Page 12 - GLNG Week 44

GLNG
NEWS IN BRIEF
GLNG
Reuters cited the official as saying the company would initially invest RMB8.07bn ($1.15bn) into a terminal with the capacity to handle 5mn tpy of LNG by the end of 2022 under the first phase of the project.
The facility will include eight 200,000 cubic metre storage tanks and a berth with the capability to dock LNG tankers with a capacity of 80,000-266,000 cubic metres, according to the official.
Chinese LNG imports to fall for first time in three years
China’s imports of LNG are expected to fall for the first time in over three years owing to an outage at a major receiving terminal and ample stockpiles.
China imported 3.8mn tonnes of LNG over the month of October according to berth data compiled by Bloomberg, compared with 4.6 million for the same month of 2018. If this is confirmed by official customs data, which
is due to be published later this month, it would mark the first y/y drop in Chinese LNG imports since July 2016.
Beijing Enterprises Group and GTT sign a memorandum of understanding
On the occasion of the visit of French President Emmanuel Macron to China, in Beijing, in the presence of Chinese President Xi Jinping, GTT and the major state-owned company Beijing Enterprises Group (BEG), have signed a memorandum of understanding concerning the evaluation of membrane full containment technology for LNG onshore
storage tanks, through its subsidiary Beijing Gas Group (BGG). It could involve the construction of a number of storage tanks of a capacity exceeding 220.000 m3 for their Tianjin Nangang LNG project.
After the signature ceremony, Philippe Berterottière, Chairman and CEO of GTT, declared: “We are very delighted to initiate this collaboration with Beijing Enterprises Group for the use of the membrane technologies for LNG onshore storage tanks. This further reinforces our long-term partnership with China.”
Li Yalan, chairperson of the Board of BGG, said at the occasion: “We are very pleased to collaborate with GTT with the application
of membrane technology for the first time in onshore LNG tanks in China.”
GTT, November 06, 2019
Pakistan awaits first private LNG shipment
Universal Gas Distribution Co.’s (UGDC) CEO, Ghiyas Abdullah Paracha, said this week that the first private shipment, carrying around 130,000 cubic metres of LNG, is likely to arrive at Karachi by end of November.
“We have recently signed deals with world leading companies ExxonMobil and Trafigura for supply of LNG, while the ‘additional private capacity’ of Pakistan Gas Port Consortium’s (PGPC) terminal used for re-gasification and onward distribution,” he was quoted by APP as saying.
Trafigura and Gas Port have ownership
of the ‘additional private capacity’ at the terminal, Paracha said adding that “a formula already exists under which private sector
can import LNG as per its requirements,
get it injected into existing gas transmission network and receive at industrial units”.
AUSTRALASIA
EPIK appoints ANZ to serve as financial adviser for Newcastle GasDock LNG import terminal
EPIK, a liquefied natural gas (LNG) project development company, announced today that it has appointed Australia and New Zealand Banking Group Limited (ANZ) to serve as financial adviser for its Newcastle GasDock LNG import terminal.
ANZ will provide debt and equity advisory services for EPIK’s flagship FSRU project at the Port of Newcastle in New South Wales (NSW) in the lead up to a Final Investment Decision (FID), anticipated in mid-2020.
“We are pleased to be partnering with EPIK as financial adviser in the development of this critical infrastructure project, which is uniquely positioned to provide competitive gas supply to the region,” said Ian Wainwright, ANZ executive director.
In August, the Government of New South Wales declared EPIK’s Newcastle GasDock LNG import terminal project as Critical State Significant Infrastructure (CSSI), recognising the project for its vital role in providing long- term energy and gas security to the region.
“ANZ adds tremendous financial and advisory expertise to the Newcastle GasDock project as we continue to make significant commercial and regulatory progress,” said Jee Yoon, EPIK’s Managing Director. “We have confidence that with ANZ’s assistance we will be able to secure optimal capital resources for the project, allowing us to provide the most competitive supply to the region.”
NSW currently relies on interstate imports for approximately 95% of its gas supply and recent changes in the domestic market have resulted in significant market volatility and price increases, negatively impacting industry and households across the State. As proposed, the Newcastle GasDock terminal will be capable of supplying more than 80% of NSW’s current gas demand, with the potential to increase throughput as demand requires.
In addition to EPIK’s recent engagement with ANZ, the Newcastle GasDock project is supported by leading advisers and consultants, including environmental and planning support from Arup, engineering, design and construction services from Australian EPC firm, Watpac, as well as legal and regulatory counsel from K&L Gates, among others.
EPIK, November 05, 2019
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Week 44 07•November•2019