LNG Unlimited LNG JOURNAL PUBLICATION 17 November 2020 French shipping line CMA CGM begins new era for European LNG bunkering UNLIMITED Marseille-based firm AGENDA starts fuel operations ENGINEERING in Rotterdam for its growing LNG-fueled fleet Japan’s JGC says LNG Canada is LNG News Editor progressing as other contracts expected The bunkering programme has started in the port of Rotterdam 2 for France-based container group CMA CGM with its first vessel, one PROJECTS of 26 the Marseilles shipping line has ordered, being refuelled after arriving on its maiden voyage from Dutch port will be main provider of LNG for container- Asia. The CMA CGM group pro- late head of CMA CGM after whom The bunkering vessel in the gramme to operate a new class of the newly-bunkered vessel is Rotterdam operation, the “Gas LNG-powered vessels is now well named. Agility”, is currently the largest in Kosmos venture for underway with the “CMA CGM “As well as being reliable, LNG the LNG fuel sector. CMA CGM has Mauritania-Senegal FLNG is advancing Jacques Saade” receiving fuel on is the best available technology a contract with French energy amid output boost November 12. for significantly improving air major Total for LNG bunkering for quality and contributing towards its container fleet. 3 Key role tackling global warming,” added The “Gas Agility” is owned The Port of Rotterdam will play Saadé. by Japanese shipping company CORPORATE a key role in refuelling the LNG- In November 2017, CMA CGM Mitsui OSK Lines and chartered Air Products reports powered fleet, which will operate made the decision to order the to Total. rise in full-year profits regular services between Asia and first nine Ultra Large container- The “Gas Agility” has a capac- amid major LNG Europe. ships with an LNG power supply, a ity of 18,600 cubic metres and is contract awards Following a record order for first in the history of the shipping equipped with a GTT Mark III Flex 5 nine 23,000 twenty-foot equiva- industry for vessels of this size. membrane tank. lent unit containerships, including “This pioneering fleet is the The Japanese shipping line has CONTRACTS the “CMA CGM Jacques Saade” and product of seven years of research chartered the ship to Total’s affili- McDermott wins the recently delivered “CMA CGM and development efforts. It will ate, Total Marine Fuels Global FEED services Champs Elysees”, the group now operate on the Group’s iconic Solutions. contract for ’s operates seven LNG-powered con- French Asia Line connecting Asia The Total unit and MOL signed Ichthys LNG tainerships and will have a fleet of with Europe,” said CMA CGM. the Charter Party for the “Gas 6 26 containerships of various sizes “The line provides a weekly Agility” before construction began by 2022. service comprising 13 calls over 84 in November 2018 at Hudong- EARNINGS “The energy transition has well days. These nine vessels will be Zhonghua Shipbuilding’s yard near Cheniere Energy posts and truly started at CMA CGM,” registered on the International Shanghai in China. loss but expects global said Rodolphe Saadé, Chairman French Register (RIF),” it added. The bunkering ship was deliv- market to continue and Chief Executive of the ship- The vessels of the 23,000 TEU ered in April 2020 and meets the gradual recovery ping line. first series are 400 metres in highest technical and environmen- 7 “”Our flagship is powered using length, 61m wide, 78m tall and tal standards, using LNG herself as and by 2022, with a 16m draught. propulsion fuel, and integrating a AGREEMENTS our LNG-powered fleet will be 26 “The LNG tank is a key part complete re-liquefaction of the strong,” he added. of these vessels. Its 18,600 cubic boil-off gas. Abu Dhabi LNG plant “Through this initiative we are metres of stainless steel evokes The ship will serve in the signs short-term directly addressing the environ- a truly industrial cathedral with northwest Europe market for ship- supply deals with Vitol and Total mental challenges we are faced exceptional volumes,” said CMA to-ship LNG bunkering. with,” explained Saadé, son of the CGM. n 9 2 l NEWS LNG Unlimited 17 November 2020 Japanese engineer JGC reports LNG Canada progress and hopeful of work in Qatar and Oman LNG News Editor Arabia and a new oil refinery mod- JGC Holdings Corp. of Japan, one ernization in Iraq. of the leading global LNG engi- “The operating