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The terminal will be capable of handling about Nimofast believes LNG bunkering is a
600,000 tonnes per year (tpy) of LNG, equiva- “growth market to meet environmental and
lent to 2mn cubic metres per day of natural gas. economic objectives by using LNG as a fuel in
Nimofast has already finalised off-take agree- shipping,” he added.
ments with two Brazilian clients – GNLink Dis- For his part, Kanfer’s CEO Stig Hagen
tribuidora de Gás Natural SA, a firm controlled expressed satisfaction with the agreement. “We
by the asset manager Lorinvest, and Migratio are very much looking forward to cooperating
Gas, an energy trader. Ramon Reis, Nimofast’s with Nimofast by using our patented technolo-
president, said in early November that these gies to improve both the availability and acces-
two companies had agreed to take delivery of sibility of LNG for the customers in Brazil, as
sufficient volumes to justify a final investment well as being cost-efficient,” he said. “Kanfer’s
decision (FID) on the project. innovative small-scale solutions for sea trans-
Reis said last week that the strategic partner- port, storage and bunkering create a virtual
ship agreement with Kanfer would allow Nimo- LNG pipeline, solving a critical gas in the LNG
fast to establish a fully integrated solution for supply chain.” ™
LNG sales and supplies at its new terminal. The
LNG vessels and bunkering ships supplied by
the Norwegian partner will be able to take fuel
from the FSU terminal to customers for delivery,
he explained. This, in turn, will put Nimofast in a
position to serve the growing market for small-
and medium-scale LNG purchases, he said.
“We noticed that many clients in Brazil either
require relatively small volumes of LNG or do
not have suitable port infrastructure to build or
to justify their own LNG import terminal,” he
commented. “Via the partnership with Kanfer
Shipping, we are able to offer and deliver LNG
to any customer along the Brazilian coastline
regardless of the requested volumes or port draft
limitations.” Nimofast will set up an LNG terminal on the basis of an FSU (Image: Kanfer Shipping)

ARGENTINA
Massa says Argentina’s government

is drawing up new LNG export bill

ARGENTINA’S Economy Minister Sergio attract many billions of dollars’ worth of invest-
Massa said on November 24 that the govern- ment into gas production, transport and export
ment of President Alberto Fernandez was draw- facilities, especially in light of the growing
ing up new legislation with the aim of fostering demand for new supply sources of gas in Europe
the establishment of natural gas export infra- and other markets. He did not reveal any details
structure and terminals. of the government’s plan, though.
Speaking to a group of business leaders in Argentina’s hydrocarbon potential has
Buenos Aires, Massa stated that the draft bill drawn no small amount of attention from inter-
would focus on LNG exports. Fernandez and national oil companies (IOCs), as well as from
his team will send the legislation to the National the national oil company (NOC) YPF. Potential
Congress within the next few months, he said. investors have been particularly keen on Vaca
The economy minister did not say whether Muerta, one of the world’s largest unconven-
the president had set any specific deadlines for tional hydrocarbon basins, which contains
this initiative. He did report, though, that Fer- around 308 trillion cubic feet (8.722 trillion
nandez intended to enact a series of decrees to cubic metres) of shale gas and 16bn barrels of
complement the draft legislation. Additionally, shale oil, according to the US Energy Informa-
Reuters quoted him as saying that he hoped leg- tion Administration (EIA).
islators would discuss the LNG bill during their However, the country will not have enough
upcoming extended or extraordinary sessions. midstream capacity to move large volumes of
Massa indicated that Buenos Aires was opti- gas from the Vaca Muerta basin to the coast for
mistic about the draft legislation’s potential to several more years.

P12 www. NEWSBASE .com Week 48 30•November•2022