Page 9 - GLNG Week 28 2021

GLNG AUSTRAL ASIA GLNG

TotalEnergies monetises GLNG’s

downstream infrastructure

INVESTMENT GLOBAL Infrastructure Partners (GIP) Bowen-Surat Basin.
expanded its presence in Australia’s LNG sector Commenting on the deal, TotalEnergies CFO
this week after closing a deal with French major Jean-Pierre Sbraire said: “This monetisation of
TotalEnergies that monetises the latter’s stake in infrastructure assets contributes to focusing
Gladstone LNG’s (GLNG) downstream assets. further TotalEnergies’ capital on core produc-
French major TotalEnergies said on July 13 ing assets and fully reflects TotalEnergies’ active
that its more than $750mn deal with GIP Aus- portfolio management.”
tralia would see the infrastructure investor This is not GIP’s first deal involving Aus-
receive a throughput-based tolling fee calculated tralian LNG infrastructure, with the company
on Total GLNG Australia’s (TGA) share of gas agreeing in December 2020 to pay Royal Dutch
processed through the downstream facilities. Shell AUD3.3bn ($2.47bn) for a 26.25% stake in
The tolling will remain in place for 15 years and Queensland Curtis LNG’s (QCLNG) infrastruc-
has an effective date of January 1. ture assets.
TGA, meanwhile, will retain full ownership The QCLNG Common Facilities – which
of its 27.5% interest in the GLNG downstream Shell continues to operate with a 73.75% inter-
joint venture. Downstream facilities mainly est – include storage tanks, jetties and operations
comprise the project’s 400-km gas transportation infrastructure that service the two-train, 8.5mn
system and its two-train, 7.8mn tonne per year tpy gas export project.
(tpy) liquefaction plant. The Anglo-Dutch super-major said at the
The Port of Gladstone-based plant receives time that the stake sale was consistent with its
its feedstock gas from the Fairview, Arca- strategy of divesting non-core assets as it seeks to
dia, Roma and Scotia fields in Queensland’s further “high-grade and simplify” its portfolio.™

EUROPE

Sakhalin Energy shuts LNG

plant for repairs, overhaul

PROJECTS & SAKHALIN Energy has shut down its gas pro- for transfering LNG into tankers are due to be
COMPANIES duction and LNG facilities in the Russian Far replaced, and a compressor unit at one of the
East for scheduled repairs and modernisation LNG plant’s liquefaction trains will be repaired.
work that will continue into August, the consor- Sakhalin Energy already carried out repairs in
tium reported on July 12. March at the LNG plant that lasted a month. And
Sakhalin Energy, whose shareholders include between June 1 and 21, it repaired the Piltun-As-
Gazprom, Royal Dutch Shell and Japanese com- tokhskaya B platform, resulting in a reduction in
panies Mitsui and Mitsubishi, said the work had LNG shipments. The consortium has three off-
been factored in its LNG shipping plan for the shore platforms in total that fuel the LNG plant
year. The Sakhalin LNG terminal has a 9.6mn and deliver oil to Asian markets via tanker.
tonne per year (tpy) nameplate liquefaction Russia’s other main LNG plant, the
capacity, and primarily supplies gas to the Jap- Novatek-operated 16.5mn tpy Yamal LNG facil-
anese market. ity in the Arctic, is also scheduled for annual
During the downtime, Sakhalin Energy said maintenance between August 1 and 19. At a time
its key facilities would undergo an overhaul and when gas prices are soaring amid hot weather,
modernisation. This includes the Lunskaya-A weak LNG supply and increased storage needs,
gas platform and port infrastructure in Prigor- Gazprom’s Nord Stream and Yamal-Europe
odnoye, it said. Thanks to this work, the project pipeline are also due to go offline for mainte-
should operate without interruptions in 2022. nance this month, following downtime at the
Specifically, two of the four loading arms used company’s TurkStream pipeline in June.™

Week 28 16•July•2021 www. NEWSBASE .com P9