Page 14 - GLNG Week 18 2021

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Rosneft says it will conduct feasibility

study of Far East LNG project

PROJECTS & STATE-OWNED Rosneft, Russia’s largest oil Sakhalin Island that contains around 580bn
COMPANIES producer, is one step closer to making a decision cubic metres in recoverable reserves.
on the Far East LNG project, which envisions the The project has not moved forward quickly,
construction of a natural gas liquefaction plant in owing to debates between Rosneft and Gazprom,
De Kastri, the site of the onshore complex that is another state-owned giant, on the best options
supporting the Sakhalin-1 project. for exporting LNG from Russia. The latter com-
Rosneft stated in its latest annual report, pany, which is Russia’s largest gas producer, had
which was published last week, that it intended initially lobbied for a different plan that would
to conduct a feasibility study on plans for build- have seen the Sakhalin-1 group use an existing
ing a single-train LNG plant with a production facility – Sakhalin LNG, the plant built to serve
capacity of 6.2mn tonnes per year (tpy) in De the Gazprom-led Sakhalin-2 consortium – to
Kastri. It did not reveal when work on the study liquefy its gas. Rosneft, by contrast, has said it
would begin, but it did say that it intended to call wants to build its own LNG plant.
a tender later this year for engineering, procure- Rosneft is a shareholder in Sakhalin-1, with a
ment and construction (EPC) services related to stake of 20%. The remaining equity in the group
the Far East LNG scheme. is divided between Exxon Neftegas, a subsidiary
The company has been looking into this plan, of the US-based super-major ExxonMobil, with
which would involve using natural gas from the 30%; SODECO, a consortium formed by Itochu,
Sakhalin-1 block as feedstock for LNG produc- Japan National Oil Corp. (JNOC), Japan Petro-
tion, for some time. It has indicated that it hopes leum Exploration Co. (Japex) and Marubeni,
to bring the LNG plant on line in 2027 and has with 30%; and ONGC Videsh Ltd (OVL) of
said it may also build additional production India, with 20%. Exxon Neftegas serves as oper-
trains to add another 10mn tpy of capacity by ator of the consortium, which holds the licence
2035. Gas for these extra trains would probably for the offshore block that includes the Chaivo,
come from Veninsky, a block located offshore Odoptu and Arkutun-Dagi fields.™

NEWS IN BRIEF

AMERICAS the Port of Corpus Christi. an important step toward our broader
LNG-powered vessels are becoming commitment to decarbonisation and
Port of Corpus Christi increasingly prominent amongst the world improved air quality,” said Sean Strawbridge,
fleet, as LNG fuel benefits port customers
Chief Executive Officer of the Port of Corpus
Authority and Stabilis in both efficiency and emissions reductions Christi. “We have a strong commitment to
protecting our air attainment status, so by
compared to diesel combustion engines. Some
Solutions partner to of the vessels calling on the Port of Corpus offering LNG as an alternative to diesel as
a marine fuel within our gateway, we are
Christi today are already LNG-compatible.
construct LNG fuelling With this partnership and the increasing evolving our sustainability protocols by
availability of LNG as a marine fuel at the Port
reducing mobile source emissions.”
infrastructure for marine of Corpus Christi, the Port and Stabilis hope Christi will provide suitable access to dock
According to the MOU, the Port of Corpus
to attract more LNG-capable vessels and to
vessels encourage the conversions to LNG power. space for shore-to-ship fuelling operations
while Stabilis will deploy its existing fleet
The Port of Corpus Christi and Stabilis have
The Port of Corpus Christi Authority committed to providing extensive customer of mobile cryogenic assets (including LNG
and Stabilis Solutions, a leading provider education and technical support as well as transportation and distribution equipment)
of energy transition services, including attracting capital, including grant funding from its LNG production plant in South Texas
hydrogen and liquefied natural gas (LNG) opportunities designed to incentivise market to support LNG fuelling operations.
fuelling solutions, have entered into a development and viable customer solutions. THE PORT OF CORPUS CHRISTI AUTHORITY
Memorandum of Understanding (MoU) to “The Port of Corpus Christi Authority AND STABILIS SOLUTIONS, May 04, 2021
facilitate the use of LNG as a marine fuel at sees LNG fuelling of marine vessels as

P14 www. NEWSBASE .com Week 18 07•May•2021