Page 10 - AsiaElec Week 27 2022
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AsiaElec CARBON CAPTURE AsiaElec
Petronas, Mitsui partner
on CCS studies
MONGOLIA MALAYSIA’S Petronas and Japan’s Mitsui & Co. chain, capturing and gathering strategy of CO2
have signed a memorandum of understanding from various industries, as well as competitive
(MoU) on partnering on studies into carbon transportation of the CO2 and emerging tech-
capture and storage (CCS). Under the tentative nology in direct air capture (DAC).
deal, the two companies would collaborate on “Through this collaboration, Petronas can
conceptual and feasibility studies on the CCS leverage on Mitsui & Co.’s experience in its CCS
value chain, including the evaluation of carbon project in the United Kingdom, which is the
dioxide (CO2) storage sites offshore Peninsular first CO2 appraisal and storage licence issued
Malaysia. by the United Kingdom’s Oil and Gas Authority
The partnership is one of several Petronas [OGA],” stated Petronas’ head of carbon man-
has formed with international companies in agement, Emry Hisham “We are confident that
recent months as it seeks to establish Malaysia the feasibility studies will bring about valuable
as a regional CCS hub. Since the start of this contribution in unlocking CCS potential in
year, the Malaysian company has also partnered Malaysia. This is one of the many efforts to estab-
with Japan Petroleum Exploration (JAPEX) and lish Malaysia as a leading CCS solutions hub in
Shell on CCS development. It has also signed an the region.”
MoU with Mitsui OSK Lines (MOL) for the joint Like the other partnerships it has struck, this
exploration of opportunities in the transporta- one is at an early stage. It remains to be seen how
tion of liquefied CO2. many CCS projects will be advanced by these
Petronas said the scope of their collaboration partnerships.
would cover the evaluation of other CCS value
Hoegh, AIE finalise FSRU charter
contract for Port Kembla LNG
AUSTRALIA HOEGH LNG Holdings said on June 24 that its Hoegh FSRU to a German company.
floating storage and regasification unit (FSRU) Port Kembla LNG is pushing ahead, however.
contract with Australian Industrial Energy The FSRU contract between Hoegh and AIE
(AIE) had been finalised. The deal was struck in covers a 15-year period, with early termination
November 2021, but AIE had now lifted its final options for AIE after the fifth and tenth years.
objections for the contract to go ahead. AIE is entitled to time the start-up of the con-
Under the deal, the Hoegh Galleon FSRU tract between 2023 and 2025, depending on its
will serve the planned Port Kembla LNG import requirements, Hoegh noted.
terminal in Australia. The facility is expected Hoegh and AIE also said in November that
to be completed in 2023 and represents one of they had agreed to collaborate on the future
several proposed LNG import projects aimed design and development of a “new generation
at addressing looming gas supply shortages. It FSRU”, capable of receiving clean fuels that can
is the most advanced of the project proposals, be used as part of green energy supply chains.
and indeed is at an advantage because FSRUs are They would kick this off by starting initial feasi-
now more difficult to secure given that they are bility work on the design shortly after announc-
in higher demand as Europe pivots away from ing the collaboration. The final design had yet
Russian gas. to be confirmed at the time, but the vessel was
Earlier this year it emerged that other Aus- expected to have the capability of delivering both
tralian LNG import project developers could natural gas and green hydrogen or derivatives
struggle to secure FSRUs before they are snapped thereof, according to AIE. This is anticipated
up by European companies. Indeed, Viva to create opportunities for the Port Kembla ter-
Energy, which is aiming to build an LNG import minal to support a future hydrogen industry in
terminal near Melbourne, was recently reported Australia.
to have lost its tentative booking for a separate
P10 www. NEWSBASE .com Week 27 06•July•2022