results are in neering companies, reported a 12 line with the full-year forecast. percent drop in quarterly profits We have an unchanged outlook because of market challenges, concerning the impact of Covid-19 though reported good progress on on construction profitability,” said the LNG Canada project in British JGC. Columbia and was hopeful of new “Our strong financial base is contracts in Qatar and Oman. maintained,” it added. JGC reported fiscal second- In its outlook for the rest of the LNG Canada’s main camp for site workers at Kitimat quarter profits of 3.9 billion yen fiscal year, JGC said the market ($36.16 million) compared with declined to 199.4Bln yen ($1.89Bln) its Asian partners. JGC’s joint ven- environment remained uncertain. $4.4Bln yen in the same three from 218.3Bln yen in the prior- ture engineering partner is Fluor “We will focus on projects months a year ago. year period. Corp of the US. likely to proceed and aim for fur- JGC noted that the slowdown “Our progress included the in- ther growth. Several expected Leader in the industry caused by Covid- sertion of piling and the comple- projects have been postponed The company, based in Yokohama, 19 and the oil prices slump had tion of the shipment to the site to next fiscal year,” said the has been an industry leader in led to delays in final investment near Kitimat of major equip- company. the construction of LNG produc- decisions. ment,” said JGC. “It will be difficult to attain tion plants in countries such as Its outstanding LNG contracts The company’s other ongoing the target. To lay the groundwork Australia, Malaysia, Qatar and in progress amounted to 555.5Bln project is the Coral Floating LNG for the future, we will focus on Russia. yen ($5.28Bln) and included LNG contract offshore Mozambique for securing FEED orders for projects JGC’s quarterly net sales also Canada for Royal Dutch Shell and Italian energy company Eni. materializing in the next fiscal JGC said it was still hopeful for year onward,” it stated. contract awards in the months JGC Holdings said in September Our progress included the insertion of piling ahead for the Qatar LNG expan- 2020 that it had brought in struc- “ sion and the LNG bunkering pro- tural reforms and is seeking to en- and the completion of the shipment to the ject in the Sultanate of Oman in hance competitiveness of its site near Kitimat of major equipment the Arabian Peninsula. overseas engineering operations -” JGC Non-LNG work includes a gas by streamlining project execution. separation plant contract in Saudi n

Chiyoda Corp boosts profits amid advances in Tangguh expansion and Golden Pass LNG

Chiyoda Corp., the leading “Cameron LNG’s third and final export ventures. This first is the ter of 2021,” said Chiyoda. Japanese energy and liquefied Train was completed in July 2020, Tangguh LNG expansion in the BP- Chiyoda is also part of the con- natural gas engineering company, and the project was successfully operated Indonesian liquefaction sortium transforming the existing said revenues fell while profits handed over to the customer,” plant, where Chiyoda is working Golden Pass LNG import terminal rose as it completed its work on said Chiyoda. with two partners, of Italy in Texas into an export plant for the US Cameron LNG plant in The Japanese company said it and local firm Tripatra. Qatar Petroleum and ExxonMobil. Louisiana, while proceeding with expected final investment deci- The Tangguh venture, including It estimated that Golden Pass two other projects, Golden Pass in sions for large-scale overseas pro- the building of a third Train, was was 19 percent complete as engi- Texas and the Tangguh LNG expan- jects in the second half of this 88 percent complete. neering, procurement and site sion in Indonesia. fiscal year. Offshore gas production facili- construction continued. Fiscal second-quarter revenues Chiyoda forecast full year-end ties in the Papua Barat Province of Its engineering partners are US fell to 161.5 billion yen ($1.54Bln) revenues of 280Bln yen, up 58 per- Indonesia are also being modified companies Zachry Group and Mc- from 174.9Bln yen in the same cent and profits rising 83 percent and a Train with liquefaction ca- Dermott International and the three months of 2019. to 7Bln yen compared with the pacity of 3.8 million tonnes per three expect to complete the Profits in the quarter rose to previous fiscal year. annum is under construction. plant by 2025. 