LNG Unlimited LNG JOURNAL PUBLICATION 24 November 2020 Technip Energies enhances value with latest notice to proceed on Mexican LNG UNLIMITED AGENDA The Costa Azul project is example of early-stage SHIPPING involvement by the firm to qualify for EPC work Teekay Partners reports income fall LNG News Editor but most vessels now fixed for 2021 Technip Energies, the LNG and en- ergy project contract division of 2 TechnipFMC, the Franco-US com- pany, received a notice to proceed IMPORTS for its Costa Azul LNG engineering, Hoegh LNG resumes procurement and construction China imports with Plan is to install liquefaction capacity at mid-scale facility contract following the positive FSRU and Australia final investment decision taken by of the front-end engineering and ican border to serve the Costa and India are on cards of the US and its design. Azul LNG export venture. 3 Mexican subsidiary for the project “This project is fully aligned Sempra itself received autho- on the Pacific Coast of . with our selective approach rization in April 2019 from the US PROJECTS Technip said that Sempra LNG through very early stage involve- Department of Energy to export US- and the San Diego-based company’s ment,” said Arnaud Pieton, Presi- produced pipeline to Chinese Binhai Mexican unit, Infraestructura En- dent of Technip Energies within Mexico and to re-export it as LNG LNG venture sees ergética Nova (IEnova), gave the the TechnipFMC group. to countries that do not have a storage rise and go-ahead. “We look forward to bringing free-trade agreement with the US. tanks go to province our global project execution capa- The Technip Energies unit has 5 Compact bilities and our extensive LNG also been contracted for the Rus- EXPORTS “The project will add a natural track record to this exciting pro- sian Arctic LNG II project by Rus- gas liquefaction facility with ject,” he stated. sia's natural gas company Novatek, Latest US data nameplate capacity of 3.25 million The Technip Energies division’s operator of Yamal LNG. shows Pakistan tonnes per annum to the existing other recent project work has in- The TechnipFMC business with joining India terminal using a cluded Yamal LNG in Russia and offices in Houston and Europe was as top recipient compact and high efficiency mid- Italian oil and gas company Eni’s the result of a merger. 6 scale LNG design,” explained Coral South floating LNG project TechnipFMC, whose other busi- TechnipFMC. offshore Mozambique. ness comprises subsea and tech- FUEL SECTOR This addition will allow for “We are excited to continue to nology activities, had planned to Gasum signs deal natural gas liquefaction and LNG help unlock 's energy split again in 2020 but cancelled to supply LNG export capability at the Costa potential with ECA LNG Phase 1,” the move in March because of the to Equinor vessels Azul facility, which has been oper- said Justin Bird, CEO of another economic downturn. in the ARA region ating as a regasification terminal Sempra subsidiary, Sempra LNG. With the de-merger on hold 7 since 2008. “This project would be the first TechnipFMC has still overhauled its “ECA LNG is one of Sempra LNG export facility on the Pacific divisions with Onshore-Offshore MARKET LNG’s strategically located natural Coast of North America that can having been renamed Technip En- gas liquefaction infrastructure pro- help connect abundant natural gas ergies, in-line with the new scope jects currently in development in supplies from Texas and the West- of the business. North America,” noted TechnipFMC. ern US directly to markets in Mex- The company said in its most Sempra operates the Cameron ico and countries across the recent earnings that despite the LNG plant in Louisiana and is also Pacific Basin,” he explained. challenges and a softening of developing the Arthur lique- TC Energy, the Canada-based near-term LNG markets, the long- European LNG faction facility in Texas. pipeline company, asked US regu- term fundamentals for natural terminal operators TechnipFMC said it had been lators in December 2019 to in- gas, and LNG in particular, re- boosted by their TAP starting up involved in the Costa Azul project crease delivery capacity on its mained strong. since 2017, including the delivery North Baja Pipeline to the US-Mex- n 9 2 l NEWS LNG Unlimited 24 November 2020 Teekay LNG Partners reports fall in quarterly income but most vessels now fixed on charters LNG News Editor pandemic,” said Kremin. Teekay LNG Partners, whose gas “I am pleased to report that, group units own, charter or have with the reopening of many