Page 17 - GLNG Week 29 2020

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Titan LNG secures EU funds

for bunkering expansion

PIPELINES & DUTCH LNG supplier Titan LNG has secured in shipping fuel have spurred investment in new
TRANSPORT EU grant funds for an LNG and bio-LNG supply LNG bunkering infrastructure.
chain it wants to establish in Northwest Europe, “Our customers in the shipping sector are
it said on July 17. facing a choice for the future: run on marine
In a statement, Titan LNG said it had received gasoil, heavy fuel oil with scrubbers, or go for
an €11mn ($12.6mn) grant from the EU’s Con- (bio) LNG, the only proven alternative fuel
necting Europe Facility (CEF) for its Bio2Bunker that is scalable right now,” Titan LNG said in a
project. Bio2Bunker involves the positioning of statement.
three bunker barges in Zeebrugge in Belgium, Titan LNG sees long-term potential for LNG
Rotterdam in the Netherlands and Luebeck in as a marine fuel, describing it as “future proof.”
Germany. These barges will be similar to Titan LNG can be combined with bio-LNG, and then
LNG’s existing pair of FlexFueler vessels. synthetic liquefied gas, created by combining
Titan LNG plans to build a mothership green hydrogen and CO2, it said.
known as Titan Hyperion to resupply the Titan LNG said the EU funding would help it
FlexFuelers. overcome barriers and scale up the use of LNG
Northern Europe is leading the way in LNG and bio-LNG as fuels. Besides LNG bunkering,
bunkering, and stricter International Marine Titan LNG is also involved in the supply of LNG
Organisation (IMO) rules on sulphur content to customers on land.™

Russian LNG output

slumps 10% in June

PERFORMANCE RUSSIAN LNG production in June was 10.1% 48.2bn cubic metres in June, representing a
below the level in the corresponding month last 13.3% decline year on year and 8.5% drop month
year, state statistics agency Rosstat reported on on month. Between January and June, output
July 16. was 294 bcm, down 11.1% y/y.
This marks the first year-on-year decline in Production of associated petroleum gas
Russian LNG output in 2020. Rosstat did not (APG), released as a by-product at oilfields, was
disclose any reasons for the fall, although one of 7.4 bcm last month, down 1.1% y/y and 7.2%
the two trains at the 11mn tonne per year (tpy) m/m. It totalled 48.2 bcm in the first half of the
Gazprom-operated Sakhalin-2 LNG plant in the year, up 3.7%.
Far East went offline in mid-June for a month of Gazprom and Novatek followed other gas
scheduled maintenance. suppliers in making cuts to production after
Gazprom and privately run rival Novatek demand plummeted in March as coronavirus
have also been cutting gas exports this year (COVID-19) lockdowns were imposed around
in response to the collapse in global demand the world.
triggered by the coronavirus (COVID-19) Gazprom’s European sales were weak even
pandemic. before coronavirus restrictions were put in
A total of 2mn tonnes of LNG was produced place, owing to warm weather, high levels of gas
by Russia last month, which also represented a in storage and competition from LNG suppliers.
20.8% decline on the amount in May. Production Its sales to European customers slumped 17%
over the first six months of the year was up 7.2%, y/y in the first quarter, to 51.6 bcm.
however, at 15.4mn tonnes. Novatek suffered a 30.4% drop in interna-
Russian LNG production surged by 47.7% tional sales in the second quarter, to 4.92 bcm.
last year to 29.5mn tonnes, on the back of the The company sells most of its gas in China
launch of Yamal LNG’s three 5.5mn tpy trains and other Asian markets, some of which were
between late 2017 and late 2018. badly affected by measures to prevent the
Russia’s overall dry gas production totalled virus’ spread.™

Week 29 24•July•2020 www. NEWSBASE .com P17