5.8Bln yen ($55.5 million) from Chiyoda noted that it was cur- “The scheduled completion n 4.8Bln in the year-ago period. rently involved in two ongoing LNG date for Tangguh is the third quar- 17 November 2020 LNG Unlimited NEWS l 3 Petronet LNG Kosmos says the Mauritania-Senegal names Kumar project is advancing amid output boost Singh to be LNG News Editor the new CEO Kosmos Energy, the US shareholder Petronet LNG, the largest In- in the floating LNG projects offshore dian importer and owner of two the West African nations of Mauri- regasification terminals on the tania and Senegal, said in its third- West Coast, has named Indian quarter earnings that the ventures Oil Corp. director of pipelines were making good progress, while Akshay Kumar Singh as its new the company posted a net loss. Chief Executive as the nation Kosmos is developing FLNG pro- expands its LNG and natural gas duction under the Greater Tortue The FLNG hull ‘Gimi’ is being converted in Singapore pipeline infrastructure. Ahmeyim project with UK major Chief Executive Andrew G. Inglis. expansion to 5 million tonnes per “The board of directors of BP and in the three months to the “The operator (BP) has put sig- annum of LNG output and leverag- PLL has selected Shri Akshay end of September 2020, the Dal- nificant effort into optimizing ing all the major infrastructure Kumar Singh for the post of MD las, Texas-based company gener- Phase 2, which we believe is now from Phase 1, capital costs for and CEO at its board meeting ated a net loss of $37 million the most competitive brownfield Phase 2 have been reduced and held on 4th of November 2020,” versus a $16.06M profit in the LNG expansion globally,” said Inglis. the expected returns from the said a brief Petronet statement. year-ago quarter. “With the prospect of en- project enhanced. Akshay Kumar Singh replaces hanced future returns, now is not To fund its current Mauritania- Prabhat Singh who completed Revenues the optimal time to reduce our in- Senegal FLNG interests, Kosmos has his five-year term on Septem- The Kosmos nine-month losses rose terest in the project and we have established a financing path for its ber 13, 2020. to $419.54M compared with a loss of established a financing path which capital obligations to first gas. The new CEO was an execu- $20M in the same period of 2019. Its funds Kosmos's capital obligations “Kosmos and BP are engaged in tive director at state-owned gas third-quarter revenues were $225M, to first gas,” he revealed. the sale of the floating production utility former Gas Authority of or $41.05 per barrel of oil equiva- “This enables Kosmos to retain storage and offloading (FPSO) unit India (GAIL) before joining the lent, and production expenses its current equity stake through to to a Special Purpose Vehicle (SPV) Indian Oil board in 2018. came to $84M, or $15.39 per boe. production. With lower costs and which we plan to close in the first Indian Oil developed the na- “In Mauritania and Senegal, the an improving LNG market back- quarter of 2021 for the capital tion’s first East Coast import partnership continues to make drop, the Tortue project is ex- costs paid so far, which total ap- terminal at Kamarajar Port in good progress with Phase 1 of the pected to provide an excellent proximately $160M net, and with Tamil Nadu, previously called Tortue project expected to be return on investment for Kosmos,” the FPSO leased back to the pro- Ennore, and located about 25 around 50 percent complete by stated the CEO. ject,” said Kosmos. kilometres north of Chennai. year-end,” explained Chairman and Kosmos added that by targeting n The Kamarajar LNG facility was built to supply chemical and fertilizer plants and was inaugu- Woodside-BHP moves on Scarborough rated in March 2019 by Indian Prime Minister Narendra Modi. gas licences and investment decision date New Petronet CEO Kumar Woodside Petroleum, the Aus- WA-1-R and WA-62-R titles result- per annum of output. The overall Singh is a mechanical engineer tralian LNG plant operator and in- ing in Woodside holding a 73.5 per- Burrup Gas Hub also involves by training. ternational commodities company cent interest and BHP holding a bringing Browse Basin gas to the He graduated from Muzaf- BHP, are advancing with their 26.5 percent interest in