juris- stakes in 77 vessels, including 47 dictions during the summer months, carriers and we were able to successfully transi- 30 or tion nearly all of our crew members multi-gas vessels, reported lower across the fleet,” he added. third-quarter profits but was opti- The Teekay earnings report also mistic on the coming year. said that equity income and ad- Net income for the three justed gross income increased for months to the end of September the LNG segment of the business. ‘Marib Spirit’ was one of the ships to have contract extended dropped by around 15 percent to “The increase was primarily due $40.27 million versus $47.36M in repairs and maintenance expenses, He noted that during the quarter to the deliveries of three ARC7 LNG the same quarter of 2019. partially offset by lower net inter- Teekay LNG reduced its total net carrier newbuilds between August est expense and a decrease in gen- debt by nearly $95M, or 8 percent and December 2019 to the Yamal Voyage revenues eral and administrative expenses. on an annualized basis, and reduced LNG Joint Venture and commence- However, quarterly voyages rev- “We generated strong earnings total net interest expense by over ment of terminal use payments in enues were only marginally lower and cash flow again this quarter, $6M, or nearly 9 percent, compared January 2020 to the Bahrain LNG at $148.93M compared with despite a higher than usual number with the previous three months. Joint Venture,” said the company. $149.65M in the prior-year quarter. of scheduled dry-dockings,” said “We approach the end of the “These increases were partially After the end of the quarter Mark Kremin, President and Chief year with the confidence that we offset by lower earnings from the Teekay said that in October 2020, Executive of Teekay Gas Group Ltd. have already secured fixed-rate MALT Joint Venture (with Mitsubishi it extended the charter contract to “We expect our earnings and contracts for our LNG fleet cover- of Japan) as a result of lower char- early-2022 for the 52 percent-owned cash flows to increase in the fourth ing 96 percent of 2021, providing ter rates earned upon redeploy- LNG carrier, the “Marib Spirit”. quarter of 2020 and we continue to the Partnership with high fleet uti- ment of the “Arwa Spirit” and “The Partnership's LNG fleet is be on track to meeting the 2020 fi- lization and stable cash flows,” “Marib Spirit” during the second now 100 percent fixed for 2020 nancial guidance we provided ear- stated the CEO. quarter of 2020 and the “Methane and 96 percent fixed for 2021,” lier this year,” he added. “I want to thank our seafarers Spirit” in July 2020, and the recog- it added. “I’m also pleased to report and onshore colleagues for their nition of drydock hire revenue for The net income fall was at- that we are delivering on a num- continued dedication to providing the “Meridian Spirit” in the third tributed to more scheduled dry- ber of our strategic priorities,” safe and uninterrupted service to quarter of 2019,” added Teekay. dockings and higher planned continued Kremin. our customers during this Covid-19 n Flex LNG is back in profit and gives positive outlook with four new carriers now delivered Flex LNG, the growing Norwegian- $46,569 per day for the third quar- rora’ in July, ‘Flex Artemis’ in Au- during very challenging market con- listed fleet owner with 13 modern ter 2020 compared with $46,588 gust, ‘Flex Resolute’ in September ditions, despite significant spot ex- carriers, 10 now on the water and per day for the second quarter. and subsequent to quarter-end we posure and operational restrictions three other newbuilds, swung The company said it was confi- took delivery of ‘Flex Amber’ in caused by Covid-19,” said Kalleklev. back to profits in the third quarter dent that this TCE rate would soar October,” explained the CEO. “We are pleased that our vessels as four new vessels were delivered in the fourth quarter. “With these additions, our fleet have been operating with 100 per- from South Korean shipyards. “The gas prices have continued now consists of 10 state-of-the-art cent up-time, and that we have Flex reported quarterly net in- to strengthen during September large LNG carriers. All these new- managed to minimize extended stays come of $3.8 million compared with and October due to potential sup- builds have been secured on fixed on our vessels for our seafarers with a net loss of $6.7M in the previous ply tightening following the wave and variable charters, evidencing 32 crew changes conducted in the quarter and a profit of $468,000 in of