Page 11 - GLNG Week 29

GLNG
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two times oversubscribed, prior to retail syndication. e proceeds of the construction nancing, along with the equity investment from Stonepeak Infrastructure Partners, will fund the construction and commissioning of the Calcasieu Pass facility and the associated TransCameron pipeline.
e lender group includes the world’s leading Asian, European and North American project nance banks.
e bank group is Banco Santander, S.A, Bank of America, N.A., Goldman Sachs
Bank USA, Industrial & Commercial Bank of China Limited, ING Capital LLC, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Natixis, Nomura Securities International, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, and e Bank of Nova Scotia.
Venture Global LNG Co-CEOs Mike
Sabel and Bob Pender jointly stated, “ e incredible market response to our Calcasieu Pass debt facility is the culmination of many years of work by our team. We are incredibly proud that the world’s leading project nance institutions have responded with such a validation of the quality of our structure
and partners with outstanding terms and a signi cant oversubscription. e company has now secured more than $8.6 billion of capital and is continuing full construction and fabrication activity at Calcasieu Pass.”
e 10 MTPA Venture Global Calcasieu Pass facility will employ a comprehensive process solution from Baker Hughes, a GE company (BHGE) that utilizes highly e cient mid-scale, modular, factory-fabricated liquefaction trains. Kiewit is designing, engineering, constructing, commissioning, testing and guaranteeing the facility. Calcasieu Pass has received all necessary permits, including FERC authorization and Non-
FTA export authorization from the U.S. Department of Energy. Venture Global LNG is also developing the 20 MTPA Plaquemines LNG project and the 20 MTPA Delta
LNG project, both in Plaquemines Parish, Louisiana.
vEntuRE global, july 18, 2019
asia
MOL names ice-breaking LNG carrier
Mitsui O.S.K. Lines (MOL) today announced that on July 18, a naming ceremony for an ice- breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was
held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).
As a crowd of VIPs, including personnel from Novatek, the main shareholder of
the Yamal LNG project, looked on, the newbuilding vessel was named the “Nikolay Urvantsev”. e name “Nikolay Urvantsev” was chosen in honor of the famous Russian Arctic explorer and geologist. e “Nikolay Urvantsev” is the sister vessel of the “Vladimir Rusanov” and “Vladimir Vize”, which started transport service in 2018 under a long-term charter contract to transport LNG for the YAMAL LNG Project. e Nikolay Urvantsev is also scheduled to go into service for the Yamal LNG project following its delivery in July in DSME and an ice-breaking navigation without ice-breaker support through the Northern Sea Route towards the Yamal LNG plant at Sabetta Port in Russia.
MOL made an o cial decision to participate in the Yamal LNG Project in July 2014, and the construction of the vessels commenced in May 2016. To manage plan approvals on the design and construction
of the vessels, MOL has worked closely with DSME, Yamal LNG Project personnel, and other operators of the ice-breaking LNG carriers in the project, as well as consultants. e vessel not only has a high icebreaking capability of up to 2.1m, but also has a double- acting ice-breaking system to enable the
vessel to navigate astern. With the addition
of extreme cold speci cations designed to withstand temperatures of -52°C, this vessel
is truly state-of-the-art and re ects MOL’s proactive attitude to new technical challenges.
In addition to the Ice-Breaking LNG carriers, construction of the four conventional
LNG Carriers, destined for the Yamal LNG Project announced in June 2017, has been progressed as planned.
mol, july 19, 2019
austRalasia
EPIK engages Wood Mac
EPIK Co. Ltd. (EPIK), developer of the Newcastle GasDock LNG terminal in New South Wales, Australia, announced today
that it has engaged industry-leading energy consulting experts, Wood Mackenzie, to conduct a comprehensive analysis of the southeast Australian gas market in parallel with EPIK’s commercial e orts seeking terminal capacity subscribers. EPIK will make a summary of the Wood Mackenzie market analysis available to quali ed 3rd parties that sign a non-disclosure agreement and submit an expression of interest in taking capacity at the proposed Newcastle GasDock terminal.
EPIK’s Newcastle GasDock terminal
is being developed to deliver the most competitive infrastructure solution for natural gas imports into NSW and will be located
at the Port of Newcastle, an industrial hub home to the State’s largest gas and power users and a gateway to the broader New South Wales and southeast Australian gas markets. e report will provide detailed insight into the competitiveness of LNG imports into southeast Australia, LNG pricing trends, and demand forecasting.
“Year on year, global LNG trade volume is increasing at a healthy pace and as LNG portfolio and commodity traders review opportunities to sign up for more long-term LNG positions, there is heightened demand for opportunities like the one created by
our Newcastle GasDock project which can provide these companies access to markets that will ultimately support their current and future LNG positions,” said Jee Yoon, EPIK Managing Director.
e Newcastle GasDock project is distinguished from competing LNG
import projects in Australia by providing LNG storage and regasi cation services to Australian and international players looking to bring competitively sourced LNG into Australia’s southeast gas market through its proposed terminal.
“We believe our business model is
best suited to provide both the most cost- competitive and the most attractive solution overall for both potential commercial counterparts looking to gain access into
the southeast Australian market, as well
as Australian industrial, commercial and
Week 29 25•July•2019
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