Page 10 - GLNG Week 10

GLNG
NEWS IN BRIEF
GLNG
AFRICA
Air Products tech picked for Mozambique LNG project
US-based LNG equipment maker, Air Products has signed an agreement to provide its proprietary LNG technology, equipment and related process license and advisory services to the Mozambique LNG project.
Air Products’ manufacturing facility in Port Manatee, Florida will manufacture two LNG heat exchangers, which will then be shipped to the project site on the Afungi Peninsula in Cabo Delgado, Mozambique.
This LNG production facility will be the first onshore LNG project in Mozambique.
Under the agreement with EPC contractor CCS JV, a joint venture involving of Saipem, McDermott and Chiyoda, Air Products will provide two of its proprietary coil wound main cryogenic heat exchangers (MCHE).
The MCHEs will operate at the site
as part of two separate LNG production trains designed to produce approximately 13mn tonnes per year of LNG in total from the Golfinho/Atum natural gas fields in Mozambique.
Typically, an LNG heat exchanger can be as large as over 15 feet in diameter and 180 feet long, or about two-thirds of the size of a football field. A finished unit can weigh as much as 500 tonnes.
AMERICAS
FERC issues final EIS for Alaska LNG project
The US Federal Energy Regulatory Commission (FERC) has found that Alaska
Gasline Development Corp.’s (AGDC) proposed Alaska LNG project would
provide economic benefits to the state
but could cause some significant adverse environmental impacts. The FERC issued a final environmental impact statement (EIS), concluding that most environmental impacts “would be reduced to less than significant levels with the implementation of proposed or recommended” measures.
However, the regulator noted that some impacts could be “adverse and significant” including to the permafrost, wetlands, forest and caribou.
The EIS is a step towards the final ruling on the project, which the FERC is due to issue in June.
“The final EIS is a milestone in the Alaska LNG permitting process – a process still
with significant hurdles,” Alaska Governor Mike Dunleavy said in a statement. “We look forward to reviewing the EIS and receiving the record of decision from FERC, at which point we will evaluate our next steps,” he said, adding that the project must be led by private enterprise.
Alaska LNG would liquefy about 3.5bn cubic feet (bcf) per day of gas at a facility
that would be built in Nikiski on the Kenai Peninsula, southwest of Anchorage. The project includes an 807-mile (1,300-km) pipeline from the North Slope, which contains extensive natural gas resources. Much of that gas is currently stranded in the region, and Alaska is looking at how to open up new markets to monetise this resource.
AGDC has signed agreements with BP and ExxonMobil to help advance the development of the project, which is which is estimated to cost about $43.4bn.
However, the high cost of the project could prove to be a deterrent to it going ahead against the backdrop of a global LNG glut and low prices for the super-chilled fuel.
Tellurian President and CEO Meg Gentle announces new executive leadership team members
Tellurian president and chief executive officer Meg Gentle today announced two new executive leadership team members.
Kian Granmayeh, formerly director of investor relations, is now Tellurian’s chief financial officer, responsible for financial strategy and liquidity, replacing Antoine Lafargue who will join the marketing group as senior vice president of LNG Marketing to advance commercialization of the Driftwood project. Before joining Tellurian in January 2019, Mr. Granmayeh worked at Apache Corporation for four years in various roles in project execution, strategic planning and investor relations. Previous to that, he was a vice president at Lazard Freres & Co.
Amos Hochstein, formerly senior
vice president of LNG Marketing, is now Tellurian’s executive vice president of LNG Marketing, leading the marketing of liquefied natural gas (LNG) and partnership interests from Driftwood LNG. Before joining Tellurian in 2017, he served as the US Special Envoy for International Energy Affairs and led the US Department of State’s Bureau of Energy Resources, where he oversaw global energy foreign policy engagement and advised the US Secretary of State and the Vice President on global energy markets.
Keith Teague as EVP and chief operating officer, Daniel Belhumeur as EVP and General Counsel, Tarek Souki as EVP and president
of Tellurian Trading UK, and John Howie as EVP of upstream and president of Tellurian Production Company, will each continue as members of the executive leadership team.
President and CEO Meg Gentle said: “We are reducing our costs and reorganising the company to make Tellurian resilient in the face of current challenges in financial and energy markets. We are redirecting resources to complete the marketing of the Driftwood LNG project, which is fully permitted
and ready to begin construction. Amos’s experience in LNG markets and expertise
in negotiations brings together key elements to complete our Driftwood partnership. With a broad background across the finance organisation, Kian will be focused on capital discipline and refinancing our existing obligations to extend our liquidity.” TELLURIAN, March 09, 2020
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Week 10 13•February•2020