US cargo cancellations, as well the attractiveness of our modern period May to October,” he added. the same three months of 2019. as supply disruptions at several efficient vessels,” stated Kalleklev. Kalleklev noted that during the Revenues amounted to $33.1M LNG plants,” said Flex. The CEO added that the trading autumn, both gas and freight mar- for the third quarter compared with Oystein M. Kalleklev, the Chief results were in line with the sec- kets had recovered, and Flex was $25.8M for the second quarter 2020 Executive of Flex LNG Manage- ond quarter and the company’s expecting its TCE to increase to and 29.8M in the prior-year quarter. ment, said the third quarter was guidance. $70,000-75,000 per day for the Flex logged an average Time “very eventful” for Flex. “We have thus been able to trade fourth quarter. Charter Equivalent (TCE) rate of “We took delivery of ‘Flex Au- our vessels at cash break-even levels n 24 November 2020 LNG Unlimited NEWS l 3 Oil Search Hoegh LNG resumes China imports and suggests an Australia and India FSRUs on cards altered PNG LNG News Editor LNG project Hoegh LNG, the Norwegian LNG The Papua New Guinea LNG ex- carrier fleet operator and floating pansion proposal to more than import terminal project developer, double current output could reported stable third-quarter prof- proceed with the single Papua its as one of its vessels resumed a Gas Agreement signed with the floating import role at the port of Government and consist of two Tianjin in northeast China, while new processing Trains instead of the company was also in line for three Trains. at least seven other ventures in India’s Jaigarh port in Maharashtra state set for 2021 start Oil Search, the PNG-based oil Australia, the Indian Subcontinent and gas company listed on the and the Philippines. offshore LNG terminal in the (AGL) project at Crib Point in the Australian Securities Exchange, During the quarter the “Hoegh Philippines, Hoegh was formally state of Victoria is continuing the made the suggestion at a brief- Esperanza” was located at the port invited to the final tender round environment effects statement ing for investors that the expan- at Tianjin, China, where it oper- for the FSRU in October. process which is expected to be sion could be simplified by using ated as a Floating Storage Unit. Hoegh said it was still hopeful completed during the first half the single Papua LNG feed-gas of other contracts in Australia. of 2021. resources agreement negotiated November start The Australian Industrial Energy In the Indian Subcontinent, by French major Total. “The vessel then started floating (AIE) project announced in October Hoegh added that it was currently Oil Search has a 22.8 per- storage and regasification unit that developer Squadron Energy involved in two FSRU projects cent share in the Papua LNG (FSRU) import operations again on was now the sole owner of AIE where it has exclusivity in one and feed-gas resources. the 31st of October 2020,” stated after having acquired the shares in is in a formal tender process for The company’s Chief Execu- Hoegh. the project of joint venture part- the other. tive Keiran Wulff said that Oil Hoegh said its primary objec- ners JERA Co. Inc. and Marubeni Hoegh has entered into a bind- Search should focus on PNG op- tive was to secure more long-term Corp. of Japan. ing commitment to supply H-En- erations and “simplify LNG ex- FSRU contracts by the end of 2021 “The agreements between ergy, part of the Indian Hiranandani pansion” with perhaps just the for all the units currently trading HLNG and AIE remain unaffected Group, with an FSRU at the port of Papua LNG resources taken into on short-term conventional carrier and in place,” said Hoegh. Jaigarh from as early as the first account for which there is al- contracts. “Hoegh has exclusivity for sup- quarter of 2021. Jaigarh is south ready a Gas Agreement with the The company said that after plying the FSRU for AIE’s Port Kem- of Mumbai in Maharashtra state PNG Government. being shortlisted in July 2020 as a bla gas terminal project,” it stated. in India. The P’nyang gas field re- bidder for First Gen Corp.’s interim Also in Australia, AGL Energy’s n sources, in which Oil Search is also a shareholder, have still not been the subject yet of a P’nyang Gas Agreement with the Japan’s LNG imports fall again led PNG government in talks led by ExxonMobil, operator of the PNG by as thermal coal is preferred plant and its two existing Trains. Japanese liquefied natural gas im- The October volumes amounted month and coal deliveries