each title. Woodside-operated North West farpur Institute of Technology, a Scarborough gas field project to Woodside Chief Executive Peter Shelf liquefaction facility, expand- public and co-educational engi- underpin the Burrup Gas Hub Coleman said the Scarborough ing the lifespan of its five Trains, neering college in Muzaffarpur planned for Western Australia. Joint Venture intends to accept helped by feed-gas flows on the in East India’s Bihar state. Wood said the Scarborough the production licences, demon- Pluto LNG-Karratha Gas Plant He also earned a post-gradu- Joint Venture had received offers strating the “strong commitment” Interconnector. ate degree from South Gujarat for the granting of petroleum pro- from both partners and the State “The impacts of Covid-19 and University and has 34 years of duction licences in respect of the and Federal Governments to take the ensuing volatility in market experience in the oil and gas WA-1-R (Scarborough) and WA-62- the project forward. and investment conditions have industry. R (North Scarborough) titles from The Scarborough gas field con- provided us with an opportunity to The selection of Singh from the Commonwealth and Western tains an estimated contingent re- review options for the Scarborough a list of around 10 candidates Australian Joint Authority. source (2C) dry gas volume of 11.1 development, allowing us to im- puts him at the forefront of the This follows an agreement trillion cubic feet. prove execution certainty and in- sector at a time of planned reached between Woodside and Scarborough gas will be used crease the value of this world-class expansion. BHP in February 2020 to align their for Woodside’s Pluto LNG plant’s resource,” explained Coleman. n participating interests across the second Train with 5 million tonnes n

17 November 2020 LNG Unlimited NEWS l 5 US LNG equipment-maker Air Products NEWS NUDGES reports rise in fiscal full-year profits and notes major contract awards in 2020 US plant progress LNG News Editor Venture Global said the first two liquefaction Trains for the US LNG equipment-maker and company’s Calcasieu Pass LNG provider Air Products posted a rise export facility in Cameron of 7 percent in fiscal full-year net Parish in Louisiana had arrived. income to $1.93 billion as it was The optimized Trains, each with awarded three major LNG con- 600,000 tonnes of capacity, tracts for plants in Mozambique in were less than 15 months after southeast Africa, Qatar and Algeria. the project’s final investment The company fiscal fourth- decision. The Trains and mixed- quarter sales amounted to $2.3 refrigerant compressor skids billion, increasing 2 percent, were shipped to Louisiana from though full-year sales were down the Baker Hughes fabrication 1 percent to $8.9 billion. Sonatrach’s LNG facility at Arzew on Mediterranean coast site in Avenza, Italy. Each Train, delivered complete and Ventures 19 environment, the Air Products This concerns a deal signed in ready to install, was success- During the Air Products fiscal team around the world demon- conjunction with ACWA Power of fully unloaded, transported fourth quarter net income de- strated its commitment by keep- Saudi Arabia and a new smart city onto the Calcasieu Pass site and clined by 5 percent to $495 million ing our plants running, supplying planned in the Kingdom for the positioned on its foundations. compared with $518.7M in the customers with essential products world-scale green hydrogen-based same quarter of 2019. and improving our profitability,” ammonia production facility pow- Korea LNG The LeHigh Valley, Pennsylva- said Chairman, President and ered by renewable energy. launch nia-based company said that Chief Executive Seifi Ghasemi. The smart-city project was first The South Korean energy sub- among its earnings highlights were “I would like to thank all of our announced in 2017 and takes its sidiary of steelmaking con- its big LNG contract wins. more than 19,000 employees for name from the location Neom, a glomerate Posco has begun Among them, Air Products was their unwavering commitment to proposed cross-border city in the operating its new liquefied selected to supply the LNG process keep Air Products operating suc- Tabuk Province of northwest Saudi natural gas supply business. technology and equipment for cessfully during these difficult Arabia. The event was