Page 8 - GLNG Week 22 2021

GLNG AMERICAS GLNG

Boskalis making progress on pipeline

for LNG-to-power project in El Salvador

PIPELINES & BOSKALIS, a Dutch dredging and offshore ser- The pipeline will handle regasified LNG
TRANSPORT vices provider, has nearly completed work on from the BW Tatiana, a 135,000-cubic metre
a subsea pipeline that will support an LNG-to- tanker formerly owned by Royal Dutch Shell
power project in El Salvador. (UK/Netherlands) that is being repurposed into
In a statement issued last week, Boskalis an FSRU at the Keppel shipyards in Singapore.
reported that it had reached a key milestone in Keppel is carrying out this task on behalf of a
the project, which encompasses the construction joint venture formed by Invenergy (US) and BW
of a 2-km pipeline that will link an offshore float- LNG, a unit of BW Group (Singapore).
ing storage and regasification unit (FSRU) to an When finished, the FSRU will be able to
onshore natural gas-fired thermal power plant regasify LNG at the rate of up to 280mn cubic
(TPP). Specifically, it said it had pulled some feet (7.93mn cubic metres) per day. It will also
pipe into the onshore micro-tunnel and trench be the first vessel of its kind to be deployed in
system built at the port of Acajutla for the line. Central America.
“The 24-inch [610-mm] pipeline was pulled The Dutch company began work on the pipe-
through the micro tunnel and trench by our line under a contract with the Invenergy/BW
powerful construction support vessel BOKA LNG joint venture, known as Energia del Pacif-
Falcon, [which] also installed the pipeline end ico (EDP), in early 2020. The link will deliver
termination and mooring system for the FSRU,” gas to EDP’s 378-MW TPP in Acajutla, which is
the statement said. due to begin operating next year. This plant will
Boskalis is now slated to work on the final eventually turn out enough electricity to cover
phase of the project in the second half of 2021, around 30% of El Salvador’s demand. It will also
it added. “We are looking forward to the final be linked to the Central American Electrical
phase of the project later this year, when we will Interconnection System (known as SIEPAC),
assist with the mooring and hook up the FSRU which connects the power grids of El Salvador,
that will receive the LNG for the power plant,” Guatemala, Nicaragua, Honduras, Costa Rica
it said. and Panama, via a 230-kV transmission line.™

Sempra raises stake in IEnova to 96.4%

INVESTMENT US-BASED Sempra Energy reported last week by May 28, the date on which shares in Sempra
that it had increased its equity stake in IEnova, began trading on the Mexican Stock Exchange.
its Mexican subsidiary, to 96.4% following the Sempra’s stock is already listed on the New York
expiry of its share exchange offer. Stock Exchange (NYSE) and will continue to
In a statement, Sempra described the results trade there.
of the exchange as a success, noting that it had The company executed the share swap within
exceeded its original goal of raising its owner- the framework of a wider effort to leverage one of
IEnova is building ship to 95%. It acknowledged that it had not its new units – Sempra Infrastructure Partners,
the the Energía Costa reached the updated target level of 100% own- a company formed to manage its LNG projects
Azul LNG terminal in ership but said it was now “one step closer to plus certain cross-border and in-country natural
Mexico. achieving its goal of acquiring the remaining gas pipelines and gas distribution facilities – into
3.6% interest.” a self-funding entity. IEnova is sure to play a key
Sempra launched the exchange last Decem- role in the success of this new company, given
ber with the goal of gaining all 433,242,720 IEn- that Sempra Infrastructure Partners’ portfolio
ova ordinary shares that were not already in its includes the pipelines that will deliver feedstock
possession, offering to swap 0.0323 shares of its from the US to the Energía Costa Azul (ECA)
own stock for every single share in the subsidi- gas liquefaction plant.
ary. By the time the exchange ended on May 24, IEnova is building the first phase of the ECA
it had secured 381,015,194 additional shares in plant on the site of an existing LNG import and
IEnova and was due to issue 12,306,777 shares regasification terminal. When finished, the first
of its own common stock to the participating phase will be able to turn out 2.4mn tonnes per
sellers. year of LNG. The terminal’s production capacity
The exchange was due to be completed in full may eventually rise to 12mn tpy.™

P8 www. NEWSBASE .com Week 22 04•June•2021