Page 15 - GLNG Week 10 2021

GLNG NEWS IN BRIEF GLNG

AFRICA The purchase of Egyptian LNG construction agreements for the first three
consolidates Eni’s integrated development trains at NextDecade’s Rio Grande LNG
Eni closes agreement with strategy by increasing the volumes and project (EPC Agreements) resulting in no
flexibility of its portfolio, in synergy with its
impact to the overall cost of the project.
partners for restart of upstream assets. The pricing in the EPC Agreements is now
Through this agreement, the company
valid until December 31, 2021. Additionally,
Damietta liquefied natural strengthens its presence in the East NextDecade and Bechtel agreed to extend the
validity of the EPC Agreements until July 31,
Mediterranean, a key region for the supply of
gas plant in Egypt and natural gas, which is a fundamental resource 2022.
for the energy transition, of which Egypt is the
“We value our strong partnership
amicable settlement of main producer in the area. with Bechtel, the world’s leading LNG
EPC contractor,” said Matt Schatzman,
As for Union Fenosa Gas’ activities outside
Union Fenosa Gas disputes Egypt, Eni will take over the natural gas NextDecade’s Chairman and Chief Executive
marketing activities in Spain, strengthening its
Officer. “Our global LNG customers, feed gas
Eni announces today that it has closed the presence in the European gas market. suppliers, and other stakeholders can have
agreement signed last December with the The agreement comes at an important the utmost confidence in the on-time and
Arab Republic of Egypt (ARE), the Egyptian time when, thanks in part to the rapid entry on-budget delivery of our Rio Grande LNG
General Petroleum Corporation (EGPC), into production of Eni’s recent natural gas project. We are pleased to continue to progress
the Egyptian Natural Gas Holding Company discoveries, especially from the Zohr and our engineering and procurement activities
(EGAS) and the Spanish company Naturgy Nooros fields, Egypt has regained full capacity under limited notices to proceed, and we
that will restart the Damietta liquefaction to meet domestic gas demand and can allocate look forward to providing Bechtel with a full
plant in Egypt, settle Union Fenosa Gas and excess production for export through LNG notice to proceed with the development of
SEGAS’s outstanding disputes with EGAS and facilities. this world-class project immediately following
ARE, and effect a corporate restructuring of ENI, March 10, 2021 FID.”
Union Fenosa Gas, whose assets have been NextDecade anticipates achieving a final
divided between Eni and Naturgy, as well as of investment decision on a minimum of two
SEGAS which will now be owned 50 percent AMERICAS trains at Rio Grande LNG in 2021.
by Eni, 40 percent by EGAS and 10 percent by NEXTDECADE, March 08, 2021
EGPC. NextDecade and Bechtel
The liquefaction plant, owned by SEGAS,
with a capacity of 7.56bn cubic metres per complete pricing refresh on ASIA
year, which has been idle since November
2012, has resumed production. The first EPC agreements Delivery of next-generation
LNG cargo was carried out on February 22,
followed by a second cargo on March 4, while NextDecade and Bechtel Oil, Gas, and environmentally friendly
a third, which is being loaded at the facility, Chemicals have completed a pricing refresh
will be sold directly by Eni to its customers in on the fully wrapped lump-sum turnkey car carrier fuelled by LNG
Europe. (LSTK) engineering, procurement, and
“CENTURY HIGHWAY GREEN”

On March 12, the “CENTURY

HIGHWAY GREEN”, a car

carrier fuelled by LNG
(liquefied natural gas)

that had been under

construction at Tadotsu

Shipyard, part of the
Imabari Shipbuilding Group,

has been delivered to “K”

LINE

She is a next-generation environmentally
friendly vessel expected to reduce emissions

Week 10 12•March•2021 www. NEWSBASE .com P15