Page 11 - AsianOil Week 30 2022

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Viva makes progress on infrastructure

for Australian LNG import terminal

PROJECTS & VIVA Energy said on July 27 that it had entered
COMPANIES into commercial agreements with GeelongPort
for the provision and construction of pier and
berthing infrastructure for its planned LNG
import terminal at the Port of Geelong in Vic-
toria, Australia.
The agreement involves the construction
of an extension to the existing refinery pier to
provide an additional berth for a permanently
moored floating storage and regasification unit
(FSRU). The unit would be used to receive LNG
imports. GeelongPort will construct the exten-
sion and will license the pier to Viva. Meanwhile,
Viva will construct the related infrastructure,
including a gas pipeline and treatment facility
to enable the imported gas to be fed into the
network.
Viva still needs to take a final investment Viva still needs to
decision (FID) on the terminal, known as the Woodside has a tentative agreement to supply charter an FSRU for the
Viva Energy Gas Terminal, as well as securing LNG to Viva’s terminal. However, the company import terminal.
final regulatory approvals before it can proceed has been among those raising concerns over how
with construction of the facility. The company difficult it will be to secure FSRUs for new import
has previously said that it is targeting an FID for project given the increased competition.
later this year. As of late May, Viva had said it was still in
Additionally, Viva still needs to charter an talks with Hoegh.
FSRU, having lost a tentative booking for such This comes as Australia is increasingly
a unit from Hoegh LNG to a German company, concerned about looming shortages of nat-
according to comments made by Woodside ural gas in the eastern part of the country,
Energy earlier this year. This came as Euro- even as it continues to be a leading exporter
pean companies scrambled to expedite new of LNG. The super-chilled fuel produced
LNG import capacity in the wake of the war in by Australia’s export terminals cannot be
Ukraine as they worked to reduce their depend- easily connected to the country’s centres of
ence on gas supplies from Russia. demand.™

NEWS IN BRIEF

SOUTH ASIA SOUTHEAST ASIA 100% owned subsidiaries) and TG World
(BVI), a wholly owned subsidiary of Blue
Shelf Drilling awarded new Sacgasco – Nandino SC54 Sky Resources, have advised the Philippines
Department of Energy (DoE) of their
contract in India with ONGC drilling update intention to drill a well in SC54 in the year
commencing August 8, 2022.
Shelf Drilling announced today that it has Sacgasco, is pleased to announce the plans TG World has agreed to a farmout with
received an award for a three-year contract for drilling of the Nandino Prospect in Nido and Yilgarn to fund 72.5% of the drilling
for the C.E. Thornton jack-up rig with Oil and Philippines Petroleum Service Contract 54 costs of Nandino 1 to earn an additional
Natural Gas Corp. (ONGC) for operations (SC54), offshore Palawan, Philippines. 36.25% participating intent in SC54 (refer
in the Mumbai High, offshore India. The The SC54 participants, namely Nido Sacgasco ASX announcement “Nandino
planned start-up of operations is Q2 2023. Petroleum Philippines and Yilgarn Petroleum Prospect Farmout” dated March 10, 2022).
SHELF DRILLING, July 28, 2022 Philippines (Nido and Yilgarn are Sacgasco SACGASCO, July 26, 2022

Week 30 29•July•2022 www. NEWSBASE .com P11