Page 11 - GLNG Week 12 2021
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Azerbaijan’s SOCAR sets up team
to develop LNG-to-power projects
INVESTMENT AZERBAIJAN’S SOCAR Trading has report- was reported as saying, adding: “We now have
edly formed a team to develop integrated LNG- set up a dedicated team.”
to-power projects and aims to establish a carbon SOCAR Trading’s next LNG-to-power pro-
division this year. ject will be in Sri Lanka. There it is part of the
Owing to their complexity, LNG-to-power Pearl Energy project to develop LNG capabili-
projects are usually carried out by a consortium ties at the country’s Hambantota port. The LNG
of companies and SOCAR hopes to establish would then be transported by road to power
itself as a major player in the sector, Reuters producers with an eventual goal to build a power
reported. plant at the port.
SOCAR has already been involved in one The firm is also eying opportunities in sev-
project in Malta as part of the ElectroGas Malta eral African countries including Senegal and
consortium that built an onshore regasification Mozambique, Kocharli was also cited as saying,
facility to receive liquefied natural gas (LNG) and would participate in an upcoming tender to
along with a power plant, completed in 2017. set up LNG capabilities at the Coega special eco-
Geneva-based SOCAR Trading, the interna- nomic zone in South Africa.
tional marketing arm of the state-owned oil Another similar project lined up in Cote
company, took an equity stake and provided the d’Ivoire was, according to the news agency
LNG for the project. report, on hold owing to a period of political
“Ever since our first LNG to power project uncertainty after the death of two government
in 2017, we had the idea of replicating the LNG- heads.
to-power concept elsewhere,” Togrul Kocharli, SOCAR traded 4mn tonnes of LNG last year.
chief development officer at SOCAR Trading, It hopes to hit 10mn tonnes by 2025.
Petronas delivers first
cargo from PFLNG DUA
PROJECTS & MALAYSIA’S state-owned Petronas has deliv- Petronas with new and sustainable sources of
COMPANIES ered its first cargo of LNG from the Petronas LNG to meet the growing demand for cleaner
Floating LNG DUA (PFLNG DUA) facility. energy.”
The company said on March 25 that the cargo This week’s shipment caps off a busy month
had been loaded onto the Seri Camar LNG Car- for Petronas, in which it has signed two major
rier, which is operated by MISC, on March 24 for partnership agreements with foreign players that
delivery to a buyer in Thailand. open new collaboration opportunities across the
While Petronas refrained from disclosing energy value chain.
further details, the state major has previously Petronas has signed a broad agreement with
shipped LNG to both Thai national oil company Abu Dhabi National Oil Co. (ADNOC) that will
(NOC) PTT as well as state-run Electricity Gen- see the pair explore opportunities throughout
erating Authority of Thailand (EGAT). the oil and gas value chain in their first deal.
The shipment from PFLNG DUA establishes While the two the companies will jointly
Petronas as the first energy company to produce explore opportunities for upstream, they will
LNG from two operational FLNG facilities, after also “jointly assess strategic opportunities for
the company brought the world’s first FLNG ves- domestic and international collaboration across
sel – PFLNG SATU – on line in 2016. the downstream sector”, focusing domestically
PFLNG DUA can produce up to 1.5mn on opportunities around fuel oil and LNG
tonnes per year (tpy) of LNG and is located at bunkering.
140 km offshore Sabah on the Block H Rotan gas Petronas also signed a memorandum of
field in around 1,300 metres of water. understanding (MoU) this month with China
Petronas president and CEO Tengku National Offshore Oil Corp. (CNOOC) under
Muhammad Taufik said: “PFLNG DUA’s mobil- which the two sides agreed to intensify their col-
ity will allow us to unlock even more marginal laboration in LNG, upstream projects, refining
and stranded gas fields in the future, providing and oilfield services.
Week 12 26•March•2021 www. NEWSBASE .com P11
