When Climate Ambitions Meet Energy Realities

Energy News Beat

In what is simultaneously receiving praise for being a historic achievement and criticism for not being ambitious enough, nearly 200 countries closed COP28 by agreeing to transition away from fossil fuels in energy systems. The agreement calls for a tripling of renewable energy capacity and expanded use of carbon capture and other low and zero-emissions technologies. The nuance of the language is what one should expect when climate goals run up against the realities of the world needing more affordable energy, particularly when 80 percent of those energy needs are met by fossil fuels.

Any transition in the world’s energy system will not come from language hammered out in the 11th hour in Dubai, but when it is in the economic self-interest of communities and businesses to pursue cleaner alternatives. The policies that unleash bottom-up innovation and human ingenuity to meet the needs of consumers while reducing emissions are the most durable path forward.

Like many previous COP commitments, the promise to transition away from fossil fuels may be as empty as the New Year’s resolutions to eat healthy that are broken by the Super Bowl. Or it could mean transitioning from four Oreos after dinner to three. Energy systems around the world could shift from 80 percent reliance on fossil fuels to 75 percent reliance. While such a gradual transition would likely not achieve the desired target of net zero by 2050, it is a nod to the economic and environmental tradeoffs countries must consider. As the language in the communiqué states, the transition must occur in a “just, orderly and equitable manner.” After all, it may look bad to have sessions at COP on environmentally sustainable yachts while telling people in developing countries it’s okay if their refrigeration is lost for days at a time.

The reality is that climate policies cannot trap people in poverty, prevent upward mobility, and deprive people of the basic energy needs that dramatically improve livelihoods. Of course, the goals of increasing energy access and reducing climate risks do not need to be mutually exclusive, but in some cases, they may be.

The tradeoff of rising emissions from the use of conventional sources is greater energy access and better living conditions. Providing families with electric or propane cookstoves may increase greenhouse gas emissions but significantly reduce indoor air pollution that prematurely kills millions when they use dung and crop residues. Building power systems to eliminate the use of cookstoves altogether would be transformational for communities in developing countries, but that would likely mean the use of more coal or natural gas.

In other instances, decisions to shift from fossil fuels may be economically and environmentally advantageous. This holds true for both developed and emerging economies. As the U.S. demonstrated, shifting from coal to natural gas as a power-generating source has saved families money, created economic opportunities, and reduced greenhouse gas emissions. For the developing world, the use of cost-effective renewables or price breakthroughs in nuclear power could allow emerging economies to leapfrog the use of fossil fuels to develop cleaner faster.

In Kenya, more affordable electric bikes with less upkeep could replace diesel bikes with higher fuel costs. The move could save Kenyans money and improve air quality. Critically, the companies deploying the alternative technologies are ensuring they work for the customer. As one recent CleanTechnica article noted,

In an effort to provide the best possible electric option, companies are making alterations to their bikes to be more appealing to African riders. In conversation with Kiri EV Founder Chris Maara, it became evident that specializing bikes for an African market has been a difficult process. This meant several rounds of testing the bikes, including allowing riders to try them and offer feedback as to what they would like to see altered. This has led to Kiri Bikes replacing much of what was previously plastic with metal, so that it is sturdier and not reliant on specific imported parts. Kiri also found that owners wanted a longer seat so as to transport additional people. Lastly, Kiri Bikes wanted the shocks to be strengthened to handle the unpaved roads in rural Kenya.

Innovative solutions will be more durable and viable when they meet the needs of consumers and when they’re not reliant on preferential treatment from the government. Government-mandated transitions will not have staying power if they are costly and unpopular. And they may ultimately hinder the progress toward economically viable clean energy sources by steering public and private money to politically preferred technologies.

Perhaps one of the more encouraging, underreported outcomes of COP28 is that conversations around solutions were more technologically inclusive than ever before. Much of the optimism surrounding COP did not come from what the politicians would do but from the suite of technological solutions available. Whether it was nuclear fission or fusion or legitimate natural solutions – all options should be on the table.

The policies that allow hundreds of climate-friendly solutions to bloom are the ones that broadly encourage innovation, open markets to trade and investment, and empower good ideas to flourish at speed and scale. If leaders and officials fail to recognize and implement these policies, the semantics over the final language at COP28 will largely be wasted breath and, similar to its predecessors, COP will be a lot of talk with little action.

Source: C3newsmag.com

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OMV Petrom awards drilling contracts to Transocean, Halliburton for Black Sea natural gas project

Energy News Beat

(WO) – OMV Petrom has made significant progress in developing the Neptun Deep project. The company has signed an agreement with an estimated value of $350.45 million for the semi-submersible drilling rig Transocean Barents for a minimum period of one and a half years.

Additionally. a contract of approximately $150.94 million was signed with Halliburton Romania for integrated drilling services. These are in addition to the previously announced $1.73 billion contract with Saipem for the offshore facilities, as well as other smaller contracts.

Christina Verchere, OMV Petrom CEO said, “With the award of the drilling rig and integrated drilling services agreements, OMV Petrom has now secured more than 80% of the execution agreements required to deliver the Neptun Deep project. We are working with reputed international contractors and suppliers, who have the skills and experience to deliver this complex project.

“We also count on the experience of our local suppliers, who have specific knowledge of the Romanian environment so that we get the best possible outcome for Neptun Deep project. Our most important objective is to start production safely and on budget in 2027, together with our partner Romgaz, and to support Romania in its transition to become the largest natural gas producer in the EU.”

The agreement for the sixth-generation semi-submersible drilling rig includes crew and associated services, products, equipment and materials. The Transocean Barents is a state-of-the-art drilling rig with a Class 3 dynamic positioning system, anchors and dual RAM Rigs, meaning it can work efficiently at both our shallow and deepwater locations. Mobilization to the Black Sea is scheduled to commence towards the end of 2024, with drilling activities planned in 2025. In total, 10 wells are to be drilled.

