Page 11 - GLNG Week 34

GLNG
NEWS IN BRIEF
GLNG
up to 170,000 cubic metres of gas. e 75km pipeline is expected to cost $260mn and
will connect the terminal to Yumbo on the northern outskirts of Cali, Colombia’s third- largest city.
TGI says it has secured an agreement with an international partner for a 50:50 joint venture for the project. While the company has not revealed the name of the partner, there is speculation that it could be Spain’s Enagás a er the company was reported by local media to have shown interest in forming a consortium.
e project comes as Colombia is seeking to secure new gas supplies amid a lack of new domestic sources and rising demand from power generators. According to UPME, a natural gas supply de cit will become apparent in the country by February 2022 in “an average demand scenario”.
Colombia’s rst LNG import facility, located in Cartagena, was brought online in 2016.
Gastech spotlights US LNG
exports increase at 2019
conference
Gastech today highlighted that US. LNG exports will be a key topic of discussion at Gastech 2019.
“US LNG export capacity continues to increase and o er new opportunities for
the global energy industry,” said Jenny
Kelly, conference director for Gastech 2019. “Virtually all US. import terminal facilities are now export terminal facilities, and this shi is being felt across the value chain.”
e potential outcomes and opportunities as a result of increased LNG export capacity is an area of interest to the industry, speci cally suppliers, buyers, developers, aggregators and traders.
“When you consider subsequent e ects as a result of increased LNG exports, everything from US E&P commodity environments, to environmental outcomes as LNG displaces
the coal trade, to more dynamic global LNG trading opportunities, will be in play,” said Ben Chu, director of equity, LNG and proprietary at Genscape.
e subject of LNG exports is of critical to many companies attending Gastech, including dmg a liate Genscape, the leading global provider of real-time data and intelligence for commodity and energy markets. Genscape utilises its state-of-the-art technology to monitor all US liquefaction terminals. e company expects US LNG exports to reach over 8 bcf per day by year end and 10 bcf per day by 2020.
“It has been fascinating to watch US liquefaction terminals. In some sense, US liquefaction players, such as tollers, contract holders and developers, are manning the gateway connecting large and important markets,” said Chu.
GASTECH, August 22, 2019
NorthStar Midstream
to form LNG marine
transportation company –
Fincantieri Bay Shipbuilding
to build 5,400 cubic metre
LNG barge for East Coast
route
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, is pleased to announce the formation of Polaris New Energy (PNE),
a marine transportation company focused on the transportation and distribution of lique ed natural gas (LNG) along the coastal and inland waterways of the United States.
NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build
a 5,400-cubic metre, with the ability to potentially construct two sister barges, for coastwise transportation of LNG. Utilising a suitable tugboat, the barge will operate as an
articulated tug and barge unit that will initially run along the East Coast of the United States providing LNG bunkering solutions to NorthStar’s customers. PNE will be sourcing LNG from JAX LNG, a new state-of-the-
art LNG production facility in Jacksonville, Florida created through a partnership between NorthStar and Pivotal LNG.
e 5,400-cubic metre ATB will be tted with four 1,350 CBM IMO Type C tanks. It will utilise a cargo handling system designed and developed by Wartsila. Dimensions of the vessel will be 340’ overall length, 66’ beam, and a depth of 32’-10”. e ATB will be an ABS Classed barge.
NORTHSTAR MIDSTREAM, August 22, 2019
North America to drive global LNG liquefaction industry contributing 73% of new-build capacity growth by 2023, says GlobalData
North America is expected to drive capacity growth in the global lique ed natural gas (LNG) liquefaction industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 73%
of global growth by 2023, according to GlobalData, a leading data and analytics company.
e company’s report, ‘Global LNG Liquefaction Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Liquefaction Terminals’, reveals that North America is expected to have a new-build liquefaction capacity of 243 million tonnes per annum (mtpa) by 2023. Announced projects account for most of the new-build capacity in the region.
Soorya Tejomoortula, Oil and Gas
Analyst at GlobalData, says: “North America is expected to add 26 new-build LNG liquefaction terminals during the outlook period. Among these, Rio Grande is the largest new-build liquefaction terminal, which is expected to start operations in 2023 with a capacity of 27 mtpa.”
Following North America, GlobalData identi es the Middle East as the second highest region in terms of global LNG liquefaction capacity growth. e region will add a new-build liquefaction capacity of 32 mtpa by 2023. e Qatar LNG terminal in Qatar is the only announced terminal in the
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