
leading operator of global exchanges and evolving rapidly and WIM provides new risk a positive impact on the development of the
clearing houses and provider of mortgage management tools to those buying, selling and German LNG refuelling station sector”.
technology, data and listings services, today hedging natural gas in South and West Asia.” Liqal will have its first physical presence
marks a new milestone in the liberalisation of INTERCONTINENTAL EXCHANGE, December 07, in the German market at the beginning of
natural gas markets with the launch of West 2020 2021, through the delivery of several LNG

P18 www. NEWSBASE .com Week 49 11•December•2020