marked by a Mozambique’s first onshore LNG times, which we expect to con- It is planned to incorporate ceremony at the company’s production plant at Pemba in the tinue during 2021,” added smart-city technologies and also Kwangyang LNG import termi- nation’s northeast Cabo Delgado Ghasemi. function as a tourist destination. nal in Jeolla province. The ter- province. “We were proud to announce The site is near the Red Sea and minal has previously supplied It was also chosen by Qatargas landmark gasification and hydro- the borders of Egypt and Jordan. LNG only to the parent steel- for the massive LNG production gen for mobility megaprojects to Air Products will build and op- making company since 2005 expansion project at Ras Laffan meet the world’s increasing en- erate the ammonia plant as part when a commissioning cargo and by Algerian energy company ergy needs and move us all to- of the Neom city project. was shipped from Oman. Sonatrach to supply equipment to wards a better future,” he stated. This Saudi technology hub also its GL1Z LNG facility in Arzew on The Industrial Gases-Americas aims to attract other foreign in- China shale the Mediterranean coast. division saw fiscal fourth-quarter vestors to the area. As part of gas boost Air Products also began con- sales of $912M, down 3 percent this, it will use a different legal China Petroleum and Chemical struction for Dutch utility Gasunie from the prior-year period. and tax system to the rest of the Corp. (Sinopec), a shareholder of three nitrogen plants to condi- Industrial Gases sales for Eu- country. in the Australia-Pacific LNG tion imported natural gas for its rope, the Middle East and Africa in Air Products will jointly own plant in Queensland operated national energy project. the quarter amounted to $505M, the plant with the Neom project by ConocoPhillips, said it added The company additionally won up 3 percent year-on-year. and ACWA Power. It plans to com- 83 billion cubic metres of newly on-site supply contracts with next- The quarterly sales of the In- mission the facility in 2025. proven domestic natural gas generation electronics manufac- dustrial Gases-Asia division came The joint venture project is the reserves at the Chuanxi field in turers in China and Malaysia. to $714M, down 2 percent from first partnership for Neom with China’s onshore Sichuan Shale During the quarter Air Products the same three months in 2019. leading international and national basin. “The reserves, certified executed a successful debt offer- Air Products also noted that it partners in the renewable energy by the Chinese Ministry of Natu- ing of in two tranches for $5 bil- had announced the $7-billion field and Air Products has said it ral Resources, raise the field’s lion, supporting significant Neom project, which will enable would be a cornerstone for its total proven resources to opportunities to invest in high- Air Products to supply carbon-free strategy to become a major player 114 Bcm. return industrial gas projects. hydrogen to power buses and in the global hydrogen market. n “Despite the challenging Covid- trucks around the world by 2025. n 6 l NEWS LNG Unlimited 17 November 2020 McDermott of US wins engineering contract for Inpex-operated Ichthys project offshore work LNG News Editor Inpex is operator of the on- shore Ichthys plant at Bladin Point US engineering company McDer- near Darwin in Australia’s North- mott International was awarded a ern Territory. contract to provide front-end en- The company also has a stake gineering and design services for in Royal Dutch Shell’s Prelude the Ichthys liquified natural gas FLNG project offshore northwest field development of Japanese Australia, as well as the planned energy firm Inpex Corp. offshore development of an onshore plant Western Australia. in Indonesia. The Houston, Texas-based com- The Australian Ichthys plant pany said the award was for a came on stream in 2018 and pro- booster compression module with duces almost 9 million tonnes per optional engineering, procurement Inpex processing facility in offshore Ichthys gas field annum of LNG from two processing and construction (EPC) for the Trains. project. Prescott, McDermott's Senior Vice as being involved in the US Gulf Shares in Ichthys LNG held by President, Asia Pacific. Coast LNG export plant build-out. Inpex amount to around 66 per- Compression “Our