LNG

Feb 25 (LNGJ) - Centrica, the UK energy and utility company, and a power company in the small northeast Brazilian state of Sergipe, have helped commission the Golar Power-led LNG import terminal project in the South American nation. The Centrica-chartered LNG vessel, the “Singapore Energy”, delivered 95,000 cubic metres of LNG by a ship-to-ship operation to the “Golar Nanook” Floating Storage and Regasification Unit located 8.5 kilometres off the coast. The FRSU is connected by pipeline to a combined-cycle gas-fired power plant, the largest in Latin America, owned by Centrais Elétricas de Sergipe S.A. (CELSE).

   “We are happy to start this collaboration with Golar and CELSE and pleased to have safely completed the ship-to-ship transfer,” said Jonathan Westby, Co-Managing Director of Centrica Energy Marketing and Trading and Global Head of LNG. “This demonstrates Centrica’s growing global LNG trading optimisation and operations capability,” Westby added.

Golar LNG Chairman Olav Troim apologized to shareholders about the recent earnings disappointments and expressed confidence about strategy and the key role of natural gas in the energy mix for many years to come, leading to a rise in the two Golar shares listed on the Nasdaq global exchange, one by more than 5 percent.

Golar LNG, the fleet owner and project company, reported mixed fortunes for the floating production ventures it is involved in offshore four nations in West Africa, Equatorial Guinea, Cameroon, Senegal and Mauritania.

Golar LNG said its power venture subsidiary set up with Stonepeak Infrastructure Partners closed a financial agreement for a project in northeast Brazil involving a power plant and a liquefied natural gas import facility.

Black and Veatch, the US liquefaction technology and energy project company based in Kansas, said it was selected as owner’s engineer by Centrais Eletricas de Sergipe for the 1,516-megawatt combined-cycle, gas-fired power project in northeast Brazil, which will receive LNG cargoes from Qatar Petroleum marketing company Ocean LNG.

Qatar’s liquefied natural gas marketing company will supply 1.3 million tonnes per annum of cargoes to the largest gas power plant in Latin America being built in Sergipe, the smallest state in Brazil, located in the northeast of the country.

Golar LNG will provide a Floating Storage and Regasification Unit on a 25-year charter to supply a gas-fired electricity plant as part of a project in Sergipe, Brazil's smallest state located in the northeast of the country on the Atlantic coast.