were The Oil Search CEO’s sugges- fell again last month after a to around 87 cargoes compared also up on the 8.51MT imported in tion came at the annual in- brief rebound the previous month with 95 cargoes in September and September 2020. vestors’ day when he said the as Asian and US deliveries dropped, over 100 cargoes in the peak win- Nuclear power usage in Japan company should prioritise Papua offset by more cargoes from na- ter season in January 2020. is still much reduced from the 50 LNG and over time optimise the tions like and Australia, The October 2020 shipments units on line in 2011 to a handful integration of P’nyang gas. while thermal coal was preferred cost 188.32 billion yen ($1.14Bln), now. The two existing LNG Trains to LNG. down 42.7 percent in yen terms Asian LNG cargo deliveries to at the PNG plant have a name- Japan imported 5.94 million from the same month of 2019 when Japan in October from nations such plate capacity of 6.9 MTPA, tonnes of LNG in October 2020 they cost 329.57Bln yen ($3.17Bln), as Malaysia and , Papua though have consistently pro- versus 6.30MT in the same month according to the preliminary New Guinea and Brunei amounted duced more and will be the site of 2019, a drop of 5.7 percent and monthly trade figures from the to 1.11MT, a drop of 19.3 percent of any future expansion. the cost of the monthly shipments Japanese Finance Ministry. from the same month a year ago. Three new liquefaction Trains tumbled compared with last year. One of the main competitor Middle East shipments from are proposed in the delayed full Shipments had risen to 6.50MT fuels to LNG for power genera- countries like Qatar, the United expansion plan using both Papua in in September 2020 versus tion, thermal coal, saw imports Arab Emirates and Oman rose by and P’nyang feed-gas resources. 6.44MT in the same month of increase by 1.2 percent to 9.26MT 12.2 percent to 1.18MT. n 2019, an increase of 1 percent. compared with the previous 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 24 November 2020 LNG Unlimited NEWS l 5 NEWS Chinese Binhai LNG project increases NUDGES storage and gives two tanks to province Brownsville LNG News Editor contract NextDecade Corp., developer of China National Offshore Oil Corp., the Rio Grande LNG export pro- the holder of the nation’s largest ject in Texas, said that after a capacity for LNG imports, plans to competitive bid and contracting increase storage at its Binhai im- process it had selected Great port terminal under construction Lakes Dredge and Dock Corp. in the eastern Jiangsu province to perform improvements near and will reserve two tanks to help its planned facility on the with the imported gas needs for a Brownsville Ship Channel. province in Central China. “These improvements, which CNOOC said it would construct include deepening the Channel, around 1.62 million cubic metres will enhance commercial navi- more storage capacity for LNG at CNOOC is responding to rising LNG demand across China gation into and out of the Port the facility. of Brownsville, ensuring the safe missioned in 2021. Total invest- Shanghai, where it has capacity at and reliable access of LNG carri- Six tanks ment in the project has risen to one facility. ers to NextDecade’s Rio Grande The expansion will consist of six 17 billion Chinese yuan ($2.60 bil- China’s new state-owned Na- LNG facility and optimizing the tanks, each with storage capacity lion), up from an original estimate tional Oil and Gas Pipeline Group ability of shallower draft traffic of 270,000 cubic metres each and of 14.4Bln yuan ($2.2Bln), accord- (PipeChina) is now in charge of a to pass LNG carriers in either di- construction is expected to be ing to the official Xinhua news large portion of Chinese LNG, nat- rection in accordance with US completed in 2023. agency. ural gas and oil and products stor- Coast Guard guidelines,” the The first phase of CNOOC’s Bin- CNOOC said that the govern- age and pipeline infrastructure. company explained. hai LNG terminal is still being built ment of Henan in central China The change is part of the re- and will be capable of receiving would invest in two of the tanks to form process and offers third- Saudi Aramco around 4 million tonnes of LNG per guarantee more natural gas sup- party access for spare capacity at bond sale annum and will have and initial plies amid growing demand, though a number of LNG terminals it has The Saudi Arabian Oil Company, four storage tanks of 220,000 CNOOC would operate the tanks. taken over, as well as on the natu- the world’s biggest oil industry cubic metres each. The company has LNG import ral gas pipeline network and at operator with future LNG and The Binhai terminal is expected capacity at nine regasification ter- storage facilities. natural gas plans, is planning to to start operations and be com- minals, which mostly lie south of n offer around $6 billion of bonds following a $12Bln bond sale in April 2019 that sparked buying Energy World Corp. is advancing with orders of over $100Bln, mostly from US fund managers and Pagbilao LNG terminal and power plant making it the most over-sub- scribed bond sale in history. Energy World Corp., the Australian- construction period of 24 months. 