Page 13 - GLNG Week 41

GLNG
NEWS IN BRIEF
GLNG
AUSTRALASIA
Chevron starts Gorgon maintenance
Chevron Corp has begun maintenance work at one of three trains at its Gorgon LNG facility in Australia, and is planning similar work on another train next year.
Citing a company notice, Reuters reported that Chevron is planning to shut more than half a train at Gorgon over the October 11-November 29 period of this year, followed by more than one LNG train being taken offline over May 23-July 11 in 2020.
A Chevron spokesman confirmed to Reuters that Gorgon Train 1 was under maintenance, adding that the work had been scheduled into customer cargo deliveries.
Chevron operates Gorgon with a 47.3% stake. ExxonMobil and Royal Dutch Shell each have a 25% interest in the project and the remainder is held by Japanese firms Osaka Gas, Tokyo Gas and JERA.
EUROPE
GTT: Revenue of €200
million for the first nine
months of 2019
Gaztransport & Technigaz (GTT), an engineering company specialised in the design of membrane containment systems
for maritime transportation and storage of liquefied gas, has today announced its revenue figures for the first nine months of 2019.
Commenting on the results, Philippe Berterottière, Chairman and CEO of GTT, said: “With 40 orders for LNG carriers
during the first nine months, of which 14 in the third quarter, business activity has been particularly strong. In addition, there were significant orders for GBS and ethane carriers’ equipment. This demonstrates GTT’s ability
to participate in the entire liquefied gas value chain from large gas projects to importation and bunkering terminals. As announced previously, the inflow of orders over the
last two years is beginning to bear fruit and revenue has increased substantially from
one quarter to the next. Consequently, given our strong order book and ship construction schedules, we confirm our revenue and EBITDA outlooks for the full 2019 financial year, as well as a minimum distribution rate of 80% for the 2019 and 2020 financial years.” GAZTRANSPORT & TECHNIGAZ, October 17, 2019
Contract for the purchase of key equipment for the expansion program of the LNG terminal in Swinoujscie signed
Polskie LNG signed a contract with Selas- Linde – a company which will deliver SCV vaporisers, i.e. the equipment necessary
for the expansion programme of the LNG terminal in Swinoujscie. The SCVs are the heart of the plant, enabling the terminal to send out natural gas after regasification – currently at 5 billion cubic metres annually, and up to 7.5 billion m3 after the expansion programme has been completed.
“The LNG Terminal is an important element of the strategy of diversification
of sources and directions of natural gas import to Poland,” said Piotr Naimski, Government Plenipotentiary for Strategic Energy Infrastructure. The LNG terminal expansion programme is complementary
to another project – Baltic Pipe – a pipeline connecting natural gas deposits in Norway with Poland. These two projects will allow for the import of fuel at competitive prices from new independent sources of supply, and consequently to become independent from the monopolistic supplier from the East.”
“The expansion of the gas terminal in
Swinoujscie along with the Baltic Pipe project, North-South Corridor, interconnectors
and the construction of a Floating Storage Regasification Unit at the port of Gdansk, is one of the most important investment projects currently implemented by the GAZ-SYSTEM Group. The contract being signed today for the delivery of SCV vaporisers means that this project is entering the implementation phase,” pointed out Tomasz Stepien, president of the management board of GAZ-SYSTEM.
“The first stage and also the most important objective of the LNG terminal expansion programme is to increase the regasification capacity by 50%. The contract we have concluded today is a proof of the effective implementation of the planned activities so far, and a guarantee of successful completion of the SCV project by the end of 2021. We are also progressing with three other projects under the Program,” asserted Pawel Jakubowski, president of the management board of Polskie LNG.
MIDDLE EAST
South Korean shippers
lines vying for Qatari LNG
business
South Korean shippers are considering partnering to win large LNG transportation orders that are due to be placed by Qatar, Yonhap reported citing industry sources.
According to the sources, five bulkers – Korea Line, Pan Ocean, SK Shipping, Hyundai LNG Shipping and H-Line Shipping – were planning to form an alliance and hold a presentation together in Doha this week to set out their proposal for Qatar’s LNG project.
State-owned Qatar Petroleum (QP) is expected to place transportation orders involving at least 40 LNG carriers by the
end of the year for its North Field expansion project. Under the plan, the country’s LNG production capacity would be increased
from 77mn tonnes per year (tpy) to 110mn tpy starting in 2024. And there has been speculation that QP will need an additional 60 LNG carriers for the project.
Yonhap reported that South Korea’s major shipbuilders are considered the favorites to take the LNG carrier construction orders from Qatar owing to their dominant presence in the LNG ship market. However, the news service noted that the shippers were also hoping to secure contracts to operate the vessels.
Week 41 17•October•2019
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