Page 13 - GLNG Week 40

GLNG
NEWS IN BRIEF
GLNG
ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.
Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries (SHI) for the construction of the LNG carriers in Korea. e vessels will have a capacity of 174,000 cubic metres (cbm) and will feature state-of- the-art technologies including modern XDF propulsion, Mark III Flex Plus containment system and full re-liquefaction facility for higher e ciencies and to meet the demand for worldwide trading and long-haul voyages. e LNG carriers are expected to be delivered in the rst quarter of 2023.
MISC’s president/group chief executive o cer, Mr. Yee Yang Chien said “ is is certainly a landmark moment for MISC, and we are proud to expand this strategic partnership with ExxonMobil through SeaRiver in providing best-in-class shipping solutions, beginning with Petroleum and now LNG. With our broad spectrum of energy related maritime solutions and services, MISC is con dent of our ability
to serve the various needs of the global oil
and gas industry. We honour the trust and value the opportunity given for us to support ExxonMobil in ensuring safe, e cient and reliable transportation of LNG. Ultimately this partnership is a testament to our capabilities of ful lling the world’s growing demands for this energy source.” “Our cooperation with MISC is an integral part of ExxonMobil’s commitment to provide exible solutions in the open and dynamic LNG marketplace,” said Alex Volkov, Vice President of Global LNG Marketing at ExxonMobil. “ e addition of these two vessels will help us build a competitive LNG value chain as ExxonMobil continues to grow its global gas portfolio and expand supply positions to meet evolving needs of our customers.”
MISC, October 10, 2019
AUSTRALASIA
Transborders Energy signs
joint study agreement with
Mitsui OSK Lines
Transborders Energy is pleased to announce it has entered into a Joint Study Agreement with Mitsui OSK Lines (MOL) to together continue the development of its oating LNG (FLNG) Solution and to pursue its deployment on
a range of stranded o shore gas resource opportunities.
Transborders’ FLNG Solution provides
a pre-determined 1.3 MTPA FLNG development concept with a package of streamlined commercial & regulatory approval framework (including LNG buyers) to gas resource owners.
Transborders’ chairman Jack Sato says: “We are very pleased to welcome MOL as a strategic partner to our FLNG Solution. In addition to Kyushu Electric Power Company in Japan, participation of MOL, a world-class major shipping line, will de nitely underpin TBE’s business model and strengthen the development of our venture. Truly a major step forward.”
rough this joint study agreement, Transborders will collaborate with MOL
to perform three key activities: Conduct technical Pre-FEED with Transborders’ strategic partners TechnipFMC and Add Energy; pre-negotiate key commercial
terms of the FLNG Solution with existing/ cornerstone study partner Kyushu Electric Power, TechnipFMC and Add Energy; and pursue the deployment of the FLNG Solution on stranded gas resource opportunities.
Upon completion of the Transborders’ FLNG solution development work at the end of 2019, Transborders will be in a position to convert a range of stranded gas resources into ‘project sanction (FID) ready’ state within
24 months a er FLNG solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.
Transborders’ FLNG solution development work has obtained in March 2018 “major project” designation from the Australian federal government.
TRANSBORDERS ENERGY, October 07, 2019
Maintenance at Australia’s
North West Shelf LNG
facility ongoing
Maintenance at the North West Shelf LNG plant in Australia is ongoing, a spokesman for operator Woodside Petroleum told Reuters on October 7.
e maintenance has been extended a er initially being scheduled to run from September 5 until October 1. It was not con rmed whether it had been extended, or simply delayed.
“An integrated turnaround campaign is being undertaken at the North West Shelf project,” the spokesman said. He added
that the turnaround involved LNG Train 5, fractionation, the North Rankin complex and North Rankin Train 2 but declined to say when it was now due to be completed.
“If there is any material impact to Woodside’s 2019 production guidance, it will be communicated in line with our market disclosure requirements,” the spokesman said.
EUROPE
Intercontinental Exchange
announces new milestones
in TTF and JKM trading
Amid the liberalisation of lique ed natural gas and the corresponding globalization of natural gas markets, Intercontinental Exchange
(ICE), a leading operator of global exchanges and clearing houses and provider of data
and listings services, today announced new milestones in the trading of the TTF natural gas and JKM LNG (Platts) contracts.
In September, TTF Futures and Options hit an all-time monthly volume record of more than two million lots (2,023,848), equivalent to 1,484 TWh. TTF Futures set a new daily volume record on September 10 of 193,695 lots, equivalent to 142.1 TWh. TTF is the most liquid European natural gas benchmark, followed by ICE’s UK Natural Gas Futures
Week 40 10•October•2019
w w w . N E W S B A S E . c o m
P13