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Now, with less immediate need for both projects, To meet that window, Papua LNG’s owners
it increasingly looks as though only one may go would have to reach a final investment decision
ahead in the nearer term. (FID) in 2023, he said.
Indeed, Oil Search said this week that its LNG ExxonMobil, meanwhile, has said that talks
plans for PNG would now focus on the Papua with the government on the development of
project, which it could see going ahead on its P’nyang are ongoing. But Wulff noted that
own. PNG LNG has been producing at 26% above
“There is significant interest from all parties its nameplate capacity, and would soon need
to simplify LNG expansion in PNG and focus on new sources of gas. This raises the possibility of
Papua LNG’s two trains,” Oil Search’s CEO, Kei- developing P’nyang to supply the existing two
ran Wulff, told investors. “Comments by Total, trains at PNG LNG, rather than to underpin a
the PNG government and the PNG opposition third unit.
are increasingly supportive of advancing the All of this comes as Marape faces a threat to
Papua LNG project,” he added. his leadership, with several members of his gov-
Wulff went on to say that his company saw ernment switching to the opposition last week.
potential for LNG demand to increase strongly This is not an uncommon occurrence in the
from 2027 as major coal users such as Japan and country’s Parliament, but adds to uncertainty for
South Korea seek to lower their greenhouse gas project developers with regard to PNG’s political
(GHG) emissions. situation.™

NEWS IN BRIEF

AMERICAS paradigm shifting low cost floating LNG cleaner burning LNG represents one of the
infrastructure that works, and B&V, as a easiest and most cost-effective near-term steps
Golar and Black & Veatch leading provider of LNG technology also to decarbonise the world’s energy mix. Golar
bring a deep expertise in green technologies.
and Hygo Energy Transition are extremely
announce collaboration Within 2020, Golar and B&V intend to jointly well positioned to drive this with their low-
cost quick delivery infrastructure solutions
publish a thought leadership paper on our
in floating ammonia first area of interest for collaboration, floating and emerging use of BIO LNG. The next step
ammonia production with carbon capture
is to plan for a net zero carbon energy mix.
production, carbon capture, and storage. In subsequent months, Golar and As a company with an established history
of championing and delivering disruptive
B&V intend to continue to jointly publish our
green LNG and other thoughts as we focus in on the technical and solutions to problems in its industry, and a
commercial viability of the most prospective
serious and continuous commitment to its
emerging technologies floating applications of the green and blue ESG agenda, Golar looks forward to working
technologies and areas of interest that we
with a likeminded and equally capable
Golar LNG announces today that it has agreed intend to investigate together. partner, in the field of floating ammonia and
with Black & Veatch Corporation (B&V) Any project development and hydrogen production, carbon capture, and
to expand on their long-standing FLNG implementation that follows the initial other decarbonisation initiatives.”
relationship and enter into a collaboration research and investigation stages above will be “This collaboration builds on years of
agreement in the field of floating ammonia subject to a separate commercial agreement delivering commercial and technology
production, carbon capture, green LNG and between the two companies. innovation with Golar, a visionary in
hydrogen. Golar brings to the relationship its Golar CEO Iain Ross commented: monetising natural gas reserves,” said Hoe Wai
deep experience of delivering and operating “replacement of coal, fuel oil and diesel with Cheong president of Black & Veatch’s oil and
gas business. “Given hydrogen and ammonia’s
use in many energy-intensive industries we
can make meaningful progress in lowering
the carbon footprint and help these industries
meet new sustainability commitments.”
GOLAR LNG, November 19, 2020
NV5 awarded $8mn LNG
upgrade contract by

Northeast utility

NV5 Global, a provider of compliance,
technology, and engineering consulting
solutions, announced today that it has been
selected to provide $8mn in engineering,

P18 www. NEWSBASE .com Week 46 20•November•2020