Gaztransport and Technigaz (GTT), the French technology firm and designer of liquefied natural gas storage tanks, said it received two orders for the tank designs for four Very Large Ethane Carriers (VLECs), which will benefit from the “LNG cargo ready” notation.
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First Gen Corp., the largest provider of gas-fired power in the Philippines, has chosen Australia-based McConnell Dowell as its engineering contractor for an interim floating import terminal at Batangas City to help guarantee the Asian nation's energy security as a major domestic gas field depletes.
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South Korean steelmaker, LNG importer and trading company POSCO has formed a venture with research subsidiaries of US oil and gas major ExxonMobil to apply high-manganese steel to storage tanks for use in LNG and energy applications.
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Thai utility operator, B.Grimm Power Public Company, said it signed an accord with the Provincial Electricity Authority and its subsidiary on technical and financial cooperation in and around Map Ta Phut in Rayong province, the location of the southeast Asian nation’s LNG import terminal where two expansions are planned.
“The aims include broadening the service area by Small Power Producer (SPP) projects to serve a larger number of potential industrial users,” said a statement from B.Grimm Power President Preeyanart Soontornwata.
B.Grimm Power recently became the third independent Thai company to receive an LNG import licence as the sector is liberalizes.
The company was awarded its licences by the Thai Energy Regulatory Commission for imported gas deliveries to its five existing gas-fired power plants.
The Thai B. Grimm Group has been operating in the country since 1878 and the LNG licence was first applied for by the B. Grimm Power subsidiary in 2016.
B.Grimm Power told the Thai stock exchange that it had signed a memorandum of understanding for jointly expanding operations with the Provincial Electricity Authority and its unit PEA Ecom International Co., which would now hold a 5 percent shareholding in B.Grimm Power’s regional operator.
PEA Encom’s 5 percent stake is in B-Grimm Power’s Map Ta Phut operational company B.Grimm Power (MTP) Limited and was acquired by PEA Ecom for a sum of 200M baht ($6.3M).
B.Grimm Power and PEA Encom would seek to increase the efficiency of the private sector in the direct supply to end users in the Independent Power Supply (IPS) system and in renewable energy project expansion and opportunities in the Microgrid and Smartgrid areas.
“This cooperation is also expected to provide the potential cost saving in future investment in transmission lines and other facilities with a total value of no less than 1 billion Thai Baht ($32 million), including the initial cost saving of 315M Baht ($10M) for B.Grimm Power, together with the enhancement in both customer coverage and service efficiency,” stated President Preeyanart.
US LNG equipment-maker Chart Industries said it received orders for its ISO containers for LNG applications with a second leasing order from Latin American and Caribbean project New Fortress Energy.
Vietnam is making progress on developing four LNG import terminals and the latest to make a statement is one venture planned for the port city of Haiphong involving US major ExxonMobil Corp.
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Pavilion Energy of Singapore has signed a cooperation agreement with Gasum of Finland to develop a global LNG bunkering supply network for customers in Singapore and Northern Europe, including Amsterdam, Rotterdam and Antwerp.
Under a memorandum of understanding, the Asian and Nordic partners said they had agreed to leverage each other’s LNG bunkering infrastructure and supply capabilities to provide global supply points for customers.
“Pavilion Energy is thrilled to partner with Gasum and provide customers with a wide LNG bunker network for ocean-going vessels sailing between the Far East and Northern Europe,” said Mr Frédéric H. Barnaud, Group Chief Executive of Pavilion Energy, after the virtual signing in both Finland and Singapore. As a licensed LNG importer and bunker supplier for Singapore, Pavilion has taken several firm steps to invest in and support Singapore’s LNG bunker readiness. The company is a subsidiary of the city-state’s wealth fund Temasek.
Gasum is owned by the government of Finland and has five LNG bunkering vessels in operation and several LNG terminals and plants in Nordic region.
“We will complement this alliance with additional LNG bunkering partnerships in the Mediterranean, North Asia and the Americas,” added Barnaud.
“Our network will combine global commercial offerings with regional operational expertise and bring further momentum to the emergence of a thriving LNG bunkering industry,” he stated.
Johanna Lamminen, the CEO of Gasum, said the partnership underlined their aims for the eventual creation of a global bunkering network. “For our customers this means that we will support them with LNG wherever they are,” added Lamminen.
“We are very happy to have Pavilion Energy as a partner in the Far East supporting our shipping customers,” said the Gasum CEO.
Gasum owns a network of LNG import terminals, a liquefaction plant and an expanding chain of LNG fuel stations for vehicles in the Nordic region.
Its terminals include Sweden’s Nynashamn small-scale facility with 20,000 cubic metres capacity of storage and purchased in April 2020 by Gasum from Germany’s Linde AG.
The Finnish company also has a small-scale liquefaction plant in Risavika, near Stavanger in Norway, in addition to owning and operating other small regasification and import terminals in Ora and Alesund in Norway and Lysekil in Sweden.
A group of the world’s largest energy and commodities companies, including major LNG cargo market participants Royal Dutch Shell and Total as well as the trading firms Gunvor and Trafigura have founded the Sea Cargo Charter to disclose the climate-change alignments of their own shipping activities.