Page 10 - AsianOil Week 28 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTHEAST ASIA since June 1, 2020. and MOL will establish a strategic partnership,
PTGN has a supply of around 70 BBTUD which will enable Methanex and WFS to
Normal Sumbagut Gas for the Aceh and Sumbagut areas, while for benefit from MOL’s broad shipping experience
to further strengthen its already excellent
demand it is around 60 BBTUD. In addition
Supply, Pertagas Niaga to PIM, PTGN also supplies industrial shipping operations and capabilities.
consumers in SEZ Sei Mangkei, and Kuala
The strategic partnership strengthens
Redistributes Gas to PIM Tanjung, Kab. Coal, North Sumatra. a relationship established over 30 years
between Methanex, WFS and MOL who, in
PERTAMINA, July 15, 2021
PT Pertagas Niaga (PTGN) as part of the Gas 2016 in conjunction with other key partners,
Subholding PT Perusahaan Gas Negara Tbk jointly built the first ocean-going dual-fuel
(PGN) is committed to meeting the natural EAST ASIA vessel capable of running on methanol. With
gas needs for the North Sumatra (Sumbagut) Methanex as the world-leading methanol
region which is a top priority. Especially now, Methanex, MOL agree on producer, WFS as the world’s leading
the supply from the Block A KKKS Working methanol shipper, and MOL’s vast shipping
Area is gradually returning to normal, so that strategic partnership experience, the parties intend to advance the
is good news for the fulfillment of gas needs commercialization of methanol, including
in the Sumbagut area, especially for PT Pupuk Methanex and Mitsui O.S.K. Lines (MOL) renewable methanol, as a viable marine fuel.
Iskandar Muda (PIM). are pleased to announce that the parties MOL, July 16, 2021
PIM is currently able to produce fertilizer have concluded Key Commercial Terms for
again after the supply from Medco distributed the purchase and sale of an equity position TotalEnergies, MOL near
by PT Pertagas Niaga (PTGN) rose again in in, and the establishment of a strategic
the range of 48-54 BBTUD on Friday (09/07). partnership involving, Methanex’s Waterfront launch of LNG bunker
Previously, since March 2021, supply Shipping (WFS) subsidiary. With a fleet of
for PIM had experienced a decline due to approximately 800 vessels, MOL is one of the vessel
a maintenance program for gas wells and world’s largest shipping companies. WFS is a
all their facilities. This resulted in PIM global marine transportation company and The first liquefied natural gas (LNG) bunker
temporarily unable to produce due to limited operates the world’s largest methanol ocean vessel to be based in France has marked
gas as a raw material for fertilizer. tanker fleet. another step towards her delivery and
“With a guaranteed gas supply, it is hoped MOL will acquire a 40 percent minority operational commencement, following the
that it will support PIM’s commitment interest in WFS for US$145 million. Methanex successful completion of her sea and gas trials.
to become a competitive fertilizer and will retain the remaining 60 percent majority The new vessel is TotalEnergies Marine
petrochemical company and revive the interest in WFS and continue to operate Fuels’ second collaboration with shipowner
industry in Aceh. Especially the fertilizer WFS as a key element of its global supply Mitsui O.S.K. Lines, Ltd. (MOL) and
industry, as well as pushing down production chain capabilities. There will be no change to shipbuilder, Hudong-Zhonghua Shipbuilding.
prices which will ultimately increase the Waterfront Shipping’s day-to-day operations TotalEnergies Marine Fuels and MOL signed a
domestic fertilizer industry’s daytime power,” due to this transaction, and Paul Hexter will long-term charter contract in November 2019
explained PTGN President Director, Linda remain President. The definitive agreements and construction commenced in April 2020.
Sunarti in a written press statement. are subject to formal approval by MOL’s The 18,600-m³ capacity vessel was first
PTGN is trying its best to meet gas needs Board of Directors. The closing is subject to launched from the Hudong-Zhonghua
for the industrial, electricity and fertilizer regulatory approval and is expected by the Shipbuilding in China at the end of April
sectors. PTGN appointed and assigned end of the year after all customary conditions 2021. In June, sea trials were conducted off
to manage and regulate gas distribution are met. Shanghai where the new vessel’s navigation
operations in the Northern Sumatra Region Through this transaction, Methanex, WFS and propulsion systems were successfully
tested, including speed and maneuverability
assessments at open sea. Gas trials were
completed in early July, under the attendance
of the ship management team.
Due to go into operational service in
the final quarter of 2021, the vessel will
be operated by V-Ships France, under the
French flag and will be based in the Port of
Marseille-Fos, Southern France, to serve the
Mediterranean region. Her first contracts will
be to perform LNG bunkering services to
CMA CGM’s LNG-fuelled containerships and
MSC Cruises’ upcoming LNG-powered cruise
ships that call at the French port.
Leveraging the design-and-build
experience for TotalEnergies Marine Fuels’
first chartered LNG bunker vessel – Gas
Agility – the world’s largest LNG bunker
vessel in operation, the new vessel will
incorporate enhanced equipment boosting its

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