2022,” it added. EWC is one of sev- listed LNG and power project de- EWC explained that the permit eral companies developing LNG for Charter veloper in southeast Asia, is mak- would enable the start of opera- power projects in the Philippines. rates flat ing slower than expected progress tions of the first LNG storage tank First Gen Corp., the largest Shipping charter rates for LNG on its Philippines LNG import ter- at Pagbilao to be aligned to the provider of gas-fired power in the carriers in the spot market were minal in Quezon Province because commercial start-up of the associ- country, is developing a fast-track unchanged in the past week as of the Covid-19 pandemic. ated 650 megawatts gas-fired floating terminal to bring LNG to the Northern Hemisphere winter “The ongoing lockdown has af- power plant. the Philippines by 2022 at Batan- market demand continued to be fected our ability to carry out nor- “Our land acquisition pro- gas City in Luzon. firm. Rates were quoted at an mal site operations at our Pagbilao gramme for the Right of Way EWC also operates in Indonesia average of between $109,000 LNG Hub Terminal and Power Plant,” (ROW) has continued and video and the project involves a 315 per day and $115,000 per day said EWC in recent filings with the conferencing meetings have been megawatts gas-fired power plant West of Suez. The same levels Australian Securities Exchange. possible with the Department of at Sengkang on the South Sulawesi of spot rates were also heard EWC’s Pagbilao terminal is Energy (DOE) on both the Pagbilao coast of eastern Indonesia. for the East of Suez charter largely completed. The company LNG Hub and power projects,” The company was also recently market for vessels of between was given a licence in 2019 to explained EWC. granted a 20-year extension to its 155,000-165,000 cubic metres operate the terminal and to con- “We have been advised by the Indonesian natural gas production- capacity, according to various struct some other facilities before DoE that the new Pagbilao sub-sta- sharing contract for its producing brokers. it becomes operational. tion being constructed is now tar- Sengkang fields. n The permit allowed a further geted for completion by January n 6 l NEWS LNG Unlimited 24 November 2020 Latest US LNG data shows Pakistan joining India as top monthly recipient as Indians overtake UK LNG News Editor The average year-to-date price of US LNG through September The US Department of Energy has 2020 dropped to $5.11 per MMBtu just published its latest liquefied versus August’s $5.36 per MMBtu. natural gas export data illustrating Shipments from the Cove Point the development of seasonal price plant were the most expensive in differentials for the various plants, September and cost an average of while Pakistan joined India in the $6.90 per MMBtu ($6.17 per MMBtu top five of monthly recipients and in August). the Indians overtook the UK in the Prices of shipments from the overall totals. Sabine Pass export point in US cargo prices declined in Cove Point LNG is located amid tree lines overlooking September averaged $5.32 per September to an average of $5.35 Chesapeake Bay and has the highest-priced cargoes MMBtu ($4.89 per MMBtu in per million British thermal units August). from $5.55 per MMBtu in the pre- carriers and 526 in ISO containers of destination overall since 2016 Prices at Corpus Christi in vious month, according to the DoE through September 2020 to 38 dif- through September 2020 showed September averaged $4.43 per November report. ferent countries, including to four two Asian nations, South Korea MMBtu ($3.73 per MMBtu in August). nations in the Caribbean who re- and Japan leading, ahead of Mex- The Freeport facility posted Prices ceive ISO containers. ico and Spain respectively. average September prices of The average year-to-date prices The top five countries of desti- The Top 10 recipients of US $5.58 per MMBtu ($5.86 per for each plant (from the export nation represented 52.3 percent LNG by numbers of cargoes, are: MMBtu in August). point) from highest to lowest in of total US LNG exports in Septem- 1) South Korea 252 cargoes. 