Page 13 - GLNG Week 12 2021

GLNG NEWS IN BRIEF GLNG

AMERICAS OLCV to design, construct, and operate a from Total, as well as the creation of a joint
CO2 pipeline and permanent storage facility venture to expand LNG marketing in China.
NextDecade, Oxy Low in South Texas,” said Matt Schatzman, Group 51%) will sell LNG, supplied by Total,
The joint venture (Total 49%, Shenergy
NextDecade’s chairman and chief executive
Carbon ventures sign term officer. “OLCV’s expertise and reliability to customers in Shanghai and throughout the
complement the transformative and impactful
neighbouring Yangtze River Delta regions,
sheet for CO2 transportation contributions our NEXT Carbon Solutions one of the main LNG markets in China.
Additionally, Total will supply LNG to
business is making to the global energy
and storage in South Texas industry, and in particular the proprietary Shanghai Gas, the natural gas subsidiary of
processes we are advancing to lower the cost
Shenergy Group, for its distribution business.
NextDecade, a clean energy company of utilising CCS technology.” “This deal with Shenergy Group is a great
accelerating the path to a net-zero future, “We are excited to partner with opportunity to partner with an experienced
and Oxy Low Carbon Ventures (OLCV), a NextDecade to enable the supply of low- Gas & LNG player with strong ambitions,
subsidiary of Occidental and global leader in carbon natural gas to international markets. as well as a unique entry point into the
carbon dioxide (CO2) management, today Signing this agreement is an important downstream LNG market in China. This
announced that they have executed a term milestone in scaling up OLCV’s pure partnership is in line with our strategy to
sheet for the offtake and permanent geologic sequestration business and providing services grow along the entire gas value chain,” said
storage of CO2 captured from NextDecade’s to help others achieve their net zero goals,” Stéphane Michel, president gas, renewables
planned Rio Grande LNG project in the Port said Richard Jackson, Occidental’s president, and power at Total. “LNG is playing a key role
of Brownsville, Texas. operations, US onshore resources and carbon in meeting the growing demand for natural
Earlier this month, NextDecade management. “The CO2 sequestration facility gas, especially in China where we are pleased
announced the formation of NEXT Carbon proposed for South Texas is a great example to contribute to the diversification of the
Solutions, a wholly owned subsidiary that is of the many sequestration hubs that OLCV energy mix.”
expected to – among other things – develop plans to develop across the United States, and “The Shenergy Group is very pleased to
one of the largest carbon capture and storage eventually around the globe.” sign this partnership agreement with Total,
(CCS) projects in North America at Rio NEXTDECADE AND OXY LOW CARBON which secures a long-term, reliable supply of
Grande LNG. NEXT Carbon Solutions’ CCS VENTURES, March 25, 2021 LNG for the Yangtze River Delta. The joint
project at Rio Grande LNG is expected to venture with Total will develop the LNG
enable the capture and permanent geologic downstream market and support the objective
storage of more than five million tonnes of ASIA of Shenergy Group to improve the air quality
CO2 per year. and reduce emissions in the region,” said Mr.
Under the terms of the agreement, OLCV Total partners with Wang Zhehong, vice president of Shenergy
will offtake and transport CO2 from the Group and Chairman of Shanghai Gas.
Rio Grande LNG project and permanently Shenergy Group to jointly The LNG supply to the JV and Shanghai
sequester it in an underground geologic gas distribution business will be sourced
formation in the Rio Grande Valley, where market LNG in China from global LNG portfolio of Total through a
there is vast CO2 storage capacity, pursuant to long-term LNG Sale and Purchase agreement
a CO2 Offtake Agreement and a Sequestration Total and Shenergy Group, the leading energy ramping up to 1.4mn tons per annum for a
and Monitoring Agreement to be negotiated player in Shanghai, have signed binding term of twenty years. It will be delivered to
by the parties. agreements for the supply of up to 1.4 million Shenergy’s Chinese LNG terminals.
“We are pleased to be working with tons per annum of liquefied natural gas (LNG) TOTAL AND SHENERGY GROUP, March 23,
2021
Wärtsilä signs optimised

maintenance agreements

to support Japanese

LNG carriers with digital
solutions

The technology group Wärtsilä has signed
two long-term Optimised Maintenance
agreements with Japan based NYK LNG
Ship Management. The 15-year agreements
cover the Wärtsilä 50DF dual-fuel engines
and other equipment installed on two LNG
carrier vessels. The contracts were signed in
December 2020 and took effect from January
2021.

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