Page 12 - GLNG Week 44 2021

GLNG NEWS IN BRIEF GLNG

AFRICA The 5,500 cubic metre ATB will be fitted president of Sinopec.
with four 1,375 CBM IMO Type C tanks. It “We are committed to building capacity in
Ecow-Gas wins Burkina will utilise a cargo handling system designed providing clean energy and meeting peoples
aspiration for better life. The signing of this
and developed by Wartsila. Upon completion,
Faso contract to build LNG the vessel will be 340’ overall length, 66’ beam, LNG SPA reflects the shared mission of
Sinopec and Venture Global in promoting the
and 32’-10” deep. The ATB will be an Oceans
storage, regasification Classed ABS barge. global energy transition and is of significance
in achieving carbon emission peak and
Tim Casey, Senior Vice President – LNG
facilities for Northstar, said: “LNG is recognized as a neutrality goals.”
clean, dependable and competitively priced
VENTURE GLOBAL LNG, November 04, 2021
Ecow-Gas has won a contract to build LNG fuel for the shipping industry. The addition
storage and regasification facilities in Burkina of this new vessel further distinguishes Cheniere and Sinochem
Faso, the energy infrastructure development Northstar’s capabilities to manage the last-
company said on November 4. mile logistics of LNG safely and effectively Group sign long-term
The recently formed Netherlands-based across the US coastline. The new capacity will
company was awarded the Burkina Faso provide unmatched reliability and flexibility in LNG sale and purchase
contract on the basis of its utilisation of an the current market and is the next step in our
LNG import terminal in Ghana that is due strategy to create a complete platform of LNG agreement
to open soon. The terminal is owned by an logistical solutions for marine customers.”
Ecow-Gas affiliate, the Tema LNG Terminal NORTHSTAR TERMINALS, November 03, 2021 Cheniere Energy announced today that its
Co. (TLTC). subsidiary, Cheniere Marketing, has entered
Ecow-Gas has already won exclusive Venture Global and Sinopec into a binding liquefied natural gas (LNG) sale
rights to build and operate LNG storage and and purchase agreement (SPA) with Sinochem
regasification facilities in Liberia and Sierra announce historic LNG Group.
Leone. Under the SPA, Sinochem Group has
The Tema LNG Ghana terminal will serve sales and purchase agreed to purchase an initial volume of
as a regional LNG storage hub for West Africa, approximately 0.9mn tonnes per annum
with a storage capacity in excess of 180,000 agreements (“mtpa”) beginning in July 2022, which
cubic metres. increases to 1.8 mtpa. The SPA has a term
Today, Venture Global LNG and China of approximately 17.5 years and Sinochem
Petroleum & Chemical Corp. (Sinopec) Group will purchase the LNG volumes on a
announced the signing of two 20-year free-on-board basis.
AMERICAS Sales and Purchase Agreements (SPA) for The purchase price for LNG under the SPA
the supply of a total of 4mn tonnes per is indexed to the Henry Hub price, plus a fixed
Northstar continues to build annum (MTPA) of LNG from Venture liquefaction fee.
“We are pleased to announce this long-
Global’s Plaquemines LNG export facility, in
its leading LNG bunkering Plaquemines Parish Louisiana. In addition, term LNG contract with Sinochem Group,
UNIPEC, a Sinopec subsidiary has agreed to
one of China’s leading state-owned energy
position purchase 3.5mn tonnes (MT) of LNG from companies, and to further Cheniere’s role
in providing clean, affordable and reliable
Venture Global’s Calcasieu Pass LNG facility
PNE Marine Holdings, an affiliate of Polaris for a shorter duration. This represents the energy to the Chinese market for many years
New Energy, has executed an agreement largest single LNG supply deal ever signed by to come,” said Jack Fusco, Cheniere’s President
with Fincantieri Bay Shipbuilding to build a a US company and will double imports of US and Chief Executive Officer. “This SPA once
5,500 cubic metre LNG bunker barge. PNE LNG to China. again demonstrates Cheniere’s ability to tailor
and Polaris are subsidiaries of Northstar “Venture Global is proud to enter into solutions in order to meet the needs of LNG
Terminals, a portfolio company of funds this new and exciting long-term partnership consumers worldwide, which is enabled by
managed by Oaktree Capital Management. with Sinopec, and soon become the largest the scale of our platform and the reliability of
This new barge will be a sister vessel to the US LNG exporter to China,” said Mike Sabel, our operations. In addition, the SPA further
LNG bunker barge Clean Canaveral, which chief executive officer of Venture Global LNG. reinforces our commercial momentum, and
will be delivered to Polaris in mid-November. “Today’s announcement will accelerate our once again confirms the strength of the global
Demand for economical supply of LNG combined efforts to lower carbon emissions LNG market and the global call for investment
fuelling the maritime sector is growing and provide a low-cost, reliable and secure in additional LNG capacity, including our
rapidly. Over the next several years 400 energy supply to China. From day one, Corpus Christi Stage 3 project.”
new vessels utilising LNG are expected in Venture Global has been on a mission to drive The Corpus Christi Stage 3 project is being
service. LNG is the leading solution to fuel fuel switching around the world from coal developed to include up to seven midscale
the maritime sector as the industry advances to natural gas, and we are thrilled to equip liquefaction trains with a total expected
its sustainability goals through a transition to Sinopec with a large supply of US LNG to do nominal production capacity of over 10
lower carbon fuels. The new articulated tug that and assist China in its energy transition.” mtpa. It has received all necessary regulatory
and barge (“ATB”) adds to Northstar’s growing “Sinopec has been pursuing low-carbon, approvals.
fleet delivering LNG to cruise ships, container green, safe, responsible and sustainable CHENIERE ENERGY, November 05, 2021
vessels, bulk carriers, car carriers, and tankers development, seeking high quality growth of
that are in service or on order today. its natural gas business,” said Ma Yongsheng,

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