2) The Elba Island plant shipped September 2020 were: Cove Point ber 2020 and Pakistan joined India Japan 162. 3) Mexico 153. 4) Spain one cargo in September as well as (Maryland) $6.33 per MMBtu, in this group. 118. 5) China 90. 6) India 80. 7) one in August and the latest was Cameron (Louisiana) $5.70 per The top five destinations for UK 79. 8) Chile 79. 9) France 63 just its fourth overall. The Septem- MMBtu, Sabine Pass (Louisiana) cargoes in September were: South and 10) Brazil 55. ber prices was $3.70 per MMBtu. $4.97 per MMBtu, Freeport (Texas) Korea (32.1 billion cubic feet – The Sabine Pass plant overtook The US also sends regular ISO $4.80 per MMBtu, Corpus Christi nine cargoes); Spain (15.2 Bcf – the Cameron facility that briefly containers by to the (Texas) $4.29 per MMBtu and Elba five cargoes); China (11.2 Bcf – became the US volume leader in Caribbean nations of Barbados, Island (Georgia) $4.22 per MMBtu three cargoes); India (10.5 Bcf – August with 11 cargoes before the Bahamas and Haiti. (just four cargoes shipped by three cargoes) and Pakistan (9.9 being closed by a hurricane at the In September, a total of 18 con- September since December 2019). Bcf – three cargoes). end of that month. tainers were delivered versus 19 Since US LNG exports began A total of 45 cargoes were With Cameron out of action, in August. The recipients were Ba- more than four years ago in Febru- shipped in September compared the September cargoes came from hamas 10, Haiti four and Barbados ary 2016, the DoE said a total of with 36 in August and 50 ship- Sabine Pass (18) Corpus Christi four, while no ISO containers 1,650 cargoes (5,367 billion cubic ments in September 2019. (11), Freeport (10), Cove Point (5) reached Jamaica in September. metres), had been shipped on LNG The list of the Top 10 countries and Elba Island (1). n LNG Journal Subscription Package LNG Journal is a ten-in-one subscription product with end-to-end insight into liquefied natural gas. The LNG Journal platform includes: 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 Subscription Contacts LNG SHIPPING NEWS Online every second Thursday + PDF LNG MONTHLY MARKETS Online Monthly + PDF For new subscriptions or general 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] 24 November 2020 LNG Unlimited NEWS l 7 ABS Class Gasum will supply LNG fuel to VLEC with Equinor vessels in ARA region LNG notation LNG News Editor is delivered Gasum, the Finnish state-owned The American Bureau of Shipping, LNG distribution company and re- the US classification society, said gasification and liquefaction in- the first of an order of 12 very frastructure owner in the Nordic large ethane carriers (VLECs) with region, has extended bunkering LNG notation and built to ABS activities to include the Antwerp, Class has been delivered from the Amsterdam and Rotterdam region, Goeje shipyard in South Korea of also known as the ARA area. Samsung Heavy Industries. The expansion is possible due Bunkering ship ‘Kairos’ will be one of two serving Equinor The “Seri Everest” was to a new agreement with Norwe- handed over to Zhejiang Satel- gian oil and gas major Equinor for re-fueling Equinor’s oil tankers “Coralius” and the “Kairos”. lite Petrochemical (STL) and is the ARA, an important trading hub that are shipping crude oil from “Co-operation with Equinor in the first of a phase-one order by in the rivers and canals and ports North Sea to Swedish and Baltic the ARA region extends Gasum’s STL which was subsequently sold network where and small ports. existing business area with the to the Malaysian shipping line, ships and tankers conduct trading “We are very proud that ability to serve also other cus- MISC Group. and supply operations. Equinor chose Gasum as their tomers in the region,” said The vessel with more than partner in the ARA region,” said Gasum. 98,000 cubic metres capacity is Long term Gasum’s LNG Maritime Sales Direc- “This development promotes the largest VLEC ever built. Gasum said that it would now be tor Jacob Granqvist. Gasum’s objective to provide solu- A second phase of the order delivering LNG bunkering supplies “Equinor is one of the forerun- tions for decarbonizing the ship- also includes six vessels, bring- to Equinor in the ARA. ners using LNG in their operations, ping industry,” it added. ing the total to 12, scheduled Gasum and Equinor have been and they were our first LNG cus- Gasum owns a network of LNG for trade from the US to China co-operating on various projects tomer in the maritime segment,” import terminals, a small-scale to support STL’s ethane cracker and LNG supply chain develop- added Granqvist. liquefaction plant and an expand- facility in the eastern Chinese ment for Equinor’s vessels since The bunkering for Equinor will ing chain of LNG fuel stations for province of Jiangsu. 