Page 18 - GLNG Week 19

GLNG
NEWS IN BRIEF
GLNG
company Civmec for the Pluto-Karratha Gas Plant (KGP) Interconnector project. Civmec will carry out the fabrication of structural steel, piping, a module and skids located within the Pluto LNG Plant which will be used to support the Interconnector project.
The Interconnector will transport gas from Woodside’s Pluto LNG facility to the North West Shelf Project’s KGP via a 5km pipeline, constructed along the existing Dampier to Bunbury Natural Gas Pipeline corridor.
The Interconnector has the potential to create opportunities to take advantage of future excess capacity at KGP. It will also provide the potential to accelerate future developments of Pluto gas reserves, as well as third-party resources.
In November 2019, Woodside announced a final investment decision on the pipeline component of the Interconnector and entered into contractual arrangements with DDG Operations Pty Ltd, part of the Australian Gas Infrastructure Group, for the construction of the pipeline and its ongoing operation and maintenance. Construction and operation of the pipeline is subject to regulatory approvals by the State of Western Australia and finalization of the commercial arrangements with the Pluto and North West Shelf JV participants.
Based in Henderson WA, Civmec have
a long history of working with Woodside including supply and fabrication contracts for the Pluto LNG and Greater Western Flank Phase 2 projects.
The award of the contract is a significant step forward for the Interconnector and demonstrates Woodside’s commitment to investing in WA capability and supporting local jobs. It is expected construction of the piping and modules will support around 40 local jobs and run for approximately seven months, commencing in 2020.
Start-up of the Interconnector is targeted for 2022.
WOODSIDE, May 11, 2020
Ministerial announcement – push to create international LNG fuelling hub in the Pilbara
The State Government is leading a push to establish an LNG fuelling hub for bulk vessels in the Pilbara, potentially creating more than 100 local jobs and supporting global efforts to reduce carbon emissions.
International Maritime Organisation regulations require trading vessels to reduce their greenhouse gas emissions, and the international shipping industry is turning to LNG as a transition fuel as it works towards clean hydrogen and other carbon-free fuels.
Building on the Pilbara’s strength as a global LNG production hub, the McGowan Government will offer a 50% discount in port dues to bulk vessels bunkering with LNG
at Pilbara ports - saving each vessel around $20,000.
The discount comes into effect on July 1, 2020 and will remain in place for five years. If taken up, the discounts could be worth up to $5.3mn by 2025.
The Pilbara LNG Bunkering Hub could create up to 125 jobs in the Pilbara, including skilled mariners and support administration. Transitioning iron ore exports shipped from the Pilbara from heavy fuel oil vessels to LNG fuelled vessels could reduce carbon emissions by up to 6mn tonnes per annum.
To help kick-start the shift to LNG fuelling in the Pilbara, the Pilbara Ports Authority has executed Australia’s first ship-to-ship LNG bunkering services licenses to Woodside Energy at Port Hedland and Dampier.
The McGowan Government is also driving opportunities in green hydrogen in the Pilbara through the WA Renewable Hydrogen Strategy, creating future opportunities for carbon-free fuel in the region.
PILBARA PORTS AUTHORITY, May 12, 2020
EUROPE
Baltic Exchange launches new ship operating expenses assessment for LNG and LPG tankers
The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools.
Data will be provided by leading independent third-party ship management companies Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group.
The Baltic Exchange’s latest offering follows benchmarking that also covers vessel earnings.
Baltic Exchange chief executive Mark Jackson said: “Adding OPEX indices for
gas carriers brings transparency to the marketplace about how much it costs to run an LNG or LPG carrier and complements our data for the spot earnings of these vessels. They assist investors assess health of earnings using independent and reliable information from a credible provider of benchmarks for the shipping industry”
BALTIC EXCHANGE, May 13, 2020
Maintenance works scheduled at Yamal LNG
Yamal LNG announced the scheduled maintenance of the second and third LNG trains with consecutive shutdowns for 12
days each from May 21 to June 15 2020. In addition to regular maintenance works, Yamal LNG plan to modernize the absorbers at the mercury removal units, as well as implement a number of upgrades aimed at improving
the efficiency of the LNG trains. The regular maintenance is carried out in accordance with the approved annual schedule and will not affect the planned LNG production volume for the year.
Due to the successful implementation of
a Risk Based Inspection (RBI) maintenance system at Yamal LNG, the scheduled maintenance of the first liquefaction train
is postponed by one year from August 2020 to 2021. The RBI methodology allows to maintain reliable operations of the LNG plant while reducing the total number of service hours.
YAMAL LNG, May 13, 2020
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Week 19 15•May•2020