Page 6 - GLNG Week 28

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Pieridae extends Goldboro LNG FID deadline
PRojECts & ComPaniEs
PIERIDAE Energy has pushed back its final investment decision (FID) on its proposed Gold- boro LNG terminal in Nova Scotia, Eastern Can- ada. e developer announced on July 11 that it had negotiated extensions of the main deadlines under its 20-year agreement with German utility Uniper.
Commercial deliveries of LNG to Uniper are now expected to start between November 30, 2024 and May 31, 2025. Meanwhile, the deadline for making an FID on Goldboro LNG has been extended to September 30, 2020.
The agreement with Uniper covers 5mn tonnes per year (tpy) of LNG, or half of the Gold- boro facility’s output.
“ ese extensions allow us to complete the work needed to make a nal investment deci- sion for the Goldboro project,” Pieridae’s CEO, Alfred Sorensen, said in a statement. “we con- tinue to have ongoing discussions with KBR [the proposed contractor] that will ultimately lead to nalised designs and xed costs for the project. we expect the vast majority of that work to be
completed near the end of 2019, which will move us closer to FID.”
Pieridae said KBR was reviewing an amended version of the previously prepared front-end engineering and design (FEED) study for Goldboro LNG. e engineering rm will also conduct an open-book estimate necessary for entering into a lump sum turnkey (LSTK) engi- neering, procurement and construction (EPC) contract for the project.
e extension comes a er Pieridae said in late June that it was buying gas assets in Alberta from Royal Dutch Shell for CAD190mn ($145mn).
“Our recent announcement that we will be acquiring key Shell assets in the Alberta Foot- hills helps us secure much of the remaining con- ventional natural gas supply needed for the rst train at Goldboro,” said Sorensen. “ is is East- ern Canada’s only LNG facility with the majority of its permits, a pipeline route and an anchor customer.”
Pieridae expects to begin shipping gas from Goldboro LNG in 2023-24.™
uphold its supply commitments to the local mar- ket and to its LNG exports. e project will go a long way towards ensuring the company’s ability to meet contractual obligations, Michael Daniel, the company’s project manager, told Trinidad and Tobago Newsday.
He also pointed out that BPTT’s decision to award TOFCO the contract for construc- tion of certain parts of the platform was in line with ongoing e orts to include local con- tent. “Local fabrication has been a key feature of [the company’s] major projects since the construction of Cannonball [in 2005],” he remarked.
Daniel noted that BPTT had ordered six of the nine o shore platforms produced thus far by TOFCO. “we have invested in eight major projects since [2005], with ve plat- forms, one topside and now a jacket being fabricated right here in La Brea,” he said to Newsday. “ at demonstrates BPTT’s com- mitment to ensuring that its business opera- tions support the development of local skills and capabilities.”
e BP subsidiary gave a green light to the Cassia Compression project last year. Cassia C will be the 16th platform it has built o shore Trinidad and Tobago.™
Cassia on track for BP
PERfoRmanCE
BP Trinidad & Tobago (BPTT) has reported that its campaign to improve natural gas recov- ery rates at the Greater Cassia Area through the construction of a new o shore platform remains on track.
e company said on July 16 that the initia- tive, known as the Cassia Compression project, was moving forward on schedule. As a result, BPTT will be able to bring the Cassia C platform on stream in the third quarter of 2021 as sched- uled, it said in a statement.
In the meantime, it said, work on the main components of the platform contin- ues. Trinidad Offshore Fabrication Co. (TOFCO) has completed 43% of the struc- ture’s jacket and bridge landing frame, while a shipyard in the Mexican port of Altamira has finished 23% of the topside and bridge, it explained.
BPTT will use the Cassia C platform to com- press gas extracted from low-pressure reservoirs in the Greater Cassia Area. It will then send the gas to Cassia B, an adjacent structure, for export. Both platforms are located o the south-eastern coast of Trinidad and Tobago.
e new platform will be able to handle 1.2bn cubic feet per day (nearly 34mn cubic metres per day) of gas. ese volumes will help BPTT
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w w w . N E W S B A S E . c o m Week 28 17•July•2019