2011. mainly be performed by Gasum’s vehicles in the Nordic region. “This is the first VLEC to be The Finnish company has been small-scale bunkering vessels, the n delivered with the LNG Cargo- Ready notation that was re- leased by ABS in 2019,” said the US class society. Avenir LNG’s first dual-purpose ship “The notation provides assur- ance to owners and charterers for bunkering starts Malaysian fueling that the VLEC can be upgraded to trade LNG cargoes in the fu- Avenir LNG Ltd, a company owned Future Horizon for a period of effective solution to meeting the ture,” ABS explained. by Norwegian shipping and infras- three years. sulphur cap regulations set by the Christopher J. Wiernicki, tructure companies, has delivered “Following her maiden voyage International Maritime Organiza- Chairman, President and Chief its first dual-purpose liquefied from China, the ‘Avenir Advan- tion in 2020,” added Doljanin. Executive of Houston, Texas- natural gas bunkering and supply tage’ has successfully completed “Further to the provision of LNG based ABS said that as part of the vessel (LBV), the “Avenir Advan- the commissioning of the LNG re- as a bunker fuel, the delivery of shale-gas revolution, shipping of tage”, to the Future Horizon joint loading equipment on the ‘FSU the ‘Avenir Advantage’ means that liquefied ethane was developing venture comprising Malaysia’s MISC Tenaga Satu’ and the first LNG Petronas now has the infrastructure into a significant new market. Group and Avenir. bunkering of the ‘SIEM Aristotle’ in place to support the rapid de- “At ABS we have supported The ship was constructed by car carrier,” explained Avenir. ployment of small-scale supply this development from the early Keppel Offshore and Marine at the The “Avenir Advantage” will chains and we are proud to be stages and are happy to see that Nantong Shipyard in China’s east- supply the region’s LNG-fuelled working with Petronas as envisaged this leadership role is being rec- ern Jiangsu province. vessels and small-scale LNG under our previously announced ognized in the current VLEC “With the delivery of the projects. arrangements,” he explained. market,” added Wiernicki. ‘Avenir Advantage’, Future Hori- “We are very proud to deliver Avenir LNG is a joint venture Yee Yang Chien, President zon is the first dedicated LBV the first dedicated LNG bunker ves- owned by London-based Norwe- and Group Chief Executive of commercial operator in Southeast sel in Southeast Asia,” said Milorad gian shipping and storage company MISC, said he was proud to wel- Asia,” said Avenir. Doljanin, Chief Executive of Avenir. Stolt-Nielsen and its peer fleet come “Seri Everest” as the first Additionally, Malaysian energy “With the backing of Petronas’s owners and project companies, VLEC in MISC’s existing fleet. company Petronas has chartered LNG supply infrastructure, LNG Hoegh LNG and Golar LNG. n the “Avenir Advantage” from is undeniably a reliable and cost- n BRIGHTER FUTURE COOLER BY DESIGN™

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Learn more at www.ChartLNG.com [email protected] 24 November 2020 LNG Unlimited NEWS l 9 European LNG terminal operators get a boost from their Trans-Adriatic Pipeline starting up LNG News Editor 3,500km Southern Gas Corridor, TAP combines strategic and mar- The Trans-Adriatic Pipeline (TAP), ket competitive features,” ex- an 878-kilometres transportation plained Heydarov. system bringing Caspian natural “It ensures that Europe can re- gas from Azerbaijan to Greece, ceive supplies from yet another Albania, via the Adriatic Sea and source, while supporting the key Italy and whose main shareholders EU objectives of achieving an inte- are among Europe’s main LNG grated energy market, and a sus- terminal and grid operators has tainable, secure and diversified begun commercial operations. EU LNG and grid network owners hold majority of TAP energy mix, contributing to ongo- The TAP, which took over four ing streams towards clean energy years to build, is the European leg company Socar, based in Baku. mitment of our people and every- transition,” he