Page 13 - GLNG Week 32

GLNG
nEWs in BRiEf
GLNG
AfRiCA
Kyari Urges NLNG
Management to look
beyond Train 7 FID
e Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged
the Management of the Nigerian Lique ed Natural Gas (NLNG) to set their gaze beyond the execution of the much awaited Final Investment Decision on train 7 billed for October 2019.
Welcoming the top-level NLNG Management team, led by its Managing Director, Engr. tony Attah, to the NNPC towers on tuesday, Kyari charged the company to consider the October train 7 FID on the project as a done deal, noting that the focus should be on “what else can we do beyond train 7 to expand NLNG operations’’.
e 8mn tonnes per year (tpy) train -7 project is designed to expand the company’s production capacity from 22- 30mn tpy.
e NNPC GMD assured of the un inching commitment of the Federal Government and the NNPC Management
in the future expansion drive of NLNG, saying all obstacles that could impede the actualization of the train 7 FID project should be promptly identi ed and removed ahead of the October 2019 timeline.
nnPC, August 7, 2019
Second agreement signed on Mozambique LNG
Mozambique Rovuma Venture (MRV),
along with the other Area 4 Partners, and the government of Mozambique, represented by the Minister of Mineral Resources and Energy Ernesto Max tonela, today executed the Second Supplemental Agreement to the Area 4 Exploration and Production Concession Contract (EPCC), which was approved by the Council of Ministers on May 14.
“ e signing of the Second Supplemental Agreement marks an important milestone and is a signi cant step toward a nal investment decision for the Rovuma LNG project later this year,” said MRV General Manager Midstream Mark Hackney. “We will continue to work with the government to maximize the long-term bene ts this project will bring to the people of Mozambique.”
e Second Supplemental Agreement provides the legal and contractual
framework allowing for the Rovuma LNG project to progress, as well as future Area
4 LNG projects. e Second Supplemental Agreement, combined with the Plan of Development and the Unitization and Unit Operations Agreement, create the framework for the development and monetization of Area 4’s world class gas discoveries.
“ ese important approvals bring us one step closer to the realization of the Rovuma LNG Project and represent the government’s commitment to ensure the Project will bene t all Mozambicans and bring to reality this ‘gas
for a prosperous Mozambique’,” said Minister Ernesto Max tonela.
e marketing e ort for the LNG produced from the Rovuma LNG Project is progressing and Area 4 has secured sales and purchase agreements from a liated buyer entities of the partners for 100 percent of
the LNG capacity for trains 1 and 2, which together will produce more than 15 million tons of LNG per year. e Area 4 sales and purchase agreements have been submitted to the government for approval.
miREmE, August 9, 2019
AmERiCAs
Canada welcomes
anticipated construction of
one of the world’s cleanest
LNG facilities
In a world increasingly seeking clean, a ordable and reliable energy sources, Canada is positioned to become a supplier of choice – creating good, well-paying jobs for Canadian workers in the process.
today, Finance Minister Bill Morneau welcomed Wood bre LNG’s announcement that it has placed an order for a cryogenic
heat exchanger – a critical next step in the construction of its lique ed natural gas (LNG) project near Squamish, British Columbia.
e company’s nal investment decision, which will allow construction to proceed,
is expected before the end of the summer. is project will create more than 650 jobs during construction, with more than a 100
of those jobs continuing once the project is operational. It will also provide signi cant economic opportunities for local Indigenous communities and contribute to the area’s long- term economic growth.
In keeping with previous public statements that trade barriers would not be permitted
to stand in the way of these historic private sector investments, the Government is providing relief from duties on fabricated steel contained in modules for the Wood bre LNG project as well as the previously announced LNG Canada project, which is the single largest private sector investment in Canadian history. ese modules are key components used in the construction of LNG facilities, and relief is being provided because modules of the size and complexity required for these projects are not available in Canada.
DEPt of finAnCE CAnADA, August 9, 2019
Week 32 15•August•2019
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