Page 18 - GLNG Week 33

GLNG NEWS IN BRIEF GLNG

ASIA and stable LNG transportation from the privatization opportunities to help address
Yamal LNG plant. its critical energy security needs since 2015.
LNG carrier named LNG MITSUI OSK LINES, August 20, 2020 Phase I of the MKG project is targeting Final
Investment Decision (FID) in late 2021 and
PHECDA for Yamal LNG Energy Capital Vietnam Commercial Operational Delivery (COD)
by 2025, and will consume approximately 1.5
project – the third LNG (ECV) LNG project million tons per year (mtpa) with an ability to
increase to 7 mpta over time.
carrier out of four built in expected to be added to Vietnamese government has positioned ECV
“Our multi-year relationship with the
China for the project Vietnam National Power to pioneer private sector development of the
LNG market in Vietnam,” said David Lewis,
Mitsui OSK Lines (MOL; president & CEO: Development Plan per ECV Chairman and CEO. “The World Bank
Junichiro Ikeda) today announced that on projects Vietnam to require up to 90,000
August 19, a naming ceremony for a LNG directive of Prime Minister megawatts of new power generation over the
carrier, jointly ordered by MOL and China next decade, and we look forward to working
COSCO Shipping Corporation Limited, was Prime Minister Nguyen Xuan Phuc has with our talented American, European and
held at Hudong-Zhonghua Shipbuilding assigned Vietnam’s Ministry of Industry and Asian partners to address those needs in the
(Group). Trade a directive to propose a liquified natural years to come.”
The vessel was named “LNG PHECDA” gas (LNG) power project being developed by ENERGY CAPITAL VIETNAM, August 19, 2020
after a star in the constellation Ursa a consortium led by Energy Capital Vietnam
Major. LNG PHECDA is the third of four (ECV) for inclusion into the National Power
newbuilding conventional LNG Carriers for Development Plan of Vietnam. AUSTRAL ASIA
the Yamal LNG Project announced at the end According to an official announcement
of June, 2017, and the sister vessel of the “LNG from the Government Office of Vietnam NWS project participants
DUBHE” and “ LNG MERAK” which were dated August 13, 2020 (No. 293/TB-VPCP),
delivered in November, 2019 and January, the Prime Minister issued a directive to add agree key principles for gas
2020 respectively at the same shipyard. ECV’s Mui Ke Ga LNG project (MKG) to the
MOL has been operating 13 LNG carriers National Power Development Plan period processing
built in China for other projects, and LNG 2021-2030 during a meeting with Binh Thuan
PHECDA will become the 14th LNG carrier provincial leaders on July 23, 2020. The The North West Shelf (NWS) Project
built in China to join our fleet. Despite the Ministry of Industry and Trade (MOIT) is participants have agreed non-binding key
COVID-19 pandemic occurring during charged with submitting the updated plan to principles for processing third-party gas
the construction of LNG PHECDA, she is the Prime Minister in October 2020. through the NWS Project facilities with
expected to be delivered from the shipyard in ECV’s LNG project will provide for the Woodside, in respect of gas from the Pluto
a timely manner as originally planned, thanks development of a multi-phase gas-fired power fields, and with Mitsui E&P Australia and
largely to the help and cooperation of Hudong complex and floating storage regasification Beach Energy, in respect of the Waitsia Gas
and the safety measures which have been unit (FSRU) terminal near Mui Ke Ga in Binh Project Stage 2.
taken to mitigate the dangers of the pandemic. Thuan Province, Vietnam. These agreements advance the NWS
By leveraging our close working ECV, a leading Vietnam-focused project Project’s plans to toll third-party gas at the
relationship with Hudong, MOL continues development and asset management company Karratha Gas Plant (KGP) as anticipated
the construction of the fourth LNG carrier, established to serve as a platform for private processing capacity becomes available this
the last one in the series, will be completed investment into Vietnam, has been in decade.
on schedule. With these carriers, MOL will discussions with the Vietnamese government Gas produced from the offshore Pluto
continue to work assiduously to provide safe regarding energy sector investment and fields is planned to be transported to the NWS
Project facilities through the proposed Pluto-
KGP Interconnector, which is targeting ready
for start-up (RFSU) in 2022.
The agreement with Mitsui E&P Australia
and Beach Energy contemplates the tolling of
gas related to the onshore Waitsia Gas Project
Stage 2 from 2023.
The NWS Project participants will work
with each proponent during the second half
of 2020 to agree fully termed binding gas
processing and other agreements to support
the respective projects.
Woodside CEO Peter Coleman said the
agreements were another significant step in
enabling the processing of other resource
owners’ gas at KGP, unlocking further value
from this world-class facility.

P18 www. NEWSBASE .com Week 33 21•August•2020