LNG

Greece’s Copelouzos Group has signed contracts for the implementation of a gas-fired combined-cycle power plant planned for the eastern Greek port of Alexandroupolis where an offshore LNG import terminal is planned.

Copelouzos said the contracts were for the supply and the long-term maintenance of the main equipment for the 840-megawatts facility being developed along with Greece’s Damco Energy SA and General Electric of the US.

The floating LNG terminal is a separate project from the onshore power plant and is being developed by Greek company Gastrade.

The Alexandroupolis LNG floating storage and regasification unit will have storage capacity of 170,000 cubic metres and regasification capacity of at least 5.5 billion cubic metres of natural gas per annum.

The FSRU will be moored in an offshore area about 17.6 kilometres southwest of the port of Alexandroupolis.

The floating unit will be connected to the Greek National Natural Gas Transmission grid through a pipeline system of a total length of 28km.

Copelouzos said that for its power plant project the company subsidiary Ilektroparagogi Alexandroupolis SA will be responsible for the implementation of the investment and construction will start before the end of 2021 and be completed by the spring of 2024.

Copelouzos added that the building of the gas-fired plant would strengthen the local economy as well as when operation start.

“During the construction 600 people are going to be employed, while it is estimated that 90 permanent job positions will be created during the whole lifetime of the project,” explained Copelouzos.

“In addition, and in conjunction the other projects of the Copelouzos Group, the unit will make the area of Alexandroupolis an energy hub, a fact that will attract further investments and result in economic growth and prosperity of the greater area,” it stated.

Japanese companies JGC Corp. and Chiyoda Corp. and US engineer KBR who built the onshore Ichthys liquefaction and export plant at Bladin Point near Darwin in Australia, have lost a Court of Appeal case for a US$1.9 billion claim against a power station sub-contractor.

Baker Hughes Co., the energy services provider and LNG equipment supplier, said it expected an increase in liquefied natural project activity as it posted solid third-quarter results and more contract wins since regaining its independence from General Electric.

The most comprehensive study ever undertaken to assess the advantages of liquefied natural gas as a marine fuel, involving leading consultants, academics, the oil and gas majors and the leading global engine-makers, has given LNG a massive endorsement.

Tellurian Inc., developer of the Driftwood LNG export project in Louisiana, is expecting to have about six customer-partners when it takes its final investment decision for the first phase of the joint venture near Lake Charles that will cost a total of $30 billion.

Baker Hughes-GE, the LNG equipment-maker and oil and gas services company created by the merger of General Electric with the US company famous for its rig counts, has sealed an agreement to sell its Natural Gas Solutions (NGS) business in two deals to separate firms.

US energy services and equipment company Baker Hughes-GE won a contract to supply more turbomachinery to power the third Train at the Cheniere Energy LNG export plant at the Texan port of Corpus Christi.

US energy services company Baker Hughes-GE has signed an agreement with Italian natural gas network company Snam to develop small-scale liquefaction infrastructure to improve Italian supplies of LNG fuel for heavy-duty trucks and maritime transportation.

Baker Hughes-GE, the energy services company and maker of turbomachinery for LNG production plants, posted solid first-quarter earnings and said the natural gas market continued to show strong LNG demand support.

General Electric, the US power plant and machinery company, said it had successfully completed the testing of an 80-megawatts induction motor at its factory in northeast France to serve the LNG industry liquefaction plants.