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LNG Shipping News - 19 March 2020

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LNG Unlimited – 17 March 2020

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First Gen Corp. plans to fast-track Batangas  joint venture with initial FSRU charter

LNG Journal editor

First Gen Corp. of the Philippines plans fast-track the LNG and power hub near Batangas City with the interim use of a floating storage and regasification unit to be able to receive LNG as early as the third quarter of 2022 and guarantee energy security for the capital Manila.

LNG Journal editor

Royal Dutch Shell is marketing what it calls “carbon neutral” LNG cargoes and has traded three so far to boost its green corporate credentials and those of the buyer as energy majors and other companies seek to prevent any negative impacts from environmentally activist shareholders.

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Cryopeak LNG Solutions, a small-scale liquefied natural gas supplier, said it completed the largest ever North American delivery of LNG by truck and trailer to a mine in the Canadian province of British Columbia.

Cryopeak is an LNG distributor in Canada and the US and provides fuel for power generation, industrial heat, and pipeline supply.

The shipment of LNG to the Silvertip Mine, owned by Coeur Silvertip Holdings, totalled about 18,000 gallons and was carried in Cryopeak’s “Super B-Train” truck.

Mining companies in BC and elsewhere in Canada are turning to LNG as a source of gas-fired power to replace diesel fuel.

The province of British Columbia has lagged in developing high volume LNG export plants but is a North American leader in truck-supplied LNG to remote areas and in LNG-powered-ferry services around Vancouver.

The Silvertip mine is located in BC, just below the Yukon border. Yukon is the smallest and westernmost of Canada's three territories and was the base for the 19th-century Klondike gold rush.

Cryopeak said its Super B-Train is designed to have up to 70 percent greater load capacity than standard trailers operating in Canada, improving LNG’s competitiveness as a fuel source for remote mining location and communities.

Calum McClure, Chief Executive of Cryopeak, said lowering LNG costs through maximising transportation payload is an important initiative for Cryopeak and its customers.

“We are excited that this technology is now proven and going forward we will seek to extend the operation of this new trailer across Canada,“ added CEO McClure.

Cryopeak is the leading truck distributor of LNG to remote areas in Canada and currently has a fleet of 16 tankers operating, as well as equipment and technologies for storage, regasification and fuel dispensing.

The company uses its ISO 9001 certified tank and has emergency response plans approved by Transport Canada.

Cryopeak was founded in 2012 and is a portfolio company of BP Energy Partners.

Kate Energy Holdings Inc., the Canadian company based in Calgary, has entered into a long-term master services agreement with Ferus Natural Gas Fuels Inc. to secure liquefied natural gas from the Dawson Creek liquefaction facility in northeast British Columbia.

LNG Journal editor

The Australian project developer of the US Magnolia export plant in Louisiana with an agreement to supply shipments to Vietnam is now likely to be taken over by a Singapore-based private company.

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Elba Island LNG, the small US export facility near Savannah in Georgia, was been given permission by regulators to start commercial services from the fifth Train in its Moveable Modular Liquefaction System pioneered by Royal Dutch Shell.

The Federal Energy Regulatory Commission granted a request by US pipeline company Kinder Morgan to start exporting from Train 5 of the 10 completed small-scale Trains.

Elba Island has nameplate output of 2.5 million tonnes per annum and is the smallest of the six US export plants currently on stream.

The fifth export plant at Cove Point in Maryland, owned by Dominion Energy, and like the Georgia plant located on the Atlantic Coast, is the next smallest with 5.2 MTPA of output.

The other four liquefaction facilities are on the Gulf Coast and are on a larger commercial scale of up to 27 MTPA. Two are owned by Cheniere Energy at Sabine Pass in Louisiana and Corpus Christi in Texas.

There is also the Sempra Energy-owned Cameron plant in Louisiana and the Freeport plant at Quintana Island in Texas.

Kinder Morgan had initially expected the first Train at Elba Island to come on stream by the end of March 2019 and the remaining Trains following during the year.

However, the project was hit by construction delays and the original start-up day was gradually pushed back with the first cargo being shipped in December 2019.

Using Shell's Movable Modular Liquefaction System meant that the Trains were largely assembled off-site and delivered to Elba Island.

The Georgia project is supported by a 20-year supply contract with Shell, which was one of the original investors.

LNG Journal editor

McDermott International, the US LNG and energy engineering company overhauling its finances after Chapter 11 bankruptcy protection proceedings, said it was moving forward with the previously agreed sale of its Lummus Technology business.