work to date demon- McDermott is also undertaking cent of equity, while French major The booster compression module strates our qualifications to de- subsea umbilicals, risers and Total has 26 percent. will be added to the Ichthys LNG liver smart solutions in challenging flowlines (URF) as part of an ex- Micro-stakes are additionally central processing facility, located environments - and to the highest pansion of the existing Ichthys held by customers CPC Corp. of offshore the northwest coast of safety and technical standards,” LNG facilities. Taiwan and Japan’s main utilities Western Australia. stated Prescott. Engineering will be completed and LNG buyers, JERA Co. Inc., “This award illustrates McDer- McDermott has been a long- in McDermott's Asia-Pacific head- , , Kansai mott's continuing expertise in standing operator in the Asia- quarters in Kuala Lumpur, Malaysia, Electric and Toho Gas. complex offshore EPCI,” said Ian Pacific energy market as well and was already underway. n

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LNG JOURNAL Monthly Online + optional print magazine LNG UNLIMITED Online every Tuesday + PDF GAS TO POWER JOURNAL Online every Friday + PDF LNG MARKET TRACKER Online every Wednesday + PDF LNG SHIPPING NEWS Online every second Thursday + PDF Subscription Contacts For new subscriptions or general LNG MONTHLY MARKETS Online Monthly + PDF subscription queries please contact: LNG CHINA Online every second month + PDF Stephan Venter LNG NORTH AMERICA Online every second month + PDF +44 207 017 3407 LNG FUELLING Online every quarter + PDF [email protected] DAILY UPDATES and Newsletters To renew an existing subscription Sign up now for an Online Subscription at only US$950; €725 or £595 or to upgrade your package, please contact: Discount options are available for multi-users Gabi Weck Contact us for more information or to arrange a free trial [email protected] 17 November 2020 LNG Unlimited NEWS l 7 Snam of Italy LNG exporter Cheniere Energy reports higher reports loss but expects rebound earnings and LNG News Editor lower demand Cheniere Energy, owner of the Italian natural gas network op- Sabine Pass LNG export plant in erator Snam, one of Europe’s Louisiana and the Corpus Christi leading energy infrastructure facility in Texas, reported a third- companies and operator of two quarter net loss of $463 million LNG import terminals, reported and 33 percent lower revenues of an almost 4 percent rise in nine- $1.46 billion while shipping half as month revenues to €2.03 billion many cargoes as in the prior-year ($2.40Bln) even as natural gas quarter. demand dropped because of Cheniere despatched 55 car- Covid-19 lockdowns. goes in the third quarter versus Snam, whose name comes 108 shipments in the same three from Societa Nazionale Metan- months of 2019 as cargoes were CEO Fusco said revenues held up against hurricane and odotti (National Pipeline Com- cancelled because of the eco- other challenges and he expects market to rebalance pany), operates the gas grid and nomic slowdown caused by the two Italian LNG import termi- Covid-19 pandemic and hurricane ported from our liquefaction of September, Cheniere reported nals, the “FSRU Toscana”, disruptions. projects,” said the company. net income of $109 million and moored 22 kilometres off the “In August and September consolidated adjusted gross earn- Italian coast between the cities Volumes 2020, we coordinated across our ings of around $2.9 billion. of Livorno and Pisa, and the on- For the first nine months of 2020, liquefaction facilities and with our “During the three and nine shore Panigaglia facility in the Cheniere’s cargo numbers fell 13 counter-parties to fulfil all of our months ended September we rec- northwest near Genoa. percent to 261 shipments com- commercial obligations despite ognized $171M and $932 million, The company said its termi- pared with 299 cargoes in the the operational impacts of Hurri- respectively, in revenues associ- nals handled 51 LNG carrier de- same period last year. cane Laura, which included a tem- ated with LNG cargoes for which liveries in the first nine months The Houston, Texas-based com- porary suspension of operations at customers notified us that they versus 49 shipments in the same pany said that since Sabine Pass the Sabine Pass plant,” it added. would not take delivery, of which period of 