Tuesday, 19 November 2019 07:00

LNG Unlimited – 19 November 2019

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US equipment maker completes venture in Germany as Nordic fuel firm set to expand

LNG Journal editor

Chart Industries, the US maker of equipment for the liquefied natural gas and industrial gas sectors, has completed the commissioning of Europe’s largest LNG filling station to help meet rising demand by trucking companies for cleaner fuel to reduce emissions.

Chart said the LNG fuel station was completed in northwest Germany for the company AlternOil GmbH.

Strategic location

AlternOil will operate the filling station, which is located near Germany’s main A1 highway in the municipality of Bakum in the state of Lower Saxony, bordering the Netherlands.

Chart, whose headquarters are in the suburbs of Atlanta, said operations at the newest European LNG filling station are set to begin in early December 2019 following final approvals from the local authorities.

Chart said it used its proprietary “Saturation on the Fly” (SoF) technology at the station.

“This eliminates methane emissions escaping to the atmosphere and recognizes both spark ignited and compression engines which allows the station to fuel all LNG trucks regardless of original equipment, manufacturer or brand,” explained the US company.

Chart said the SoF technology also improves the station’s overall energy management and provides a total refueling time consistent with equivalent diesel-engine vehicles.

“We continue to contribute to the development of the global LNG infrastructure ranging from liquefaction to marine to transportation,” stated Jill Evanko, Chart’s Chief Executive.

Chart's customer, AlternOil, said it continued to offer maximum operator convenience through flexible, full-service truck centres that incorporate full integration of Chart equipment with other aspects of the station, including AlternOil’s cashless payment system.

AlternOil added that it was planning further LNG filling stations for its planned German network, including in Cologne, Fulda, Hamburg, Bremen and Remscheid.

At the same time expansion is underway in the Nordic countries as a major market participant, Gasum of Finland, has agreed to acquire filling stations and a range of LNG assets.

Gasum is buying two businesses from the German group, Linde AG, with one involved in the clean energy sector and another in LNG maritime fuel.

The Gasum-Linde transaction covers the sale of the Swedish AGA Clean Energy business and the Nauticors Marine Bunkering unit in Norway, which together generate revenues of 100 million euros ($110M) a year. Gasum said the acquisitions when completed would include the transfer of Swedish and Norwegian assets, including a small LNG liquefaction plant.

The sale also includes two LNG regas terminals, two LNG bunkering vessels and 48 gas filling stations in Sweden and Norway.

The value of the deal to buy the AGA Clean Energy business and Nauticor’s Marine Bunkering was not disclosed.

“The acquisitions will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport,” said the Finnish company.

“The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network,” stated Gasum.

The Finnish company’s Chief Executive Johanna Lamminen said the purchase of AGA Clean Energy and Nauticors Marine is part of a growth strategy.

LNG Journal editor

Teekay LNG Partners, the US-listed tanker fleet owner and operator of about 50 LNG vessels, reported record net earnings after an eventful third quarter when it was briefly caught up in the Iran oil sanctions issue amid the delivery of more LNG newbuilds and ahead of the start-up by year-end of the Bahrain regasification project.

Teekay Tankers, the oil and products shipping arm of Teekay Corp. and affiliate of Teekay LNG, said the company had made extensive preparations to meet the International Maritime Organization cap on sulfur emissions set to come into force on January 1.

LNG Journal editor

MISC Group, the Malaysian company with more than 30 liquefied natural gas carriers in its fleet and with engineering and offshore divisions, is hoping to build on the momentum for growth in the shipping sector after sensing increased demand and securing two LNG carrier charters from ExxonMobil.

Tuesday, 19 November 2019 07:00

Total and BP sign supply agreements with UEA

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Abu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first quarter of 2022 after scaling back its supplies to Japan.

The signing of the Abu Dhabi agreements was witnessed by Bob Dudley, Group Chief Executive of BP, Total Chairman and CEO Patrick Pouyanné and their Adnoc counterpart Ahmed Al Jaber, who is also a Minister of State for the United Arab Emirates.

“BP is delighted to have concluded this LNG supply agreement,” said Robert Lawson, Chief Operating Officer for BP Gas, Integrated Supply and Trading.

“Adnoc LNG is a long-standing supplier to BP’s integrated supply and trading business. We are very pleased to have secured this new multi-year supply agreement,” added Lawson.

Laurent Chevalier, Vice President in the Total Gas, Renewables and Power division said the two-year LNG supply deal contributed to the growth and flexibility of Total’s LNG portfolio and strengthens its longstanding relationship with Adnoc.

“With these new supply agreements, Adnoc LNG has shown that it can react quickly and decisively to changing market conditions while ensuring the security and quality of delivery,’’ said Adnoc LNG's CEO Fatema Al Nuaimi.

“We have also successfully demonstrated our ability to shift from one customer to multiple customers while maintaining our plant’s high reliability and accepting ships from different customers at our jetty,” explained Al Nuaimi.

South Korea, the third-largest LNG importer, posted a 15 percent decline in liquefied natural gas shipments last month even at seasonally low prices, with Australia and Malaysia as the leading suppliers.

LNG Journal editor

Woodside Petroleum, the liquefied natural gas plant operator in Western Australia, said it had decided to advance with the pipeline project, the Pluto-North West Shelf Interconnector, to connect the Pluto LNG and the North West Shelf Karratha Gas Plant and had entered into contractual arrangements for the construction.

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Delek Group of Israel, the company with stakes in the huge Leviathan field in the Eastern Mediterranean set to come on stream to supply Egypt and regional buyers and with LNG output plans, said its Ithaca Energy subsidiary completed the purchase of the UK North Sea oil and natural gas assets from Chevron Corp. for around $2 billion.

Delek said that after the close of the deal Ithaca signed a five-year marketing and distribution agreement for the acquired Chevron fields with UK major BP.

Chevron had off-loaded its central North Sea assets in a sale by tender won by the Israeli company.

The assets obtained by Delek’s unit include the Alba, Alder, Captain and Erskine fields as well as the Britannia, Elgin-Franklin and Jade non-operated projects.

Other companies in the bidding for the Chevron North Sea fields had included UK chemicals firm Ineos, Premier Oil of the UK and Oman’s Petrogas.

The Delek subsidiary’s transaction adds a further 10 producing fields to the existing Ithaca portfolio.

Delek Chief Executive Asaf Bartfeld said the latest transaction would enable the international energy business to grow after it also sold its Phoenix insurance unit.

“The closing of the Chevron transaction, concurrently with the closing of the Phoenix sale, are two significant steps in the group’s strategy for turning from a local company to a leading international energy company,” stated Bartfeld.

Delek, which is a partner in the Leviathan and Tamar natural gas fields offshore Israel with Noble Energy of the US, recently gained a stake in the Egypt-Israel natural gas pipeline to supply Egyptian company Dolphinus Holdings with Israeli volumes.

LNG Journal editor

Gazoduq and GNL Québec, two Canadian companies proposing to transport feed-gas from Western Canada and export it as LNG from a liquefaction plant at Saguenay in Quebec, have rejected a critical report by a Montreal-based body looking into their corporate structures and possible taxation levels were the projects approved and constructed.