Page 15 - GLNG Week 04

GLNG
NEWS IN BRIEF
GLNG
from developing into an event that could impact the offsite public.”
The issuance of the supplemental FEIS
is a major milestone for the proposed Magnolia LNG project capacity upgrade, incorporating substantive comments from FERC, cooperating federal agencies, and other interested parties. In completing the work necessary to issue the Supplemental FEIS, FERC and other co-operating federal agencies analysed publicly available data and data provided by Magnolia LNG associated with the construction and operation of the Magnolia LNG project.
The company’s executive chairman, managing director and CEO, Greg Vesey, said: “We thank FERC and other federal agencies for their continued diligence and review of Magnolia LNG’s Production Capacity Amendment, and we look forward to receiving the federal authorisation on schedule in April.”
LIQUEFIED NATURAL GAS LTD, January 28, 2020
ASIA
AG&P expands its low- capex solutions for bunkering and LNG-to- power vessels to meet rising demand for cleaner fuel
Atlantic Gulf and Pacific (AG&P), the global downstream gas and LNG logistics company, is expanding its portfolio of proprietary technologies for small-scale bunker vessels and LNG-to-power barges in response to growing global demand for cleaner and cheaper fuel.
In the past year, AG&P and majority- owned GAS Entec have been awarded contracts for key LNG components of, among others (i) Japan’s first LNG bunker vessel, (ii) Asia’s largest bunker vessel that will operate in Singapore, and (iii) multiple LNG carrier (LNGC) conversions to floating storage and regasification units (FSRUs) to be deployed
in Africa and to power electricity grids in different markets.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to import and distribute LNG in an affordable and smaller volumes to non-traditional and off-grid customers. Our unique technologies bring isolated consumers clean, affordable gas, while giving suppliers access to new markets and revenue streams,” said Chong-Ho Kwak, CEO of Gas Entec during the Global LNG Bunkering Summit held in Amsterdam, Netherlands.
“Our integrated, low-capex solutions drive down LNG equipment and transport costs, which not only reduce overall project costs, but has the potential to lower the delivered cost of LNG per mmBtu for the customer,” Mr. Kwak added.
AG&P Vice president for business development Nishant Sharma commented: “To meet the needs of project owners
and investors, solutions must be scalable
to minimise surplus capacity and enable investment to match market growth. To sustain demand creation, producers of LNG must also be able to access smaller and more dispersed categories of consumers, bypassing the major intermediaries.”
ATLANTIC GULF AND PACIFIC, January 28, 2020
TMC bags ALS compressor
contract for seven LNG
newbuilds
TMC Compressors of the Seas has been
awarded a contract by Hyundai Heavy Industries to deliver its air lubrication system compressors to seven LNG carriers the Korean shipbuilder is constructing for Capital Gas Corp.
TMC has developed a range of marine compressors for use in combination with
air lubrication systems (ALS) to help ships further reduce fuel consumption and emissions to air.
Under the contract, TMC will supply three marine ALS compressors to each of the seven LNG carriers, in total 21 compressor units. TMC will also provide its ALS control system that is integrated in a specially designed control cabinet.
The equipment will be manufactured in Norway and shipped to Hyundai Heavy Industries in Korea.
“During the past 15 years, we have
more or less constantly tried to identify
new ways of reducing energy consumption and the environmental footprint of our compressors. Identifying new usage areas
for our compressors, such as ALS, is part
of our commitment to making shipping greener. Landing such a significant contract with Hyundai Heavy Industries is a fantastic seal of approval for our new range of ALS compressors,” says Hans Petter Tanum, TMC’s director of sales and business development.
ALS – or air lubrication system – is a method used to reduce the resistance between the ship’s hull and seawater by using air bubbles. The air bubble distribution across the hull surface reduces the resistance working on the ship’s hull, creating energy-saving effects.
The seven LNG carriers in question will
be equipped Hyundai Heavy Industries’ self-developed Hi-ALS air lubrication system. According to Hyundai Heavy Industries, its Hi-ALS system can cut fuel consumption by up to 8%.
TMC COMPRESSORS OF THE SEAS, January 23, 2020
Delta Offshore receives
investment registration
certificate
Further to the attached Press Release
from Delta Offshore Energy (DeltaOE), Liquefied Natural Gas Ltd (LNGL) wishes
to congratulate Delta Offshore Energy on
the receipt of the investment registration certificate (IRC) for their 3,200-MW LNG-to- power project in Vietnam’s Bac Lieu Province. LNGL understands that the IRC is the final regulatory approval required for the Bac
Lieu project. LNGL also wishes to express
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