Page 11 - GLNG Week 28

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President and CEO Meg Gentle said, “ e agreements we have executed with Total con rm the business model for the Dri wood project, establishing it as an LNG joint venture partnership with an implied value of $13.8 billion. e Tellurian team thanks Total for their leadership and we look forward to beginning the largest privately funded U.S. infrastructure project. we intend to nalize the agreements with the remaining partners and make FID in 2019. At full capacity, Dri wood will be capable of exporting approximately 4 billion cubic feet per day of natural gas, providing solutions for the acute U.S. oversupply and delivering cleaner air to the world.”
tElluRian, july 10, 2019
asia
Pakistan brings pricing pressure to bear
Pakistan has oated tenders for LNG supply, to Qatar’s annoyance, the Asian country’s e News reported this week. Pakistan’s move follows low o ers from Qatar.
Islamabad is reported to be seeking 400mn cf per day of LNG more and has signed inter-governmental agreements with seven countries, with companies from three o ering bids.
Qatar cut its price to 11.05% of Brent, down from an initial o er of 11.25%. Qatar is currently supplying Pakistan with 500mn cf per day under a 15-year deal, at 13.37% of Brent.
Competitors for Pakistan’s business were also said to be unhappy that the country had disclosed pricing to Qatar.
Pakistani o cials felt compelled to apologise to Qatar during a visit in June.
Southern Asian demand
Southern Asia’s LNG demand is projected to grow vefold within 20 years, wood
Mackenzie has projected, according to a report from Montel. is could see total imports rise to 236mn tonnes per year by 2040. India could account for 63mn tpy and Indonesia 43mn tpy.
Gas demand in India is driven by industry, while Indonesia is seeking power generation. “Pakistan and Bangladesh face the double e ect of declining domestic production and continued growth in gas demand, leading to LNG demand of around 25mn tpy each by 2040,” a woodMac analyst said in a research note.
“Existing subsidy programmes will not be sustainable in the long run as imported LNG takes a bigger share in [Bangladesh’s] fuel mix.”
ABS and MOL in Landmark Gas Carrier Agreement
ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers. e agreement covers seven new- build Very Large Ethane Carriers (VLEC) and up to seven new-build Lique ed Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.
“ABS is a world leader in gas and the classi cation of gas carriers, with a track record of supporting some of the most innovative and technically demanding projects in the world,” said Tony Nassif, ABS Executive Vice President and Chief Operating O cer. “It is outstanding to have that expertise recognized by an innovator such
as MOL. ABS is proud to be able to use our extensive experience to support these projects and advance the safe handling, storage and transportation of gas.” ABS will provide
plan review, survey, inspection and other classi cation services for vessels, machinery and equipment as well as assist with managing the requirements for foreign ag carriers calling at US terminals.
“Joining our accumulated experience and knowledge as one of the world’s leading LNG
carrier owners and management companies and the largest VLEC operator in the world, with ABS’ extensive experience, demonstrates that MOL is committed to o ering safe, high- quality and e cient gas transport service to customers,” said Tatsuro watanabe, MOL General Manager, Energy Business Strategy Division, Energy Transport Business Unit. abs, july 15, 2019
austRalasia
Subsea compression FEED
order for MAN Energy
Solutions
MAN Energy Solutions has been awarded
a contract to support the FEED study of a subsea compression solution for the Chevron- operated Jansz-Io eld in western Australia.
“we are very proud to work with our alliance partner Aker Solutions on the Jansz- Io eld development project for Chevron Australia,” says Uwe Lauber, CEO of MAN Energy Solutions. “ anks to this project, we will be able to prove once again the unrivaled value and reliability of our groundbreaking subsea compression solution.”
Jansz-Io will be the rst gas eld outside Norway where the subsea compression technology comes to use. It is located around 200 kilometers o the Australian north-
west coast at a water depth of approximately 1’350 meters. Jansz-Io is part of the Gorgon project – one of the world’s largest natural gas developments.
MAN Energy Solutions’ scope of work within the front-end engineering and design (FEED) covers the technology of the subsea compressors, which will be used to maintain output as reservoir pressure drops over time. Subsea compression solutions boost the recovery of the gas more cost-e ectively and with a smaller environmental footprint than conventional compressor systems that are typically installed on platforms above sea level.
“we are very excited that Chevron Australia has chosen our subsea compression solution for this technologically highly demanding project,” states Alexandre de Rougemont, Head of Sales Turbo Solutions
at MAN Energy Solutions. “ is is the direct result of the close collaboration between the Subsea Compression Alliance partners Aker Solutions and MAN Energy Solutions and our extensive expertise gathered together.”
MAN’s subsea compression solution has already proven its reliability and bene ts for
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