Page 10 - AsianOil Week 24 2022

AsianOil SOUTHEAST ASIA AsianOil

First Gen requests delay to

Philippine LNG project schedule

PROJECTS & FIRST Gen is facing delays in the development the charter of the FSRU last year.
COMPANIES of its LNG import project offshore the Philip- The BW Paris has an LNG storage capacity of
pines. On June 16 the company said it had asked 162,400 cubic metres and nominal and peak gas
the Philippine Department of Energy (DoE) to send-out capacities of 500mn cubic feet (14.2mn
extend its construction permit for the project by cubic metres) per day and 750 mmcf (21.2 mcm)
six months. per day respectively. In addition to providing
The extension would see the permit run until storage and regasification services, the BW Paris
First Gen has also March 2023, compared with September 2022 is capable of providing ancillary services, includ-
requested that delivery previously. First Gen said the delay had been ing the reloading of LNG into trucks and small-
of the BW Paris FSRU caused by events and circumstances not within scale vessels.
be delayed. its “reasonable control”. It did not provide any First Gen’s LNG import terminal is one of at
further details. least six such projects that have been approved by
The company has also requested that deliv- the Philippine government today. The country
ery of the BW Paris floating storage and regas- is seeking alternative sources of gas supply to its
ification unit (FSRU) be delayed, from the first Malampaya field, which the government antici-
quarter of next year to the end of the second pates running dry by 2027. This is despite the fact
quarter or early in the third quarter. The unit that the field is currently undergoing a change
will be delivered by BW Gas, which has agreed in ownership, with owners Prime Infra Holdings
to extend the delivery schedule according to First and Udenna exploring possibilities for extending
Gen. The companies executed a five-year deal for Malampaya’s life.™

EAST ASIA

Gazprom, CNPC sign technical agreement

on Far East gas route to China

PIPELINES & RUSSIA’S Gazprom and China National Petro- Siberia pipeline. That pipeline has a peak capac-
TRANSPORT leum Corp. (CNPC) have signed a technical ity of 38bn cubic metres per year and is due to
agreement on a Far East route for supplying Rus- be in service for around 30 years. Gazprom
sian natural gas to China, Gazprom announced supplied about 11 bcm in 2021 via the Power of
on its Telegram channel on June 16. Gazprom Siberia, which is expected to reach full capacity
deputy chairman Vitaly Markelov and CNPC in 2025.
vice-president Huang Yongzhang signed the deal The agreement for the second pipeline covers
via videoconference at the St Petersburg Interna- supply of 10 bcm per year of gas over a 30-year
China already receives tional Economic Forum (SPIEF). period. The South-Kirinskoye field off the coast
Russian gas via the “The document contains the main technical of Sakhalin Island is expected to be the source
Power of Siberia parameters for the cross-border section of the of supply.
pipeline. gas pipeline, including the underwater crossing Since that deal was signed, China has
of the Ussuri border river, as well as the physical become an increasingly important export
and chemical parameters of the gas intended for market for Russia, after the war in Ukraine
supply,” said Gazprom. led the European Union to announce that it
The technical agreement follows a long-term would phase out Russian gas supplies over the
gas supply deal that the two companies signed coming years. Indeed, supplies to Europe are
in early February, which is intended to underpin already suffering from disruptions, and piv-
development of a second gas pipeline between oting to China looks increasingly important
Russia and China after the existing Power of to Moscow.™

P10 www. NEWSBASE .com Week 24 17•June•2022