Page 12 - GLNG Week 35

GLNG
NEWS IN BRIEF
GLNG
Cheniere takes delivery of
Bechtel-built Corpus Christi
Train 2
Cheniere Energy and Bechtel have announced the substantial completion of Train 2 at the Corpus Christi Liquefaction (CCL) project.
Cheniere is now operating seven Bechtel- built LNG trains at higher capacity than the nameplate rating on the U.S. Gulf Coast to deliver energy to their customers around the world.
“ ese projects are improving access to energy for communities around the world and we are extremely proud to be able to support our customer’s operational and performance success on these projects,” said Darren Mort, Bechtel’s LNG General Manager.
Since the rst Notice to Proceed was announced in August 2012, Bechtel has completed a total of seven LNG trains for Cheniere in seven years at the Sabine Pass and Corpus Christi liquefaction projects on the U.S Gulf Coast.
Bechtel-delivered facilities account for roughly one-third of the global LNG capacity, supplying about 66 million tonnes of LNG each year, or enough energy to power more than 85 million homes.
CHENIERE ENERGY AND BECHTEL, September 4, 2019
ASIA
Japan imports first LNG cargo from China
Japan imported its rst LNG cargo from China last week in a move that illustrates the increasing exibility of the Asian LNG
market. Japan is the world’s biggest buyer of LNG and the country’s utilities are seeking new sources of supply at a lower cost.
Sources familiar with the matter told Reuters that a 70,560-tonne cargo of LNG
was shipped from the Hainan LNG terminal, which is operated by state-owned China National O shore Oil Corp. (CNOOC), to Chita near Nagoya, where Toho Gas and JERA jointly operate an import terminal. Ministry of Finance data shows that the cargo’s price was $5.68 per million British thermal units, below Japan’s average import cost of $9.50
per mmBtu for LNG purchased in July.
is comes as prices for spot LNG in Asia LNG-AS have fallen to near record lows in recent weeks, helped by a wave of new supply coming online in the US and Australia.
According to Japan’s o cial trade statistics show this is the rst LNG cargo shipped from China since 1988, when the Japanese government began publishing import and export data.
China is a growing LNG importer itself
– and is indeed poised to overtake Japan as the world’s largest buyer of the fuel in the coming years. But it has started re-exporting shipments as domestic gas consumption fell over the summer.
EUROPE
Novatek signed MoU with H-Energy
Today, during the Eastern Economic Forum in Vladivostok, Novatek and H-Energy Global, India, signed a memorandum of understanding (MoU).
e MoU envisages co-operation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of Novatek, as
well as establishing a joint venture to market LNG and natural gas from Novatek’s portfolio to end-customers in India, Bangladesh and other markets.
“India is one of the largest and fastest growing LNG markets, and will be one of
the main sources of future growth in global demand for natural gas,” noted Novatek’s Chairman of the Management Board
Leonid Mikhelson. “ e Memorandum of Understanding is an important step towards entering the end customer market in India, which is of great interest to Novatek taking into account our strategic plans to implement new LNG projects and signi cantly increase our LNG production volumes.”
NOVATEK, September 04, 2019
Novatek signs memorandum of understanding with Petronet LNG
Today, during a meeting between Russian President Vladimir Putin and Indian
Prime Minister Narendra Modi held at the Eastern Economic Forum in Vladivostok, Novatek and Petronet LNG, India, signed a memorandum of understanding (the MoU) on future natural gas co-operation.
e MoU envisages delivering LNG supplies from Novatek’s portfolio to the Indian market, including natural gas supplies for power generation, as well as investment
by Petronet LNG in Novatek’s future LNG projects and the joint marketing of LNG as motor fuel in India, including joint investment in developing a network of lling stations and a eet of LNG-fuelled trucks.
“India’s rapid economic growth requires increasing demand for all sources of energy and, primarily, for natural gas as the most environmentally friendly type of fuel. Moreover, the conversion of modal transport to LNG enables India to signi cantly reduce carbon emissions, thereby contributing to India’s commitment toward reducing its impact on climate change,” noted Leonid Mikhelson, NOVATEK’s Chairman of
the Management Board. “Our low-cost production from future Arctic LNG projects ensures competitively priced LNG supplies
to most regions of the world, and we are con dent that our mutually bene cially co- operation with Petronet LNG will promote the supply of a ordable clean burning natural gas to the Indian market.”
NOVATEK, September 04, 2019
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Week 35 05•September•2019