Page 9 - GLNG Week 34 2021

GLNG AMERICAS GLNG

BW Tatiana FSRU heading to El Salvador

for EDP’s LNG-to-power project

PROJECTS & BW LNG, a subsidiary of Singapore-based BW last year from Energía del Pacífico (EDP), the
COMPANIES Group, and its partner Invenergy (US) have joint venture that Invenergy and BW LNG have
moved one step closer to launching an LNG- set up for the project.
to-power project in El Salvador following the When the FSRU reaches El Salvador, EDP
completion of work on a floating storage and will anchor it at a site offshore Acajutla, about
regasification unit (FSRU) known as the BW 1.2 km from the coast. At this location, the
Tatiana. vessel will be able to take delivery of LNG,
In a statement dated August 20, BW LNG regasify it and transfer it to a 2-km pipeline
reported that the BW Tatiana had departed for delivery to shore. Boskalis, the Dutch com-
from the Keppel Tuas shipyard in Singapore. The pany that is building the pipeline, reported in
137,000-cubic metre FSRU is now bound for the June of this year that it had nearly finished with
port of Acajutla in El Salvador and will reach its construction.
destination later this year. This link will deliver gas to EDP’s 378-MW
When finished, the FSRU will be able to thermal power plant (TPP) in Acajutla, which is
regasify LNG at the rate of up to 280mn cubic due to begin operating next year. This plant will
feet (7.93mn cubic metres) per day. It will also eventually turn out enough electricity to cover
be the first vessel of its kind to be deployed in around 30% of El Salvador’s demand. It will be
Central America. linked to the Central American Electrical Inter-
The BW Tatiana is a converted LNG carrier connection System (known as CAEIS), which
formerly known as the Gallina and previously connects the power grids of El Salvador, Gua-
owned by Royal Dutch Shell (UK/Netherlands). temala, Nicaragua, Honduras, Costa Rica and
Keppel won a contract for the conversion project Panama, via a 230-kV transmission line.™

ASIA

Sinopec completes Qingdao

LNG terminal expansion

PROJECTS & CHINA’S state-run Sinopec has finished the first July to 3.67mn tonnes and by 21.6% in the first
COMPANIES stage of expansion work at its Qingdao LNG seven months to 23.71mn tonnes.
import facility in Shandong Province. LNG imports have grown at a faster pace
The company said on August 24 that it had this year than in 2020, when shipments climbed
finished building two 160,000 cubic metre stor- by just 11.1% y/y to 60.7mn tonnes. Pipeline
age tanks, expanding the terminal’s handling imports actually shrank by 4.9% to 34.5mn
capacity by 17% from 6mn tonnes per year to tonnes.
7mn tpy. Work on the project began in Novem- Chinese demand for LNG is expected to
ber 2018. remain strong for the rest of the year despite spot
Sinopec added that it intended to further market prices hovering around the $15.50 per
expand the terminal’s capacity to 14mn tpy mmBtu ($428.73 per 1,000 cubic metre) mark.
by end of 2023, making it the country’s largest China’s utilities strive to stockpile supplies ahead
import facility at that point. of peak winter demand.
The expansion comes just a few months The average price for October delivery into
ahead of the country’s winter heating period, Northeast Asia was estimated at around $15.50
when demand will begin to pick up and the pros- per mmBtu, Reuters cited unnamed industry
pect of supply shortages increases. sources as saying on August 20.
China’s LNG imports climbed by 13.7% year This, however, is a far cry from the
on year in July to 5.67mn tonnes, according to record highs noted in January, when prices
General Administration of Customs (GAC) hit $30 per mmBtu ($829.8 per 1,000 cubic
data published on August 18. Imports in the first metres). As such, Chinese buyers are will-
seven months of the year climbed by 25.3% on ing to pay now in the hopes of being able to
the year to 45.25mn tonnes. avoid entering the market when prices are
China’s piped gas imports rose by 58.5% in even higher.™

Week 34 27•August•2021 www. NEWSBASE .com P9