Page 13 - AsianOil Week 09

AsianOil
NEWS IN BRIEF
AsianOil
SOUTHEAST ASIA
Pertamina to supply LNG to gas-fired power plants
In supporting national electricity and realizing the optimal use of national natural gas, Pertamina through subsidiary Perusahaan Gas Negara (PGN) will gasify 52 power plant locations with a total capacity of around 1.8 Giga Watt.
This cooperation is stated in the HoA (Heads of Agreement) between Pertamina and PLN to run the PLN gasification program by providing regasification of LNG.
The signing of the HoA was carried out by Pertamina’s Managing Director, Nicke Widyawati and PLN’s Managing Director, Zulkifli Zaini in Jakarta today.
“ With this collaboration, it will increase domestic gas absorption, which is a real commitment from Pertamina to contribute to the use of energy mix,” said Pertamina President Director Nicke Widyawati.
According to Nicke, the scope of the HoA includes the supply of LNG infrastructure and supplies where the cost of providing electricity is lower than High Speed Diesel (HSD). For this reason, he continued, Pertamina has appointed and assigned PGN as a gas subsidiary for the supply of LNG supplies and infrastructure for the PLN power plant since February 2020.
Implementation of the supply of LNG supply and infrastructure for 52 PLN power plant points will be carried out in four stages from Sumatra to Papua. PGN continues to coordinate, harmonize activities and cooperate in the use of assets or facilities, in the context of accelerating gasification.
The program will be carried out in stages, starting from the first phase with a capacity of 430 Mega Watts in the Krueng Raya, Nias,
Gilimanuk, Tanjung Selor, Sorong and Jayapura areas in 2020.
Furthermore, Nicke added, the gasification program will be carried out with a clustering consisting of Bali Nusa Tenggara cluster, Pontianak, Sulawesi and Maluku Papua.
The implementation of this program can provide benefits in the form of potential savings from HSD to gas conversion of around Rp 3 trillion per year. At a macro level, the program is expected to provide a multiplier effect on economic growth, especially in the industrial sector at 52 locations.
PERTAMINA, February 27, 2020
Cue updates on Indonesian PSC equipment tender
Cue Energy Resources advises that through its 100% subsidiary, Cue Mahato, it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC.
The tender was released by Texcal Mahato EP Ltd (Texcal), the PSC operator, in Indonesia’s Republika newspaper on 21 Feb 2020 and calls for companies to provide the following services for one year: Rental of oil and gas production equipment with a capacity of 5000 bfpd; procurement, construction and installation
of supporting facilities, and operation and maintenance of production facilities.
As previously disclosed, two wells have recently been drilled in the Mahato PSC.
The operator and other joint venture parties
are claiming to have excluded Cue from participation in these operations. These claims are disputed by Cue as having no basis under the Joint Operating Agreement (JOA). Discussions between Cue and Texcal are ongoing to attempt to resolve these issues. Cue is evaluating all available options and is asserting all its legal
rights under the JOA. Cue is not receiving full information from the Operator as required under the JOA.
The Company will keep the market informed of any material developments on this matter, subject to any Indonesian regulatory requirements.
CUE ENERGY RESOURCES, February 25, 2020:
EAST ASIA
MOL, DSME obtain AIP for FSRU design
Mitsui O.S.K. Lines (MOL) and Daewoo Shipbuilding & Marine Engineering (DSME) have jointly obtained approval in principle (AIP) from Bureau Veritas for the design of
a new cold energy use regasification system, Cryo-Powered Regas, for floating storage and regasification unit (FSRU).
MOL and DSME have been jointly developing this Cryo-Powered Regas system to enhance fuel consumption efficiency and reduce CO2 emission of FSRU.
For the Cryo-Powered Regas system, a cold power generation technology based on Organic Rankine Cycle will be implemented in the FSRU regasification process.
The Cryo-Powered Regas system, which MOL and DSME obtained the AIP this time, will enable to utilize the LNG cold energy as power generation by adopting the Organic Rankine Cycle in the FSRU regasification process. The system is targeted to reduce the fuel gas consumption and CO2 emission for FSRU approximately 50% by recovering approx. 70% of the power consumption in the regasification process at maximum rated regas flow rate.
Organic Rankine Cycle system itself is a proven technology that has been utilized in multiple onshore LNG terminals for around 40 years. This will be however the world’s first case to adopt the system for FSRU.
MOL, March 3, 2020
Samsung Heavy receives
order to build three shuttle
tankers
Samsung Heavy Industries disclosed in a regulatory filing that it had won a contract to build three Suezmax shuttle tankers with an Asian ship owner on February 28, equivalent to USD 300 million (KRW 361 billion). These ships will be delivered by July 2022.
In 1995, SHI became the first Korean shipbuilder to construct a shuttle tanker. It currently boasts the larget market share in the
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