Page 12 - GLNG Week 29

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residential users who would bene t from additional long-term, competitive gas supply coming into the State,” Yoon added.
EPIK anticipates deploying a 170,000m3 class Floating Storage and Regasi cation Unit (FSRU) capable of supplying more than 80% of NSW’s current gas demand, with the potential to increase throughput as demand requires. Existing domestic gas supply and pipeline constraints resulting in high gas prices compound the need for the Newcastle GasDock terminal in NSW, which currently imports approximately 95% of its current gas consumption from other States.
EPiK, july 24, 2019
LNGL board approves re- domicile and listing in US
e Board of Directors of Lique ed Natural Gas Ltd (LNGL) announces its decision to re-domicile the company to the US. LNGL will proceed to list on the NASDAQ Stock Exchange (NASDAQ) following regulatory and judicial approvals and an a rmative shareholder vote.
“A er continued evaluation by the
Board and management team and given the Company’s con dence in raising new capital to fund our business and marketing e orts, we believe a U.S. re-domiciling is in the Company’s best interest. is listing change is expected to bene t LNGL and its shareholders by properly positioning and valuing the Company for future success,” said Paul J. Cavicchi, Chairman. Timing of the proposed re-domicile transaction, including shareholder vote at a Scheme Meeting, will depend upon the length of regulatory processes in the U.S. and Australia and on availability of Court
dates in Australia.
e Company will continue to update
shareholders as re-domicile milestones
are completed. “LNGL is committed to transparency and regular communication during the re-domicile process. is will ensure that all shareholders, retail and institutional, Australian, U.S. and elsewhere, are able to make fully informed decisions,” added Greg Vesey, LNGL’s Managing Director and Chief Executive O cer. “At this stage we anticipate that a re-domicile transaction could be completed in late 2019 or early 2020. “
lng ltD, july 22, 2019
EuRoPE
TechnipFMC awarded Arctic LNG 2 work
TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.
is development will consist of three LNG trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity- based structure platforms. TechnipFMC will execute this project under a lump sum and reimbursable basis. It will cover the EPC of the three LNG trains and associated topsides, which will be manufactured on a modular basis in Asian and Russian yards.
Nello Uccelletti, President Onshore/ O shore at TechnipFMC, commented: “We are extremely honoured to be entrusted with this new contract by Novatek and its partners. We are leveraging our successful track record
on the Yamal LNG project and notably the modular fabrication scheme. is project recognizes the experience and expertise of our teams as well as their capacity to deliver the most ambitious and innovative projects. It also con rms the leadership of TechnipFMC both in the LNG market and in the transition journey of the global energy industry.” tECHniPfmC, july 23, 2019
Riga starts LNG port services
By o cially welcoming the new container ship Containerships Polar, the Port of Riga
has started regular port services to LNG- powered container vessels. It is planned that the rst two 100% LNG-powered vessels Containerships Polar and Containerships Nord owned by the CMA CGM group container line will arrive at the Port of Riga three times per week, and it is expected that
a third LNG vessel will join them in the autumn. us, the Port of Riga has made a large step towards its goal of becoming a green port and reducing the environmental impact of its operations. As the new LNG vessels are one of the largest container ships that make regular stops at the Port of Riga, it is expected that the volume of container cargo will also increase.
Use of LNG for shipping purposes is
the latest and greenest technology, and has become increasingly popular in the world. It contributes to the reduction of global carbon emissions and alleviates air pollution. Burning of natural gas does not result in the emission of any harmful particles like smoke or soot, which is the worst type of air pollution. It
also does not result in harmful sulphur oxide emissions, as unlike other fuels, natural gas contains only negligible amounts of sulphur oxide, which is the main component of smog.
“Some European markets shipments
of Containerships customers are already delivered by LNG powered vehicles. Together with the rst LNG-powered container
vessels, they will form a complete cycle of green logistics. In the nearest future, we
also plan to introduce an LNG car eet in Latvia, reducing the environmental impact and shi ing towards 100% green logistics,” underlines Kristaps Jakovlevs, the manager
of Containerships in Latvia and Estonia. “Moreover, the new LNG vessels that arrive at the Port of Riga have a larger tonnage allowing us to o er better services to our customers and allowing Latvian exporters to better plan their supply chains and cargo volumes to the UK, Benelux countries, Ireland, Italy, Spain and Portugal.”
PoRt of Riga, july 16, 2019
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Week 29 25•July•2019