Page 8 - GLNG Week 25 2022

GLNG AFRICA GLNG

Chevron signs MoU with EGAS for East

Med gas transport, export

INVESTMENT THE US oil major Chevron signed a memoran- It was reported in March that Chevron is
dum of understanding (MoU) with state-owned pressing ahead with plans to build a 60-km
Egyptian Gas Holding Co. (EGHC) on June 20 onshore pipeline to connect Israel’s southern gas
concerning co-operation in building infrastruc- network, which handles gas from the Tamar and
ture for the transportation of natural gas from Leviathan fields, with that of Egypt in the Sinai
East Mediterranean fields to LNG plants in Peninsula. The US major and its partners are cur-
Egypt for export. rently waiting to receive permits to greenlight the
The MoU calls for the formation of a commit- construction of the $100-150mn pipeline, which
tee to jointly discuss and develop future projects will be able to deliver 6-7bn cubic metres per year
and study the possibility of producing low-car- of gas directly to Egyptian LNG plants.
bon LNG. At least one of the projects under con- Also on June 20, Chevron’s chairman Mike
sideration would facilitate the movement of gas Wirth announced after a meeting with Pres-
from Israel’s Leviathan gas field to Egypt’s two ident Abdel Fattah El Sisi that his company’s
existing LNG plants. plans for exploration and production in Egypt
Leviathan, in which Chevron has a 39.66% were proceeding on schedule. Chevron is set to
owned and operated interest, is one of the world’s begin drilling its first exploration well in its East
largest deepwater gas discoveries. The field is Mediterranean concession area offshore Egypt in
located 130 km offshore from Haifa, Israel. September, he said.™

AFRICA
Eni says first volumes of gas have been loaded

into Coral Sul FLNG offshore Mozambique

THE Coral South LNG consortium is on track to development wells in May.
begin producing LNG on schedule in the second Coral Sul FLNG is outfitted with a single
PROJECTS half of 2022, as it has begun loading natural gas production train and is capable of turning out
into the Coral Sul floating LNG (FLNG) vessel 3.4mn tonnes per year (tpy) of LNG. The vessel
installed at Area 4 offshore Mozambique. is currently anchored in 2,000-metre-deep water
Eni, the operator of the consortium, said in a and will be used to process 450bn cubic metres
press release dated June 18 that Coral South LNG of gas from the Coral reservoir within Area 4. It
had “safely achieved the introduction of hydro- is the first floating gas liquefaction plant ever to
carbons” into the FLNG unit, which arrived at be deployed at a deepwater field off the coast of
its current site at the Coral South gas field ear- Africa.
lier this year. The vessel is set to produce enough The Italian company stressed in its press
LNG to complete its first cargo in the second half release that the FLNG had been built “with an
of 2022, it stated. energy optimisation approach, integrated in
This event will add Mozambique to the list of the design via a systematic analysis of energy
the world’s LNG-producing countries, it added, efficiency improvements.” Some of these
without saying exactly how much the cargo improvements include, it said, “zero flaring dur-
would contain. ing normal operations, use of thermal efficient
Eni and its partners discovered the Coral aero-derivative gas turbines for refrigerant com-
field at Area 4 in 2012. They then made a final pressors and generation, use of Dry Low NOx
investment decision (FID) on the Coral South technology to reduce NOx emission and waste
LNG project in 2017, and their South Korean heat recovery systems for the process.”
contractor began construction of the FLNG unit The cost of Coral South LNG is expected
in September 2018. The vessel was completed to reach $10bn or more. The shareholders in
on schedule just 38 months later, despite the the project are Mozambique Rovuma Venture
challenges posed by the coronavirus (COVID- (MRV), a joint venture owned by Eni, Exxon-
19) pandemic, and departed from the shipyard Mobil (US) and China National Petroleum
for Mozambique in November 2021. It arrived Corp. (CNPC); Galp (Portugal); KOGAS (South
in Mozambican waters in January of this year, Korea), and ENH, the national oil company
completed mooring operations in March and (NOC) of Mozambique.™
then established connections to six subsea

P8 www. NEWSBASE .com Week 25 24•June•2022