Page 11 - GLNG Week 10 2022
P. 11
GLNG ASIA GLNG
Outage reported at Malaysia LNG Satu
PROJECTS & AN unplanned outage was reported at the smaller volumes in March or delay the delivery of
COMPANIES Malaysia LNG (MLNG) Satu – part of the coun- their March cargoes. Argus reported that Petro-
try’s nine-train Bintulu LNG complex – last nas had also sought to exercise its right to cancel
week. at least one term buyer’s April delivery under a
The outage is reported to have resulted from downward quantity tolerance (DQT) clause in
a leak that led to the second train being taken its contract.
offline. Argus Media cited some term offtakers Reuters cited Rystad Energy’s senior LNG
from the facility as saying the train went offline analyst Kaushal Ramesh as saying the outage was
on March 2 and would be returned to service on likely to take two cargoes off the market between
MLNG Satu is part of March 14. March and April and that this could potentially
Malaysia’s Bintulu LNG The train has a capacity of 2.8mn tonnes trigger replacement demand.
complex. per year (tpy) of LNG. Malaysia’s state-owned Petronas is also reported to be in the spot
Petronas has a 90% stake in MLNG Satu and market, potentially seeking replacement cargoes
markets LNG volumes from the venture on for the ones lost to the outage. This comes as
behalf of its partners – Mitsubishi and the Asian spot prices are rising, spurred by concerns
Sarawak state government. MLNG Satu – or over disruptions related to Russia’s invasion of
One – consists of three trains. The Bintulu Ukraine and the international response to it.
complex also included the three-train MLNG Colder weather is also reported to have bolstered
Dua (Two), the two-train MLNG Tiga (Three) spot demand among countries including Japan
and Train 9. and South Korea. But gas prices are currently
Petronas is reported to have approached some higher in Europe, which is more vulnerable to
Bintulu offtakers requesting that they either load disruptions of Russian supply.
EUROPE
Germany signs deal on
LNG import terminal
PROJECTS & GERMANY has shored up plans for what German Finance Minister Sigrid Kaag said in a
COMPANIES could be its first LNG import terminal, with its statement. “A good step in reducing dependence
state-owned investment group KfW signing a on gas imports from Russia.”
memorandum on March 4 with Dutch gas grid German Climate Minister Robert Habeck,
operator Gasunie and German energy group though a Greens Party member in the country’s
RWE on the project. coalition government, also praised the project,
Germany’s government recently ordered even though his party has previously criticised
certification of Russia’s Nord Stream 2 gas pipe- German plans to import more LNG.
line to be halted in light of Russia’s actions in “With the LNG terminal in Brunsbuettel, we
Ukraine. In its stead, that project is expected to are responding to the latest geopolitical devel-
be replaced by two LNG import terminals – one opments,” he said. “We must reduce depend-
in Brunsbuettel and one in Wilhelmshaven. ence on Russian gas. LNG terminals help to
Gasunie said it expected to break ground increase security of supply in Germany and
later this year on the Brunsbuettel facility, which Europe.”
will have a regasification capacity of 8bn cubic At a later stage the terminal could also be con-
metres per year. The Dutch firm will operate the verted to receive green hydrogen itself, meaning
plant, but KfW will acquire a 50% stake and pro- it can serve a role in Germany’s longer-term
vide it with financing on behalf of the German energy transition strategy.
government. Gasunie originally teamed up with another
Germany was formerly comfortable with its Dutch company Vopak and Germany’s Oil-
relatively high dependence on Russian energy, tanking to develop the Brunsbuettel facility. But
but under new Chancellor Olaf Scholz its posi- Vopak said it was withdrawing from the project
tion has radically altered. in November last year, and Oiltanking has not
“With the construction of the LNG terminal confirmed its continued commitment. A final
in Brunsbuettel, Gasunie is making an important investment decision (FID) on the project is yet
contribution to the European security of supply,” to be announced.
Week 10 11•March•2022 www. NEWSBASE .com P11
