LNG

July 9 (LNGJ) - UK major Shell has taken a positive final investment decision to proceed with the Manatee natural gas project offshore Trinidad and Tobago to supply more feed gas to the Atlantic LNG export plant at Point Fortin in Trinidad. The Manatee gas field will provide backfill to Atlantic LNG as part of Shell’s strategy to boost utilisation at existing liquefaction plants.

   “This project will help meet the increasing demand for natural gas globally while also addressing the energy needs of our customers domestically in Trinidad and Tobago,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. “The investment bolsters our world-leading LNG portfolio in line with our commitment to invest in competitive projects that deliver more value with less emissions,” she added.

Bolivia’s natural oil and gas company, Yacimientos Petrolófilos Fiscales Bolivianos (YPFB), said that when a natural gas transportation contract expires in September the Bolivians may be able to offer their pipelines to Argentina to send gas to Brazil from the Vaca Muerta shale-gas basin.

Feb 27 (LNGJ) - The first March LNG cargoes are heading for the UK from Trinidad and the US. The vessel “Magdala” with 173,400 cubic metres capacity is scheduled to discharge a cargo on March 1 at the Dragon import terminal in Milford Haven, according to shipping data. The cargo was lifted on February 19 from the Point Fortin plant in Trinidad.

   The “Maran Gas Vergina” with 173,605 cubic metres capacity is due to berth with a US cargo on March 4 at the South Hook terminal at Milford Haven. The cargo was lifted from the Cameron plant near Lake Charles in Louisiana on February 21.

January 9 (LNGJ) - The Norwegian-flagged LNG carrier “BW Boston” with 138,060 cubic metres capacity has just departed from the US Everett LNG import terminal in Massachusetts after delivering a cargo from Trinidad, the Caribbean nation that used to be the biggest LNG supplier to the US before it became an exporter from the Lower 48 States in 2016.

   This was the second LNG cargo delivered from the Caribbean to Everett near Boston this winter season with the previous shipment being discharged in December, according to shipping data. The Everett terminal is now owned by US power company Constellation Energy and is the longest-operating LNG import facility in the US. It is connected to two interstate pipelines in the Northeast as well as to the gas utility company’s electric distribution system and the Mystic gas-fired power plant, which may be shuttered in 2024.

Italian oil and gas and LNG project engineering company Saipem, which has extensive global subsea and pipeline expertise, said it reached “new and important project” landmarks by contributing to the start of production of the Payara field, offshore the tiny nation of Guyana in the northeast corner of South America.

The start of production of the offshore oil field is the third project to which Saipem has contributed in the Stabroek Block

The field is operated by a consortium comprising US major ExxonMobil Corp, New York-based Hess Corp., currently being acquired by Chevron Corp., and the Chinese major China National Offshore Oil Corp.

Saipem contributed to the project development by providing engineering, procurement, construction and installation of the underwater facilities.

Saipem installed over 130 kilometres of thick rigid pipelines and risers in about 2,000 metres of water depth.

Guyana reserves

Guyana is among the leading oil and gas reserve holders in Latin America and will be a future large exporter of hydrocarbons along with Argentina, Brazil and Mexico as well as LNG producers Peru and Trinidad and Tobago.

The contract was fully released in 2020 by ExxonMobil Guyana and Saipem said its leading subsea assets such as “FDS2” and “Saipem Constellation” were deployed to carry out the project.

Furthermore, Saipem used its fabrication facility in Georgetown, Guyana, for the fabrication of 48 rigid jumpers, ensuring important local activity and jobs and enhancing sustainable investment in the country.

“Saipem has a consolidated presence in the country, having previously contributed to the development of the two phases of the Liza Project and to the start of the Yellowtail Project,” said the Milan-based company.

Guyana economic boost

The International Energy Agency noted that oil will be required for vehicle transport in the South American and Caribbean region well through 2050.

“Oil production has been rising in Brazil and Guyana, while it is in decline in Venezuela and Mexico,” said the IEA.

“Increased demand and prices for liquefied natural gas has also shone a spotlight on the important role played by LNG exporters such as Trinidad and Tobago and Peru in easing market tightness,” the Paris-based agency added.

Oil currently accounts for 86 percent of energy consumption today in the Latin American transport sector compared with 91 percent globally.

“The share of oil in road transport will decline below 80 percent by 2030 to around 40 percent by 2050,” said the IEA, forecasting that 60 percent of bus and other vehicle transport will come from the “growing use of electricity and bioenergy” vehicles.

“However, rising incomes also prompts an increase in the ownership of appliances and air conditioners, which are the main drivers of electricity consumption growth,” it added.

Sept 7 (LNGJ) - The Netherlands is scheduled to receive at least three LNG cargoes in the weeks ahead. The 174,000 cubic metres capacity “Gaslog Houston” is scheduled to deliver a shipment from Trinidad on September 12 to the Eemshaven floating LNG import hub in Groningen. The cargo was lifted on August 31 from the Caribbean nation’s Point Fortin export plant, according to shipping data.

   The “Grazyna Gesicka” carrier with 170,520 cubic metres capacity is due to discharge a US cargo on September 14 at the Gate terminal in Rotterdam. The cargo was lifted on August 31from the Cameron facility in Louisiana. The vessel “Adamasto” with 174,060 cubic metres capacity will unload a US cargo on September 20 at Eemshaven. The volumes were lifted on September 5 from the Corpus Christi plant in Texas.

June 27 (LNGJ)- Two LNG shipments are headed for Dutch terminals in the next week, according to shipping data. The carrier “Gaslog Gibraltar “ with 174,000 cubic metres capacity is scheduled to deliver a cargo on June 28 from the Atlantic LNG export plant at Point Fortin in Trinidad to the Eemshaven floating import terminal in Groningen. The cargo was lifted on June 17 from the Caribbean plant.

   A second delivery to the Netherlands is due on July 4 to the Gate terminal in Rotterdam by the Qatari Q-Flex vessel “Umm Slal” with 261,000 cubic metres of capacity. The shipment was loaded on June 14 at the Ras Laffan export plant in the Arabian Gulf.

March 13 (LNGJ) - The UK was scheduled to receive an LNG cargo at the end of the week from the Caribbean nation of Trinidad and Tobago as UK and European natural gas wholesale and LNG prices rebounded to one-month highs as cooler weather hit Europe. The UK National Balancing Point price rose to the equivalent of $16.100 per million British thermal units.

   The vessel “Maran Gas Agamemnon” with 174,000 cubic metres capacity was due to discharge a cargo on March 19 at the Dragon LNG import terminal at the port of Milford Haven, according to shipping data. The cargo was lifted on March 7 from the Point Fortin export plant in Trinidad.

The UK Isle of Grain LNG import terminal, the largest in Europe and located on the Medway River in the southeast English county of Kent, reported a 60 percent surge in cargo deliveries in the past year and when more gas was supplied to the UK and the European Union.

UK-based oil and gas majors BP plc and Shell plc have agreed to restructure their ownership in Trinidad and Tobago’s Atlantic liquefied natural gas project at Point Fortin in Trinidad.