added. of the Southern Gas Corridor, a Spanish grid operator Enagás one involved, the solid trust and TAP transports natural gas from gateway project that will trans- operates a network of five LNG unwavering support of our share- the giant Shah Deniz field in which port 10 billion cubic metres per terminals, Snam has two terminals holders, all governments in the BP has a major stake in the Azer- annum of new gas supplies from in Italy and Fluxys operates the value chain and the European baijan sector of the Caspian Sea. Azerbaijan to multiple markets in Zeebrugge LNG facility and has Union, as well as the suppliers and The TAP pipeline connects with Europe and as an alternative to a major stake in Dunkirk LNG in contractors,” said Luca Schiep- the Trans Anatolian Pipeline Russian gas from Gazprom. France. These three shareholders pati, TAP’s Managing Director. (TANAP) at the Turkish-Greek bor- in TAP have 55 percent of the Murad Heydarov, Chairman of der in Kipoi, crosses Greece and Shareholders equity. TAP’s Board, said the Southern Gas Albania and the Adriatic Sea, be- TAP’s shareholding include the The TAP pipeline joint venture Corridor is the pioneering carrier fore coming ashore in Southern Spanish, Italian, Belgian and required €3.9 billion ($4.6Bln) of of natural gas from Azerbaijan to Italy. French LNG terminal operators project financing. Europe and using the most modern The aim of TAP is to facilitate Enagás, Snam and Fluxys as well “I am extremely proud of this and reliable systems currently gas supplies to Southeast Euro- as UK major BP, Swiss trading firm achievement, made possible available. pean countries. Axpo and the Azerbaijani energy thanks to the dedication and com- “As a key component of the n Australia-Pacific LNG and Port Kembla FLNG firms plan separate ammonia plants in Tasmania

Origin Energy, the utility share- Already used in the fertiliser would be partly funded by a A$1.6 The Fortescue company of holder in Australia-Pacific LNG in industry, ammonia is expected to million (US$1.17M) grant from the which Andrew Forrest is Chairman Queensland, and a company of bil- play a role as a clean power source, Tasmanian Government. is considering a 250-MW hydrogen lionaire Andrew Forrest developing potentially as a chemical store for “We are excited to be partner- plant with green ammonia produc- the Port Kembla floating LNG ter- excess renewable energy, and in ing with the Tasmanian Govern- tion capacity of 250,000 tonnes minal south of Sydney, have re- the shipping industry as a fuel that ment on this ground-breaking plan per year. vealed separate plans for building only emits water and nitrogen. to use 100 percent renewable en- Fortescue is targeting an in- export-scale green ammonia One way of making green am- ergy and sustainable water to vestment decision by its board plants in the Australian island monia is through using hydrogen power one of the world’s first ex- in 2021. state of Tasmania. from water electrolysis and nitro- port-scale green hydrogen and Forrest, whose Squadron En- Origin, whose partners in gen separated from the air in a ammonia plants,” said Felicity Un- ergy recently signed a lease deal APLNG are China’s Sinopec and US process powered by renewable derhill, Origin’s general manager for a floating LNG import terminal major ConocoPhillips, said it electricity. for future fuels. at Port Kembla in New South would conduct a feasibility study Origin said its plant would be “Hydrogen produced from re- Wales, has put the hydrogen and into building its plant in Tasma- over 500-megawatts and would newable energy has tremendous green ammonia plans in the hands nia’s Bell Bay. produce more than 420,000 tonnes potential to support decarbonisa- of the new Fortescue Future In- The separate venture by For- of zero-emissions green ammonia tion in Australia and overseas be- dustries (FFI) unit. rest’s Fortescue Metals Group is per annum. cause it is one of the most Fortescue Metals Chief Execu- also expected to be built at Bell Origin said that if its project abundant elements in the universe tive Elizabeth Gaines said that Bay, about 40 kilometres north- were to proceed, first production and can be produced with zero working with FFI, the company was west of Launceston, the main Tas- of green ammonia would be ex- emissions,” added Underhill. assessing clean energy opportuni- manian city after the capital pected around 2025. The feasibility study is expected ties locally and internationally. Hobart. It added that a feasibility study to be completed by December 2021. n