2019. began operations in February 2016 After the earnings report pe- $47M would have otherwise been Snam, which additionally has it had sent out more than 1,250 riod, in October 2020, Cheniere recognized subsequent to Septem- growing investments in other Eu- LNG cargoes as of the end of Octo- said that as part of the commis- ber 2020, if the cargoes were ropean Union grids and overseas, ber 2020. sioning process feed-gas was intro- lifted pursuant to the schedules reported adjusted nine-month “These shipments amounted to duced to Train 3 at the Corpus with the customers,” explained gross earnings of €1.67Bln, up more than 85 million tonnes of Christi plant. Cheniere. 0.5 percent from 2019. LNG produced, loaded and ex- For the nine months to the end n Adjusted net profit was re- ported as €873 million, a 0.7 percent increase on the 2019 figure of €867M. Tellurian says market brightening The company praised its staff for dealing with the Covid-19 and quarterly losses are narrowing crisis and retaining nationwide Tellurian Inc., the developer of a assets had dropped to $293 million on-year and the Japan-Korea- energy security. Gulf Coast plant in Louisiana with at the end of September 2020 Marker prices proves the market “From the very early days, an associated pipeline and offering from $382.32M at the end of 2019. rebound, with LNG imports back Snam secured its control rooms, partners cargoes at $3.50 per mil- Tellurian is developing a portfolio above 2019 levels in September- plants and territorial offices to lion British thermal units, said the of natural gas production, LNG trad- October,” said Tellurian in its guarantee the country’s normal Asian market was rebounding as its ing, and infrastructure that includes November presentation to accom- operations and energy security,” own third-quarter losses narrowed. the Driftwood LNG export plant pany the earnings statement. said the company. Tellurian’s third-quarter net near Lake Charles with around 27 The Houston, Texas-based com- Snam stated that in the first loss narrowed to $29.46 million million tonnes per annum of output. pany currently has Haynesville nine months of the year, demand from $39.60M in the same three The company, listed on the shale gas assets of 1.2 trillion for natural gas in Italy totalled months of 2019. Nasdaq global exchange, was up- cubic feet of resources and 46 mil- 49.77 billion cubic metres, However, nine-month losses beat about the recovery of the lion cubic feet per day of output. which was 8.5 percent (4.59 widened to $119.04M compared LNG global market. Tellurian explained in the brief- Bcm) less than in the same with $114.22M in the same period “China and India LNG imports ing that it holds 10,067 net acres period last year. last year. up 10 percent and 15 percent re- in the Haynesville Shale. n Tellurian said the value of its spectively through October year- n AN UNRIVALLED VIRTUAL GATHERING OF THE WORLD’S LNG LEADERS

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WLNG20 VIRTUAL FULL PAGE ADVERT.indd 1 28/10/2020 10:51 17 November 2020 LNG Unlimited NEWS l 9 United Arab Emirates LNG plant in Abu Dhabi signs supply agreements with Vitol and Total LNG News Editor supplied to a range of customers in about eight countries in Asia. Abu Dhabi National Oil Company’s Fatema Al Nuaimi, Chief Execu- LNG unit has signed a supply tive of Adnoc LNG, said her com- agreement with global commodi- pany was pleased to partner with ties company Vitol for the sale of both Vitol and Total on these 1.8 million tonnes per annum of major deals as they would create cargoes for six years and another reliable, long-term benefits for two-year deal with French major Adnoc and the shareholders. Total for 750,000 tonnes. “Through collaboration and by “We are proud to conclude an- Adnoc’s Das Island plant shipped its first cargo in 1977 adopting a partnership approach, other significant milestone with we are driving new growth oppor- Adnoc, an important partner Abu Dhabi International Petroleum and strengthens our long-standing tunities for Adnoc and are maxi- across key business areas,” said Exhibition and Convention relationship with Adnoc LNG,” said mizing the value of our nation’s Pablo Galante Escobar, Vitol’s (ADIPEC) taking place in the Thomas Maurisse, Total’s Senior resources,” she stated. Head of LNG. United Arab Emirates. Vice