Page 14 - GLNG Week 29 2021
P. 14
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
P14 www. NEWSBASE .com Week 29 23•July•2021