Page 13 - GLNG Week 11 2022

GLNG NEWS IN BRIEF GLNG

AFRICA Under the deals, Venture Global will supply ASIA
2mn tonnes per annum (mtpa) of LNG on
Suez Canal Authority to a free on board (FOB) basis from its LNG GTT obtains tank design
facilities in Louisiana.
discontinue 15% discount purchase 1 MTPA of LNG from Venture order for three new LNG
Under the first agreement, NFE will
offered to LNG carriers Global’s Plaquemines LNG export facility in carriers from Hyundai
Plaquemines Parish, Louisiana for a term of
Egypt’s Suez Canal Authority (SCA) has 20 years. Heavy Industries
announced that it will discontinue the 15% “We are pleased to partner with Venture
discount offered to LNG carriers crossing the Global as we advance our mission of GTT announces that it has received an order
canal, effective March 15. providing customers around the world from its partner the Korean shipyard Hyundai
SCA is taking this step in light of with access to low-carbon natural gas and Heavy Industries for the tank design of three
geopolitical developments – chiefly, the affordable electricity,” said Wes Edens, new LNGCs.
decision of European countries to reduce their Chairman and CEO of NFE. “These volumes As part of this order, GTT will design the
reliance on Russian natural gas by switching support our plan to expand and diversify our tanks of the vessels, which will each offer a
to alternative sources. This plays out to Egypt’s stable natural gas supply portfolio to meet capacity of 200,000 m3. The tanks will be
advantage, as the Suez Canal is a conduit the growing needs of our customers in a fitted with the GTT Mark III Flex+ membrane
for Qatari and Australian LNG shipments structurally short global natural gas market.” containment system, a technology developed
heading north to markets in Europe. In addition to 1 MTPA from Plaquemines by GTT.
As the shortest maritime route between LNG, NFE agreed to purchase an additional The vessels are scheduled for delivery
Europe and Asia, the Suez Canal is a vital 1 MTPA of LNG from Venture Global’s CP2 during first, second and fourth quarters of
waterway for international trade. It is also a LNG facility, located in Cameron Parish, 2025.
reliable source of foreign exchange revenues Louisiana, adjacent to Venture Global’s GTT, March 15, 2022
for the Egyptian economy. The canal existing Calcasieu Pass LNG facility. In
generated $5.9bn for Egypt in the fiscal year December 2021, Venture Global filed a formal GTT is selected by Pacific
2020/2021, up from $5.8bn in the previous application requesting authorisation from
fiscal year, which ended in June. the Federal Energy Regulatory Commission International Lines and
SCA authorities estimate that the (FERC) to site, construct, and operate the 20
waterway’s income in the current fiscal year, MTPA nameplate capacity CP2 LNG facility. Jiangnan to design the
which will end next June, may top $7bn. “Venture Global is proud to enter into
a long-term LNG partnership with New LNG fuel tanks for four very
Fortress Energy. Our companies share a
commitment to keeping energy markets well large LNG-fuelled container
AMERICAS supplied while also advancing clean energy
goals, through the export of low-cost US LNG vessels
NFE announces LNG sale to emerging economies,” said Mike Sabel, GTT has received an order from its partner
chief executive officer of Venture Global LNG.
and purchase agreements “The CP2 LNG facility, adjacent to Calcasieu the Chinese shipyard Jiangnan for the
Pass, will build on our vision of making
LNG fuel tank design of four very large
with Venture Global LNG Louisiana an international hub for innovation LNG-fueled container vessels, able to carry
to enhance global energy security.”
14,000 containers each, on behalf of Pacific
New Fortress Energy announced today the The effectiveness of each agreement is International Lines (PIL), a leading shipping
execution of two 20-year Sale and Purchase subject to customary terms and conditions. line in Asia.
Agreements (SPA) with Venture Global LNG. NEW FORTRESS ENERGY, March 16, 2022 The LNG fuel tank of each vessel will offer
a capacity of 13,800 m3 and will be fitted
with the Mark III membrane containment
system. These tanks will include unique
features to facilitate a potential conversion of
these vessels to ammonia, giving PIL greater
operational flexibility in case of changes in
environmental regulations.
In addition to the engineering services
and on-site technical assistance, GTT will
assist PIL through every step of their first
LNG-fuelled project: commissioning of the
LNG tank, first LNG bunkering operations,
as well as further specific LNG operations
and maintenance of the vessels. Moreover,
GTT will provide LNG training for the
crews, supported by its proprietary G-Sim®
training simulator, which replicates the future

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