Page 17 - GLNG Week 38

GLNG
NEWS IN BRIEF
GLNG
expected to reduce sulphur oxide (SOx) emissions by approximately 99% and nitrogen oxides (NOx) by approximately 86% compared to conventional heavy oil–fired engines.
Air pollution by ship exhaust gas has become an important challenge, and environmental regulations surrounding the shipping industry are being strengthened
year by year as environmental awareness increases. LNG fuel can be expected to significantly reduce emissions of air pollutants and greenhouse gases compared to C heavy oil, which is a common marine fuel, and thus meet the SOx Global Cap regulations set by the IMO, scheduled to become effective in January 2020.
NYK, September 24, 2019
MISC, NYK and Mitsubishi Corporation forms partnership to co-own LNG carriers for the LNG Canada project
MISC through its subsidiary has signed an agreement with Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) to co-own two new-build LNG vessels mainly for the LNG Canada project.
Both LNG carriers have a capacity of 174,000 cubic metres (cbm) and are currently being built by Hyundai Samho Heavy Industries (HSHI). These vessels will feature state-of- the-art technologies including modern XDF propulsion and partial re-liquefaction facility for higher efficiencies and to meet the demand for worldwide trading and long-haul voyages.
Each of the LNG carriers will respectively serve Diamond Gas International’s (DGI) requirement on an 18-year charter contract.
DGI is a wholly owned subsidiary of Mitsubishi that manages the sales and marketing of Mitsubishi’s equity offtake of LNG volumes from US and Canada as well as from other countries around the world. These two LNG carriers will be delivered in 2021.
MISC’s president / group chief executive officer, Mr. Yee Yang Chien said “MISC is proud to be part of this significant milestone together with Mitsubishi Corporation and NYK in this strategic partnership to meet
the needs of the evolving LNG industry. This tri-party partnership is in line with MISC’s strategy of diversifying our business ventures to support the expansion of our third-party business portfolios and further broaden our revenue sources. We are very pleased to enter into this maiden collaboration with Mitsubishi Corporation and at the same time extend our longstanding partnership with NYK which dates to the times as co-owners of the Aman Class vessels.”
The signing of the agreement took place in Tokyo where MISC was represented by Mr. Zahid Osman who is the Vice President of LNG Business, MISC. Also present to witness this significant milestone is Mr. Yee Yang Chien, President & Group CEO of MISC. MISC, September 24, 2019
DSME obtains fifth approval
for LNG cargo containment
system
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has said it has obtained design approval from Bureau Veritas (BV),
a France-based international certification agency, for its LNG cargo containment system.
BV is the fifth agency to grant approval to the system, known as Solidus. The system has already received approval from UK- based Lloyd’s Register, the US Bureau of
Shipping, the Korea Register of Shipping and Norway-based DNV GL, since developing the technology in 2017.
According to DSME, Solidus uses two metal barriers to prevent LNG leakage. It
also uses insulating material developed in co-operation with German chemical company BASF to reduce boil-off gas. DSME has described the insulating material as eco- friendly and high-performance.
DSME hopes the technology will allow it to stop paying royalty fees to France’s Gaztransport and Technigaz (GTT), an LNG containment specialist. South Korean shipbuilders still need to pay 5% of the cost of each LNG carrier they build to GTT as it owns the original technology for the LNG containment system.
AUSTRALASIA
ConocoPhillips awards
Barossa gas export pipeline
engineering, procurement,
construction and
installation (EPCI) contract
ConocoPhillips Australia, as operator of
the Barossa joint venture, has awarded an engineering, procurement, construction and installation (EPCI) contract for the Barossa gas export pipeline.
The contract awarded to Allseas
Marine Contractors Australia Pty includes procurement, transportation and installation of the 260-km pipeline, project management, engineering and associated services.
The Barossa offshore gas and light condensate project is currently in the front- end engineering design (FEED) phase. Subject to commercial arrangements being agreed, Barossa will provide a new source of gas to
the existing Darwin LNG facility when the current offshore gas supply from Bayu-Undan is exhausted.
Barossa’s offshore development concept includes a floating production storage
and offloading (FPSO) facility, subsea production system and gas export pipeline, all located in Commonwealth waters north of Darwin, Northern Territory. The gas export pipeline will transport natural gas from the development area 300 kilometres north of Darwin to a tie-in location on the existing Bayu-Darwin pipeline 100kms north-west of Darwin.
Week 38 26•September•2019
w w w . N E W S B A S E . c o m
P17