Page 10 - DMEA Week 35 2022

DMEA TERMINALS & SHIPPING DMEA

ZIM described the LNG bunkering deal as a step planned and of the highest quality. Our growing
toward reducing its carbon footprint, noting LNG-powered fleet will enable ZIM to be more
that LNG emitted 20% less carbon dioxide than carbon- and cost-efficient while improving our
conventional marine fuels, as well as less carbon competitive position, particularly on the strate-
dioxide than any other fuel currently available gic Asia-to-USEC trade, and allowing custom-
on a large scale. ers to reduce their carbon footprint,” he said.
It also pointed out that LNG emitted very lit- For his part, Steve Hill, executive vice pres-
tle in the way of sulphur oxides and particulate ident for energy marketing at Shell, noted that
matter, and significantly less nitrogen oxides ZIM was marking a milestone. “We would like
than other conventional fuels. to congratulate ZIM for introducing the world’s
Eli Glickman, the president and CEO of ZIM, first LNG-fuelled Very Large Container Ship
hailed the emissions-reducing aspect of the bun- (VLCS) fleet to operate on the Asia-North
kering deal. “With the addition of significant America shipping route,” he remarked. “We
LNG-powered capacity to our fleet beginning are delighted to collaborate with them on their
in 2023, we have positioned ZIM as a leader in impressive efforts to reduce emissions in their
carbon intensity reduction among global liners. maritime supply chain. Decarbonisation of the
We are pleased to execute this long-term supply shipping industry must begin today, and LNG is
agreement with Shell to secure LNG at competi- a lower-emission fuel choice currently available
tive terms and look forward to partnering with a in meaningful volumes, and via liquefied biom-
global industry leader such as Shell as we take an ethane and liquefied e-methane, offers a credible
important step to ensure our fuel sourcing is well pathway to net-zero GHG emissions.” ™

Schedule for Mozambique’s first LNG

cargo revised as tanker changes course

AFRICA ENI (Italy) appears to have made some altera- ExxonMobil (US) and China National Petro-
tions to its schedule for loading the first cargo of leum Corp. (CNPC); Galp (Portugal); KOGAS
LNG for export from Mozambique, as a tanker (South Korea) and ENH, the national oil com-
that was due to rendezvous with the Coral pany (NOC) of Mozambique.
Sul floating LNG (FLNG) vessel has changed The partners are using the Coral Sul FLNG
course. to liquefy gas from their licence area. This vessel
The tanker, a 173,644-cubic metre LNG car- has a single production train and is currently
rier owned by BP (UK) and known as the British anchored in 2,000-metre-deep water. It has a
Mentor, had been due to arrive at the Coral gas production capacity of 3.4mn tonnes per year
field on August 24, and as reported last week, (tpy) and will be used to process 450bn cubic
it was approaching the appointed site as of that metres of gas from the Coral reservoir within
date. However, Bloomberg said on August 29, Area 4. It is the first floating gas liquefaction
citing its own compiled ship-tracking data, that plant ever to be deployed at a deepwater field off
the ship had not made the rendezvous with the the coast of Africa.
Coral Sul FLNG. Instead, the news agency said, Strong European demand has already led
it had spent a few days idling in Mozambican Eni to expand the scope of the Coral South LNG
waters and then changed course, sailing in the project. The Italian major said recently that it
direction of Qalhat, a port in Oman that hosts was planning to add a second FLNG facility so
an LNG terminal. that it could expand production within less than
As of press time, neither BP nor Eni had four years. ™
commented on the matter.
BP has signed an agreement making it the
sole off-taker of LNG from the Coral Sul FLNG
vessel. Eni is the operator of the Coral South
LNG consortium, which has a licence for a
section of a block known as Area 4 offshore
Mozambique.
The Italian major discovered the Coral field
at Area 4 in 2012 and made an FID in favour
of going forward with the $10bn Coral South
LNG project in 2017. The other shareholders
in the project are Mozambique Rovuma Ven-
ture (MRV), a joint venture owned by Eni, The Coral Sul FLNG is still waiting to load its first export cargo (Photo: Eni)

P10 www. NEWSBASE .com Week 35 01•September•2022