LNGNEWS Mauritania China
LNG SPA for Venture Global LNG and CNOOC Gas & Power
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enture Global LNG and CNOOC Gas & Power Group Co., Ltd, a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), have announced the execution of a 20-year Sales and Purchase Agreement (SPA). This marks the first LNG supply agreement signed by a US exporter with CNOOC, China’s largest importer of LNG. Under the deal, Venture Global will supply 2 million tpy of LNG on a free on board (FOB) basis from its Plaquemines LNG export facility, in Plaquemines Parish, Louisiana, US. In addition, CNOOC Gas & Power will purchase 1.5 million t of LNG from Venture Global’s Calcasieu Pass LNG facility for a shorter duration. “Venture Global is pleased to announce the expansion of our footprint in Asia through two new deals to supply the Chinese market with clean, low-cost US LNG,” said Mike Sabel, CEO of Venture Global LNG. “China is critical to global climate efforts, and LNG supplied by Venture Global will serve as an important addition to their low carbon energy mix for decades.” “As China’s largest LNG importer, CNOOC is committed deeply not only to the mission of securing China’s gas supply, but also to the climate goals of building a carbon-neutral China by 2060,” said Shi Chenggang, Chairman of CNOOC Gas & Power. “By signing the SPAs with Venture Global, CNOOC will be able to further improve its ability to meet China’s increasing gas demand, whilst providing solid support for China’s energy transition pathway to build a more beautiful China.”
NFE and Mauritania sign MoU
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ew Fortress Energy Inc. (NFE) has announced the execution of a Memorandum of Understanding (MoU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, LNG, and blue ammonia, utilising existing offshore gas reserves off the coast of Mauritania. Under the MoU, NFE will deploy its Fast LNG liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania for local gas and power markets as well as international exports. NFE will supply natural gas to both the existing 180 MW Somolec Power Plant and a new 120 MW combined cycle power plant that will be developed. “The production of LNG from these fields with our Fast LNG liquefiers will help accelerate the global transition to cleaner fuels,” said Wes Edens, Chairman and CEO of NFE. “Supply of natural gas and modern power infrastructure will also help bring more affordable, reliable, and cleaner power to support industrial development and sustainable economic growth in Mauritania and, at the same time, unlock the country’s potential to be a top exporter of clean LNG and blue ammonia.” NFE’s Fast LNG liquefaction design pairs the latest advancements in modular, midsize, liquefaction technology with jack up rigs or similar floating infrastructure to enable a much lower cost and faster deployment schedule than today’s floating liquefaction vessels. NFE is in advanced discussions for the deployment of this technology in several other markets around the world, including offshore US. The natural gas production and power infrastructure in Mauritania will support industrial development and reduce emissions and pollution by providing a cleaner, affordable, and reliable alternative to oil-based fuels.
UK
Avenir and Shell enter into time charter agreement
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venir LNG Ltd has announced that it has entered into a time charter party (TCP) with Shell NA LNG, LLC for the Avenir Achievement, a new-build 20 000 m3 LNG bunkering supply vessel which will be delivered to Avenir in 2Q22. The time charter to Shell is expected to begin in 1Q23 for a period of three years with an option to extend up to five years. This charter (including options) increases Avenir’s overall vessel charter revenues backlog to US$81.0 million as of 1 December 2021. The vessel will be equipped with boil-off gas (BOG) reliquefaction and simultaneous operations (SIMOPs)
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January 2022
capabilities, making the vessel one of the world’s largest, most efficient and versatile LNG bunker supply vessels. Commenting on the deal, Peter Mackey, CEO of Avenir LNG Ltd, said “We are delighted to have executed this agreement with Shell for the Avenir Achievement and to play an important role in expanding Shell’s LNG bunkering capabilities. This deal marks another major achievement in Avenir’s development as we fix the last vessel in our current new-building programme. We are thrilled to welcome a world-class organisation like Shell as the latest customer for Avenir LNG.”