President for LNG. “These agreements demon- Adnoc LNG produces about 6 The UAE is the longest-standing strate the success of our commer- Secure volumes MTPA of LNG from its liquefaction LNG exporter in the Middle East cial strategy in unprecedented “For Vitol LNG, this most recent plant on Das Island off the coast of and shipped its first cargo in 1977. times and confirm the market’s development strengthens our abil- Abu Dhabi. Since 2019, Adnoc LNG has growing confidence in demand for ity to ensure diverse and secure Adnoc’s stake in the liquefac- been adopting a multi-customer natural gas,” explained Al Nuaimi. supply to our customers around tion company is 70 percent while strategy after previously sending “LNG is a fuel that can support the world,” he stated. Japan’s Mitsui & Co owns 15 per- 90 percent of its volumes to the transition to clean energy, es- Vitol’s volumes will be supplied cent, BP of the UK 10 percent and Japan. pecially in many Asian markets post-2022 and Total’s two-year Total 5 percent. This has been reversed as long- where switching to gas will result deal will cover 2021 and 2022 LNG “This new supply agreement term contracts expired and only in significant environmental volumes. contributes to the growth and 10 percent of output is now gains,” she said. The deals coincided with the flexibility of Total’s LNG portfolio shipped to Japan and 90 percent is n Chinese natural gas distribution company Foran Energy signs US LNG supply deal with Cheniere

Foran Energy Group, the Chinese linked to the US natural gas off. We think this as a whole cadre lenging period in the market and natural gas distribution company benchmark Henry Hub price. of companies that we can engage look forward, we continue to be in the south of the country, has This is the first formal US- with for years and look forward to bullish about the way the market signed a framework liquefied nat- China LNG supply agreement since continued success and continued is rebalancing the strength of LNG ural gas supply agreement with trade disputes broke out between traction there,” stated the Che- demand recovery and the longer- US exporter Cheniere Energy, the two nations. niere executive. term prospects for natural gas and owner of the Sabine Pass plant Initial talks had previously The Cheniere CCO also spoke LNG as key parts of the global en- in Louisiana and Corpus Christi taken place between Cheniere and about the challenges caused to ergy transition,” Feygin declared. facility in Texas. China Petroleum & Chemical Corp, the sector as a whole by Covid-19 The Cheniere executive said Under the agreement, Foran known as Sinopec, on LNG supplies and the oil price slump. global LNG supplies were at their Energy said it would purchase up but an agreement was never “The LNG industry has faced highest in 2020 in the first quar- to 26 cargoes between 2021 and signed. some exceptional circumstances in ter with production falling over 2025. The deal was concluded dur- Cheniere Executive Vice Presi- 2020 and has responded with flexi- the course of the summer to ing the third annual trade fair in dent and Chief Commercial Officer bility and resilience,” he said. below year-ago levels by the third Shanghai, which was started by Anatol Feygin confirmed the China “These factors continued to quarter. President Xi Jinping to showcase supply deal during the Houston, unfold in the third quarter, rein- “In Europe, lower volumes of Chinese industry and give opportu- Texas-based company’s third-quar- forcing the message and validating Russian pipeline gas was the nities for foreign exporters to find ter earnings conference call with the ability of our industry to re- biggest factor helping the region customers. analysts. spond to market conditions in an rebalance during the third quarter Foran Energy, whose operations “It’s in a great market in South orderly systematic manner, thanks as pipeline exports to Europe de- are centred in Guangdong China that we can access and con- in large part to the flexibility of creased by over 2 billion cubic feet Province, said the prices of the tinue to support,” Feygin said. US LNG,” he explained. a day year-on-year,” said Feygin. shipments from Cheniere would be “We do not see this as a one- “As we move through this chal- n BRIGHTER FUTURE COOLER BY DESIGN™

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