Page 13 - GLNG Week 22 2021

GLNG NEWS IN BRIEF GLNG

Stabilis Solutions acquires Novatek (CCS) and to explore new opportunities
for developing decarbonized hydrogen and
LNG production facility in TotalEnergies has signed a sale and purchase ammonia. This partnership will leverage
the significant low-cost resources of the
agreement (SPA) with Novatek to acquire
Port Allen, Louisiana 10% of Arctic Transshipment, a wholly owned Yamal and Gydan peninsulas and their large
subsidiary of Novatek, which owns and will
potential for geological storage.
Stabilis Solutions, a leading provider of energy operate two liquefied natural gas (LNG) Each partner will bring its best-in-class
transition services including liquefied natural transshipment terminals being built in the technologies and combine its know-how to
gas (LNG) and hydrogen fuelling solutions, Murmansk and Kamchatka regions of Russia. explore and develop projects that will help
announced today that it has completed the These terminals will provide export reduce the carbon footprint of the LNG value
acquisition of an LNG production facility logistics services, including to the Arctic LNG chain, using: carbon capture and storage
in Port Allen, Louisiana from HR Nu Blu 2 project under construction, and will each (CCS), energy efficiency, renewable sources of
Energy. Terms of the acquisition were initially include a 360,000 m3 floating storage power, marketing of carbon-neutral LNG, and
not disclosed. The Port Allen facility is unit (FSU) and two ship-to-ship transfer kits clean hydrogen & ammonia.
strategically located in the eastern Gulf Coast (STS). They will allow for the transshipment “We are very pleased to begin a new
region and will support some of Stabilis’ of LNG from Arc7 ice class LNG carriers, chapter in our cooperation with our long-
largest customers. Built in 2018, the facility which provide transport on the iced waters standing strategic partner Novatek. Our
has nameplate production capacity of 30,000 of the Arctic Ocean, to conventional LNG two companies are joining forces to deliver
LNG gallons per day which increases Stabilis’ carriers, which take care of the remaining sustainable solutions to reduce emissions
total nameplate production capacity by delivery. By limiting the use of Arc7 ice class from our LNG projects and to provide
approximately 30%. Stabilis believes that it LNG carriers, this optimization of the logistic low carbon LNG to our customers,” said
will be able to sell all of the facility’s capacity reduces the costs and CO2 emissions of the Patrick Pouyanné, Chairman and CEO of
immediately with contracts from existing LNG transport. TotalEnergies, on the occasion of his visit to
customers. “We are pleased to have signed this the Saint Petersburg International Economic
“We are excited with the opportunities acquisition with Novatek, our long-standing Forum. “In line with our transformation
presented by the Port Allen acquisition,” strategic partner, which is in line with our strategy and our ambition to be a major player
commented Jim Reddinger, President and strategy of integration along the entire in the energy transition, we want to be a
CEO of Stabilis. ”The facility’s location is LNG value chain. These terminals mark leader in low-carbon LNG.”
ideal to meet the growing clean energy needs an important step in the advancement TOTALENERGIES, June 3, 2021
of our customers in the Gulf Coast region. and consolidation of the Arctic LNG 2
In addition, it currently supports North project, and will contribute to the safe and
America’s largest LNG-powered offshore sustainable export of cargoes from our MIDDLE EAST
service vessel fleet located in Port Fourchon, existing and developing Yamal projects,”
Louisiana. We are witnessing rapid expansion said Patrick Pouyanné, Chairman and CEO Turkey’s natural gas
in LNG marine bunkering activity across of TotalEnergies, on the occasion of the
North America, and this acquisition allows signature at the Saint Petersburg International imports leap 48% y/y in
us to expand our LNG marine bunkering Economic Forum.
services to customers throughout the Gulf TotalEnergies is a 19.4% shareholder in March
Coast, including the ports of Baton Rouge, Novatek and holds a 20% stake in Yamal LNG,
New Orleans and beyond.” a project that started up in December 2017 Turkey imported 5.82bn cubic metres (bcm)
Stabilis projects that the acquisition and produced more than 18.8 million tons of of natural gas in March, marking a 47.8% y/y
will be immediately accretive to earnings. LNG in 2020. The company also holds a 10% increase, data from energy market regulator
Incremental annual EBITDA is projected to stake in Arctic LNG 2, a project currently EPDK have shown.
be $2.5-3.0mn. under construction and on track to deliver its The country’s total gas consumption rose
Reddinger added: “The incremental cash first LNG cargo in 2023. by 42.3% to 6.54 bcm from 4.6 bcm in March
flow that this acquisition creates demonstrates TOTALENERGIES, June 3, 2021 2020.
the tremendous operating leverage that Households’ consumption expanded by
exists in the Stabilis platform. We believe that Russia: TotalEnergies 43.3% to 2.83 bcm, while the use of gas in
additional opportunities exist to acquire LNG power plants jumped 248% to 1.36 bcm in the
production facilities that expand our footprint Partners with Novatek month.
across North America.” Imports from Russia amounted to 2.58
STABILIS SOLUTIONS, June 1, 2021 on LNG decarbonisation, bcm, up 563% y/y, while Turkey purchased
1.07 bcm of natural gas from Azerbaijan and
hydrogen and renewables 850 mcm from Iran.
EUROPE Consumption growth in natural gas power
TotalEnergies and Novatek have signed a plants increased as the plants were required
Russia: TotalEnergies memorandum of understanding (MoU) to to generate more electricity due to drought
pushing down hydro capacity over the past
jointly work on sustainable reductions of the
acquires 10% of Arctic CO2 emission resulting from the production few months, state-run news service Anadolu
said.
of liquefied natural gas (LNG) including with
Transshipment from the use of renewable power, to develop large-
scale carbon capture and storage solutions

Week 22 04•June•2021 www. NEWSBASE .com P13