Page 12 - GLNG Week 40

GLNG
NEWS IN BRIEF
GLNG
AMERICAS
Klaipedos nafta is
negotiating the operations
and maintenance services
agreement for the LNG
terminal in Brazil
Klaipedos na a (KN) is currently under negotiation with UTE GNA I Geração
de Energia (GNA), for the operations
and maintenance services agreement in connection to GNA’s LNG Terminal, located in Porto do Açu (State of Rio de Janeiro), one of the main port complexes in Brazil, which o ers a series of logistics solutions for the Brazilian oil and gas market.
Under such Agreement KN may commit to incorporate a company in Brazil (Brazilian SPV) for the provision of such services. For that reason, KN may need to give a guarantee or guarantees to secure the ful lment of obligations of the Brazilian SPV to GNA (or its legal successor) under the Agreement for the validity period of the Agreement (issuing a guarantee or guarantees for the entire
period of the Agreement or issuing separate guarantees for relevant shorter periods). It is established that a guarantee or guarantees of KN can be given both as a direct guarantee
of KN to GNA (or its legal successor) for the obligations of the Brazilian SPV, and indirectly – KN guaranteeing (also depositing cash or securing in any other way) the ful lment
of obligations of the Brazilian SPV to third parties, which issue guarantees or give other security for ful lment of obligations of the Brazilian SPV to GNA (or its legal successor) under the Agreement. It is established that
the total maximum amount covered by such guarantees of KN (whether direct or indirect) shall be limited to 100% of the annual income of the Brazilian SPV, generated under the Agreement, consisting of (i) the xed fee (which changes subject to annual in ation), (ii) the variable fee (depending on the utilization of the terminal and which changes subject to annual in ation), (iii) compensation for incurred expenses (depending on actually incurred expenses of a certain type, that GNA (or its legal successor) compensates under the Agreement) and the total amount of which
in one year, as estimated, should not exceed EUR 5 900 000 during the rst year of the commercial operations of the terminal as established in the agreement (without regard to possible foreign exchange uctuations). KLAIPEDOS NAFTA, October 09, 2019
Department of Energy authorises LNG exports from the Eagle LNG project in Florida
e US Department of Energy (DoE) announced the issuance of an order to Eagle LNG Partners Jacksonville (Eagle LNG) approving exports of domestically produced lique ed natural gas (LNG) from the Eagle
Jacksonville Project, to be located along the St. Johns River in Jacksonville, Florida. e Eagle Jacksonville Project, ultimately owned by Ferus Natural Gas Fuels, plans to export small-scale quantities of LNG, as well as serve the domestic market and provide LNG as a shipping fuel.
“I am excited to see a company like Eagle LNG developing new and innovative ways to use US LNG,” said Secretary of Energy Rick Perry. “And I am pleased that the Department of Energy was able to e ciently approve Eagle LNG’s export application a er the Federal Energy Regulatory Commission approved the Project, allowing Eagle LNG to bring their innovative LNG solutions to the market as quickly as possible.”
Under the order, Eagle LNG will have authority to export up to 0.14 billion cubic feet per day (Bcf/d) of natural gas as LNG from the proposed Eagle Jacksonville Project. Eagle LNG is authorised to export the LNG by ocean-going vessel or by ISO container to any country with which the United States does not have a free trade agreement (FTA) requiring national treatment for trade in natural gas, and with which trade is not prohibited by US law or policy. e Federal Energy Regulatory Commission (FERC) authorised Eagle LNG to site, construct, and operate the Eagle Jacksonville Project on September 19, 2019.
“ e small scale LNG market is an increasingly important energy supply option for our neighbors, and Eagle LNG has been an industry leader in this growing segment
of the market,” said Assistant Secretary for Fossil Energy Steven Winberg. “ is action furthers the administration’s commitment
to promoting American energy production which is critical to American workers and the American economy.”
US DEPARTMENT OF ENERGY, October 04, 2019
ASIA
MISC secures 15-year charter deals with ExxonMobil for two new LNG carriers
MISC through its wholly-owned subsidiaries have secured agreements with ExxonMobil’s wholly owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two lique ed natural gas (LNG) carriers. Each of the LNG carriers will respectively serve the transportation needs of
P12
w w w . N E W S B A S E . c o m
Week 40 10•October•2019