Page 16 - GLNG Week 30

GLNG NEWS IN BRIEF GLNG

AMERICAS what is hoped to be a strong and ongoing third quarter of 2020. Great Lakes, Bechtel
partnership with EDC. and Cheniere are conscious of the biodiverse
Pieridae secures CAD6mn PIERIDAE ENERGY, July 29, 2020 environment where the work will be
performed and pledge to preserve that as well
account security guarantee Great Lakes announces the as commit to work safely.
Lasse Petterson, chief executive officer
facility from Export signing of a subcontract for Great Lakes, commented: “Great Lakes
looks forward to partnering with Bechtel
Development Canada with Bechtel for Sabine on this important project for Sabine Pass
LNG in the US LNG market. Great Lakes’
Pieridae Energy is pleased to announce it has Pass LNG third marine berth extensive dredging experience, proven
received approval from Export Development track record for successful completion of
Canada (EDC) for a CAD6mn guarantee dredging work similar projects, and emphasis on safe work
facility as part of EDC’s Account Performance performance uniquely qualifies Great Lakes
Security Guarantee programme. The Great Lakes Dredge & Dock Corporation, for this work scope which is integral to the
programme provides a 100% guarantee to the largest provider of dredging services in overall SPL Project. We are encouraged by
the issuing bank of certain of the company’s the United States announced the signing the project’s commitment to the region and
existing and future letters of credit. The APSG of a subcontract with Bechtel Oil, Gas and the level of care for preserving the unique
will allow Pieridae to release cash collateral Chemicals. Bechtel is the Engineering, local environment, and we look forward to
requirements provided as security for certain Procurement & Construction (EPC) supporting this effort during our dredging
existing and potential future LCs. contractor for the Train 6 and Third Berth programme.”
“We are very pleased to have this support expansions at the Sabine Pass Liquefaction Great Lakes previously worked as a
from EDC, as this is a significant opportunity Project for subsidiaries of Cheniere Energy subcontractor to Bechtel on the Wheatstone
for Pieridae to free up cash collateral to Partners. LNG project in Australia and also worked for
redeploy to help continue to grow the Cheniere Partners, through its subsidiaries, another subsidiary of Cheniere on the LNG
company,” said Pieridae Chief Financial proposes to construct and operate an export terminal project located on the north
Officer Rob Dargewitcz. “This facility from expansion of the existing Sabine Pass liquefied shore of Corpus Christi Bay in Texas.
EDC sends a strong signal to the market that natural gas facility, located in Cameron Parish, GREAT LAKES DREDGE & DOCK CORPORATION,
we continue to gain momentum and key Louisiana on the Sabine Pass Channel. The July 28, 2020
support for the company and its strategic proposed expansion of the LNG terminal
direction.” consists of the addition of a third marine First of its kind LNG-
EDC is a financial Crown corporation with berth and supporting facilities. The third
offices around the world. They are dedicated berth will be used to load LNG vessels for powered vehicle carrier
to helping Canadian companies succeed on export and is sized to accommodate vessels
the world stage while ensuring all projects and with a capacity of 125,000 to 180,000 cubic calls JAXPORT
transactions they support are conducted in a meters.
manner that is financially, environmentally Great Lakes’ subcontract to Bechtel This week the Jacksonville Port Authority
and socially responsible. This facility approval involves the dredging of the third marine (JAXPORT) welcomed Siem Confucius, the
announced today establishes the start of berth, which is expected to commence in the world’s first vehicle carrier of its size operated
by cleaner, greener liquefied natural gas
(LNG).
The vessel arrived at JAXPORT from
Veracruz, Mexico and unloaded factory-new
Volkswagen Group of America cars and SUVs
at the port’s Blount Island Marine Terminal
during its maiden voyage to the United States.
The 7,500-car-capacity Siem Confucius is
the first of two new LNG-powered ships built
by Siem Car Carriers AS and commissioned
by Volkswagen Group of America. Siem Car
Carriers says the ships reduce carbon dioxide
emissions by up to 25 percent and sulphur
oxide emissions up to 100 percent.
“Siem Confucius and its sister ship, Siem
Aristotle, are among the most modern and
eco-friendly ships serving the automotive
industry today,” said Siem Car Carriers
President Jeffrey Campbell. “By investing
in world-class technology and maintaining
a modern and efficient fleet, we are able to
reduce emissions and our overall carbon
footprint, while delivering the world-class

P16 www. NEWSBASE .com Week 30 31•July•2020