Page 14 - GLNG Week 29 2021
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GLNG                                        NEWS IN BRIEF                                              GLNG








       AFRICA                              from January 2023 onwards. The tolling fee   to offer dual-fuel solutions, providing oil and
                                           for the 2023+ incremental capacity will also be  gas exploration and production operators and
       Golar, Perenco and SNH              linked to TTF. Based on current average 2023   completions companies access to cleaner and
                                                                                more affordable energy.
                                           TTF gas prices ($6.72/mmBtu avg. future
       agree increased capacity            price for 2023) the additional 400,000 tonnes   mobile fuel gas conditioning and distribution
                                                                                  Alliance OGP combines its dedicated
                                           of production would generate US$30.4mn of
       utilisation of FLNG Hilli           incremental annual adjusted EBITDA. For   systems with its unmatched technical
                                                                                expertise in treating natural gas to help
                                           each US$1.00/mmBtu change in TTF, this
       Episeyo                             adjusted EBITDA will increase (or decrease)   operators use wellhead gas, CNG or LNG
                                           by $7.4mn. The Option must be declared
                                                                                to fuel their operations. Fluid Automation
       Golar LNG announces today that it has   during the third quarter of 2022.  Station will utilise its patented fuel
       agreed with Perenco Cameroon and Société   At current TTF future prices, and   distribution technology in conjunction with
       Nationale des Hydrocarbures (SNH) to   assuming the Option is exercised, the   Alliance to offer a complete dual fuel solution.
       increase utilisation of the FLNG Hilli Episeyo.  incremental Adjusted EBITDA backlog of the   “Many of our oilfield customers have dual
         Commencing 2022 the capacity utilisation   potential increase in capacity utilisation for   fuel fleets and were looking to single source
       of Hilli will increase by 200,000 tonnes of   Hilli from 2022 until July 2026 is expected to   their diesel, LNG and CNG supply,” said Fluid
       LNG, bringing total utilisation in 2022 to   be around $113mn.           Automation Station’s Founder, Chairman and
       1.4mn tonnes. The tolling fee for the 2022   Golar has an 86.9% economic interest in   Owner Sam Simon. “This is a service that very
       incremental capacity is linked to European   the incremental adjusted EBITDA generated   few suppliers currently offer. Today’s climate
       gas prices at the Dutch Title Transfer Facility   as a result of the agreement. The agreement   demands greener forms of energy. Our team
       (TTF). At current average 2022 TTF gas prices  will not change any existing terms, conditions,   strategically executed a plan to meet the
       (avg. $8.70/mmBtu for 2022) the increased   tolling fees or the Brent oil link associated   increased need.”
       capacity utilisation represents an expected   with trains 1 and 2.         Fluid Automation Station has seen a shift
       $26.1mn in incremental Adjusted EBITDA.   GOLAR LNG, July 20, 2021       in the industry and is working diligently to
       For each US$1.00/mmBtu change in TTF, this                               bring alternative fuel solutions to market and
       Adjusted EBITDA will increase (or decrease)                              reduce carbon emissions in oil fields. Natural
       by $3.7mn.                          AMERICAS                             gas is one of the safest and cleanest energy
         In addition to the 2022 capacity increase,                             sources available, emitting almost half the
       Perenco and SNH intend to drill and appraise   Fluid Automation Station   amount of carbon dioxide than diesel when
       2-3 incremental natural gas wells during 2021,                           burned. It emits little to no sulphur, making
       and subsequently upgrade upstream facilities   announces partnership with   it more environmentally friendly and more
       in 2022 to support further sustained increases                           efficient than other fuel alternatives. Natural
       in production from 2023 onward.     Alliance OGP to bring dual           gas fuel is cost-effective and provides further
         Under the agreement, Perenco and SNH                                   savings in the form of carbon credits.
       are granted an option to increase capacity   fuel services to the oil and   “We are always on the lookout for
       utilisation of Hilli by up to 400,000 tonnes of                          innovative solutions,” says, Jesus Mejorada,
       LNG per year from January 2023 through to   gas industry                 Co-Founder of Alliance OGP. “Offsetting
       the end of the current contract term in 2026.                            a share of diesel consumption with natural
       This has the potential to increase total annual   Fluid Automation Station announced it has   gas creates an immediate opportunity for
       LNG production from Hilli to 1.6mn tons   entered into a partnership with Alliance OGP   companies to lower their operating cost and
                                                                                their GHG emissions. We can now offer a
                                                                                turnkey dual-fuel program through Fluid
                                                                                Automation Station’s premier automated
                                                                                fuelling technology.”
                                                                                FLUID AUTOMATION STATION, July 20, 2021


                                                                                EUROPE

                                                                                GTT receives orders for the
                                                                                tank design of two new LNG

                                                                                carriers

                                                                                GTT announces that it has received, at the end
                                                                                of June, orders from its partners the Korean
                                                                                shipyards Hyundai Samho Heavy Industries
                                                                                (HSHI) and Daewoo Shipbuilding & Marine
                                                                                Engineering (DSME) for the tank design of
                                                                                two new LNGCs.
                                                                                  GTT will design the tanks of the vessels



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