Page 13 - GLNG Week 50 2021

GLNG NEWS IN BRIEF GLNG

executed from Shawcor’s Kabil, Indonesia
facility commencing in the fourth quarter of
2022, with delivery continuing into 2024.
SHAWCOR, December 17, 2021

EUROPE
Gunvor secures new

$1.135bn LNG syndicated

said. “Beyond world-class engineering trust in our capabilities.” borrowing base facility
competence and efficiency, B.Grimm Power Previous collaborations between Sembcorp
and Siemens Energy take a comprehensive Marine and Bechtel include Australia Pacific Gunvor Group, the largest independent trader
approach to development by leveraging LNG project and the Wheatstone LNG of liquefied natural gas (LNG) worldwide,
global relationships and experience to deliver project. has signed a new syndicated borrowing
turnkey solutions.” The aforementioned contract is not base facility to support the working capital
ENERGY CAPITAL VIETNAM, December 16, expected to have any material impact on the needs of the company’s growing LNG
2021 net tangible assets and earnings per share of activities globally. The syndication launched
the Group for the year ending December 31, at US $800mn and was oversubscribed
2021. following strong appetite from the market,
AUSTRAL ASIA SEMBCORP MARINE, December 14, 2021 predominantly in Asia, the Middle East and
Europe, and closed at $1.135bn.
Sembcorp Marine to Shawcor announces LNG trade flows including Gunvor’s shipping
The facility, structured around global
support Bechtel in the receipt of notice to proceed activities, will finance physical and derivative
positions. As a part of the facility, Gunvor
construction of gas for Scarborough project has committed to CO2 carbon emissions
reporting to establish transparency for the
processing train for Pluto trunkline coating carbon footprint of the company’s LNG value
chain.
Train 2 project Shawcor today announced that its pipe base demonstrates a strong commitment from
“The success of this new LNG borrowing
coating division has received a formal notice
Sembcorp Marine, through its wholly owned to proceed from Saipem Australia for the banks to support Gunvor’s growing LNG
subsidiary, Sembcorp Marine Offshore Scarborough Project, located offshore in business through innovative structures,” said
Platforms (SMOP), has entered into a contract Australia’s north-west. Tawfik Sadfi, head of structured trade finance
with Bechtel Overseas Corporation for The Scarborough gas resource is located at Gunvor Group. “Gunvor’s clearly defined
module assembly of the second LNG train to in the Carnarvon Basin, approximately 375 trading strategy and business model – which
be constructed at the Pluto LNG project. km west-north-west of the Burrup Peninsula function hand-in-hand with our sustainability
Bechtel and SMOP will form an integrated in Western Australia. The Scarborough commitments – continue to attract the
management team to manage the module gas resource will be developed through confidence of the market.”
assembly programme for Pluto Train 2, new offshore facilities connected by an Rabobank said of the transaction: “The
scheduled to be completed in 2024. approximately 430 km pipeline to a proposed successful syndication of this facility, which
Pluto LNG is a single onshore LNG second LNG train (Pluto Train 2) at the is a first of its kind for LNG trading and
processing train located on the Burrup existing Pluto LNG onshore facility. coincided with unprecedented volatility in the
Peninsula near Karratha in the north-west The Scarborough reservoir contains only market, reflects the strong interest of banks
of Western Australia and currently processes ~0.1% carbon dioxide, and together with to support responsible participants in the
gas from the Pluto and Xena offshore fields. the adoption of highly efficient and proven growing global LNG market, one of the main
Woodside has operated Pluto LNG safely technology in design at Pluto Train 2, the enablers of the energy transition.”
and reliably since its start-up in 2012. The development will be amongst the lowest- Gunvor has previously announced
construction of Pluto Train 2 will expand carbon intensity LNG sources globally for commitments in the areas of environment,
Pluto’s existing processing capacity by around delivery into North Asia. The first cargo is social, and governance (ESG) targeting
fivemn tonnes per annum and allow for the expected to be delivered in 2026. a 40% reduction in the company’s Scope
processing of third-party gas resources. Shawcor had, in February 2020, signed a 1 and 2 emissions by 2025. For existing
Sembcorp Marine Head of Offshore contract with Saipem Australia, conditional and new trading, dedicated programs are
Platforms Mr Samuel Wong said: on a final investment decision [FID] by being established to reduce emissions and
“Sembcorp Marine is pleased to collaborate the Scarborough Joint Venture, which was environmental impact, while taking into
once again with Bechtel on an Australian taken on 22 November 2021. The contract account human rights considerations, in line
LNG project. The Group looks forward to is a large project1 for Shawcor that will with Gunvor’s commitment to the UNGPs
executing the project safely and efficiently include provision of internal, anticorrosion, on Business & Human Rights. Tracking and
and we thank Bechtel for their continued and concrete weight coating services to be reporting of Scope 1, 2, and 3 emissions

Week 50 17•December•2021 www. NEWSBASE .com P13