Page 14 - AfrOil Week 22 2022

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PIPELINES & TRANSPORT VCM Carrier to be constructed is a high-end Act and as well establishes our confidence in
specification vessel that has been designed by local capacity to deliver international acceptable
NCDMB lauds deal between NSML in accordance with bespoke require- standards.”
ments using HMD’s highly efficient eco-design.
He mentioned: “Having taken delivery of
Temile and Hyundai to build The new LPG carrier is expected for delivery on our first LPG carrier vessel, which is currently
July 26, 2023, at HMD in Ulsan, Korea.
chartered to Nigeria LNG Ltd for domestic LPG
new LPG vessel event and subsequent construction and super- new carrier in July 2023 to make an addition to
Wabote indicated that the agreement signing supply, we look forward to taking delivery of this
The Nigerian Content Development and Mon- vision of the contract align with the Board’s the global gas supply industry.”
itoring Board (NCDMB) on Wednesday con- strategic plan of maximising the potentials in He said: “Working with HMD again makes
gratulated an indigenous shipping company, the Midstream and Downstream Sectors of the us feel in very safe hands, as we are confident
Temile Development Company on the con- Nigerian oil and gas industry, especially as the oil that this eco-design/cleaner-fuel vessel shall be
tract signing agreement with Hyundai Mipo and gas industry strives to actualise the Decade constructed in line with International best prac-
Dockyard (HMD) for the construction of a new of Gas policy of the Federal Government. tices and industrial regulations thereby creating
23,000-cubic metre Liquid Petroleum Gas Car- According to him, “This project clearly sup- a space for the vessel in the international gas sup-
rier Vessel. The indigenous company also signed ports our LPG penetration initiative in Nigeria ply value chain.”
a separate agreement with NSML, an integrated and will further close the gap in LPG penetration NCDMB, May 25 2022
maritime services subsidiary of Nigeria LNG in Nigeria.”
Limited for the construction supervision of the He stated further that the project will bring
vessel. invaluable local content opportunities in tech- PERFORMANCE
The LPG carrier vessel is the second that is nology and innovation, human capital develop-
being constructed by Temile Development Co. ment and research and development. Shell-operated Idku LNG
and is a sequel to the first vessel, which was con- Speaking further, the Executive Secretary
structed in 2018 and is currently chartered to commended Hyundai for the work it was doing plant has exported 1.3mn
Nigeria LNG Limited for domestic LPG supply. at the Brass Shipyard and other investment pro-
In a video message he delivered to the agree- jects in Nigeria that will support the repair of ves- tonnes since start of 2022
ment signing ceremony held at the sidelines of sels. He also applauded Nigeria LNG (NLNG)
the 2022 World Gas Conference in Daegu, South for the strategic initiative of deploying 100% LPG Egypt has exported an estimated 1.3mn tonnes
Korea, the Executive Secretary of NCDMB, to the local market to close the gap in respect of of liquefied natural gas (LNG) so far this year
Simbi Kesiye Wabote saluted Temile Develop- LPG penetration in-country, adding the com- until the middle of May via 20 shipments from
ment Co. for its bullish initiative in investing pany has helped in reducing cost as well as cre- the Idku liquefaction plant located on the
in an area that is regarded as off-limits for local ating a cleaner source of energy for our people. Mediterranean coast, Al Sherouq newspaper
players. He described the accomplishment as Temile’s CEO Alfred Temile said: ‘‘We are reported, quoting sources from Shell, the oper-
evidence of significant growth in capacity and delighted to execute the construction of our ator of the plant.
confidence of local companies to play in the new LPG carrier with HMD, bringing onboard European markets replaced their Asian coun-
international arena and in complex areas of the NSML to supervise the construction, as an indig- terparts as the leading importers of Egyptian
oil and gas industry. enous company this demonstrates our commit- LNG this year. About 71% of Egypt’s total LNG
The new 23,000-cubic metre LPG/NH3/ ment and support to the Nigeria Local Content exports have gone to European markets since
the beginning of the year, led by Turkey, Spain
and France. High gas prices in Europe, especially
after the Russian-Ukrainian crisis, have played a
key role encouraging Egyptian LNG operators to
divert exports from previously lucrative Asian to
European markets.
Egypt’s LNG exports from its Idku and Dami-
etta trains rose from 1.5mn tonnes per year in
2020 to 6.5mn tpy in 2021. LNG exports are
projected to rise further this year to 8.5mn tpy,
according to BP’s estimates. The Idku and Dami-
etta plants have a combined annual production
capacity of 12mn tpy.
bna/IntelliNews, May 25 2022
NOC: Oil leak costs Libya

22,000 bpd in flow losses

Libya’s Arabian Gulf Oil Co. (AGOCO), an affil-
iate of state-owned National Oil Corp. (NOC),
said a pipeline linking the Sarir oilfield to the
Tobruk terminal on the Mediterranean was
damaged.

P14 www. NEWSBASE .com Week 22 01•June•2022