Page 16 - GLNG Week 04

GLNG
NEWS IN BRIEF
GLNG
gratitude to the members of the Bac Lieu Province People’s Committee and the National Steering Committee on Vietnam’s Energy Development for their approval of DeltaOE’s IRC following the recent inclusion of the Bac Lieu project in Vietnam’s Power Development Plan 7 Revised (PDP7R).
stake, said its share of GLNG’s sales had climbed from 2.79mn tonnes in 2018 to 2.95mn tonnes on the back of stronger equity gas production and a record 393 wells drilled. The company has projected that GLNG will sell 6.2mn tonnes this year.
Santos managing director and CEO Kevin Gallagher said: “Natural gas is forecast to supply a quarter of the world’s total energy demand by 2040 and Santos, with its portfolio of long-life natural gas assets, is well positioned to benefit as we seek to deliver 120mn boe of production by 2025.”
EUROPE
Wärtsilä integrated solutions will deliver efficiency and sustainability to three new short-sea vessels
The technology group Wärtsilä will supply all the main equipment for the first LNG fuelled short-sea Ro-Lo (roll-on, lift-off) vessels to be operated by Finland based Bore Ltd. Three ships have been ordered and are being built at the WuHu Shipyard in China. The order with Wärtsilä was placed in December.
Wärtsilä has worked in close collaboration with both the owner and the naval architect to develop a vessel optimised integrated LNG system. As a result it has been possible to locate a 250 cbm Wärtsilä LNGPac storage and supply system below deck without
compromising the cargo capacity.
The ships will be propelled by a Wärtsilä
34DF dual-fuel engine driving a Wärtsilä controlled pitch propeller (CPP) at variable speed, connected to a Wärtsilä SCV95 gearbox with an integrated power pack. In addition, the vessels will each be equipped with Wärtsilä ProTouch controls and Eco Control to enable accurately synchronised engine speed and propeller pitch. This delivers outstanding engine and propulsion efficiency, while the Eco Control operating mode can
be selected for automated fuel savings while in transit. These integrated technologies will be supported via Wärtsilä’s Data Collection Unit (WDCU) with cloud based services and remote monitoring to optimise operability, fuel economy, and periodic maintenance.
“Our remote smart services provide state- of-the-art support for the ships’ integrated solution, which is another value-adding feature that we are providing for these vessels. Furthermore, the propulsion efficiency will be optimised using Wärtsilä’s computational fluid dynamics (CFD) Opti Design to tailor the size of the aft appendages specifically to the hull design. This efficiency saves fuel and, therefore, also operating costs,” says Luuk Hijlkema, Account Manager, Sales, Wärtsilä Marine.
“We appreciate Wärtsilä’s support and deep technological know-how, which have played a key role in developing these world- class vessels. We are proud to add these environmentally sustainable and fuel efficient ships to our fleet,” says Jörgen Mansnerus, VP, Marine Management at Bore Ltd.
The 120 metre long ships will be chartered to Finnish forestry company UPM, and will operate in the Baltic and North Seas. They will have Finnish/Swedish Ice Class 1A
LNGL and DeltaOE have signed a non- binding memorandum of understanding (MOU) for the delivery of 2mn tonnes per annum (mtpa) of U.S. liquefied natural gas (LNG) from Magnolia LNG (Magnolia) to Bac Lieu Project.
the
DeltaOE is negotiating a 25-year power purchase agreement (PPA) with Electricity Vietnam Group (EVN) to underpin
the Bac Lieu Project, and concurrently progressing a binding sale and purchase agreement (SPA) with LNGL for 2 mtpa
from Magnolia. The SPA will (once agreed) remain subject to LNGL making a “Financial Investment Decision” as described in LNGL’s announcement dated October 11, 2019. LNGL Executive Chairman, Managing Director, and CEO, Greg Vesey commented: “With significant end-user LNG demand, Vietnamese and Southeast Asian customers are a major priority for LNGL, and we will continue our efforts to grow our potential commercial opportunities in the region beyond the existing MOU. Delta Offshore Energy is leading by example becoming the first registered energy infrastructure project in Vietnam to be fully supported through foreign direct investment, mainly from the United States. We remain very pleased to be part of this momentous undertaking.”
LIQUEFIED NATURAL GAS LTD, January 23, 2020
AUSTRALASIA
Santos sets production record in 2019
Australian independent Santos increased its production of crude oil and natural gas by 28% year on year in 2019 to a record 75.5mn barrels of oil equivalent (206,800 barrels of oil equivalent per day).
Annual production rose despite October- December’s output slipping 5% quarter on quarter to 18.7mn boe (203,300 boepd), the developer said in its fourth-quarter activities report published on January 22. It attributed the slide to domestic gas customer outages in Western Australia.
The company pointed to higher sales from the GLNG liquefied natural gas (LNG) terminal on Queensland’s Curtis Island. Santos, which operates the plant with a 30%
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Week 04 30•January•2020