Halliburton Energy Services Romania, together with Newpark Drilling Fluids Eastern Europe, will provide integrated drilling services. Halliburton’s international and local experience in Romania will be deployed on a wide range of services such as cementing, directional drilling and well completions.

With these latest commitments, OMV Petrom and ROMGAZ are on track to safely deliver the first gas from Neptun Deep in 2027, and the project remains within the up to $4.31 billion guidance for total investment.

The infrastructure required to develop the fields comprises three subsea production systems, one at Pelican South, and two at Domino, with the associated flow lines and umbilicals, a shallow water offshore gas platform, the main natural gas pipeline to shore at Tuzla and a natural gas metering station.

The offshore platform generates its own power, operating at the highest standards of safety and environmental protection. The wells and fields will be operated remotely, through a digital twin. A key aspect of the development concept is that natural reservoir energy is used to transport the gas to shore, eliminating the need for gas compression. This, together with other design features, ensures that emissions from the Neptun Deep development are kept to a minimum, well below industry norms.

In August this year, the company signed an agreement with Saipem S.p.A. and Saipem Romania SRL with a total estimated value of approximately $1.73 billion for the management, engineering, procurement, fabrication, assembly, maritime transportation, installation, testing and commissioning services for the offshore facilities of the Neptun Deep project. In addition, the contract includes the testing and commissioning of the gas metering station and the near shore and onshore sections of the gas production pipeline.

Source: Worldoil.com

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Neptune Energy makes Norwegian natural gas discovery with fast-track potential

Energy News Beat

(WO) – Neptune Energy, along with partners Wintershall Dea, Pandion Energy, Aker BP and DNO, announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 license, close to the Gjøa field in the Norwegian sector of the North Sea.

Neptune has completed the Ofelia appraisal well, 35/6-4 ST2, in the Agat formation. The estimated recoverable volume is in the range of 16-33 MMboe.

In addition, the 35/6-4 A side-track was drilled into the overlying Kyrre prospect, resulting in a new natural gas discovery. Estimated recoverable resources are between 11-19 MMboe of natural gas, bringing the total recoverable volume from both discoveries to approximately 27-52 MMboe.

Located 23 km north of the Neptune-operated Gjøa platform, Ofelia Agat and Kyrre will be considered for development as tie-backs to Gjøa. Neptune will also evaluate if the company’s oil and gas discovery Gjøa Nord (Hamlet), with estimated recoverable volumes between 8-24 MMboe, can be jointly developed.

The Gjøa platform is electrified with power from shore and produces at less than half the average carbon intensity of Norwegian Continental Shelf fields.

Neptune’s Director of Exploration & Development in Norway, Steinar Meland, added: “The reservoir quality in the Kyrre discovery is very good, which allows for high production rates. We are preparing for several other exciting exploration opportunities in the area, such as the Cerisa well early next year.”

Wells 35/6-4 ST2 & 35/6-4 A were drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell.

Neptune Energy’s Managing Director for Norway and the UK, Odin Estensen, said, “Confirming the Ofelia volume, as well as making another discovery nearby, further strengthens our understanding of the Greater Gjøa Area, which is an important growth hub for the business in Norway.  The dual discoveries allow for a potential fast track, low cost, and low carbon development.”

Source: Worldoil.com

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US approaching end of Ukraine aid – Biden

Energy News Beat

Russian President Vladimir Putin is “banking” on Washington failing to deliver for Kiev, the US leader claimed

Washington is approaching the end of its ability to provide military aid to Kiev amid its conflict with Moscow, US President Joe Biden has said, again urging lawmakers to approve more assistance for Ukraine before Congress goes into holiday recess in less than a week.

Biden, who met with his Ukrainian counterpart, Vladimir Zelensky, in the Oval Office on Tuesday, promised that he “will not walk away from Ukraine, and neither will the American people.”

Kiev will emerge from its conflict with Moscow “proud, free, and firmly rooted in the West unless we walk away,” he stressed.

During the meeting, the US leader announced another military aid package of $200 million for Ukraine, which includes air defense interceptors, artillery, and ammunition. However, the sum is comparatively insignificant compared to the $111 billion in military and economic assistance that Washington had already provided to Kiev since February 2022, when Russia launched its military operation in Ukraine.

“Without supplemental funding, we are rapidly coming to an end of our ability to help Ukraine respond to the urgent operational demands that it has,” he said.

The Biden administration’s attempts to push through a $106 billion ‘national security package’ for Ukraine and Israel have been facing stiff resistance from hardline Republican lawmakers, who have demanded stricter immigration control on the southern US border in exchange for approving the bill.

This “small number of Republicans… don’t speak for the majority of even Republicans,” the president claimed. He said the talks with the lawmakers to resolve the deadlock are continuing, adding that he was “hopeful we can get there, and I think we can.”

“[Russian President Vladimir] Putin is banking on the US failing to deliver for Ukraine. We must prove him wrong,” Biden insisted.

Congress needs to pass more funding for Ukraine “before they break for the holiday recess before they give Putin the greatest Christmas gift they could possibly give him,” he added. However, as an Orthodox Christian, President Putin celebrates Christmas not on December 25 as is customary in the West, but on January 7.

Unnamed US officials told the New York Times earlier this week that Ukraine “will have to fight on a tighter budget” from now on. The sources also blamed the leadership in Kiev for having “unrealistic expectations about what the US will supply” and asking for military aid packages that “do not exist.”

According to the officials, after the failure of Kiev’s counteroffensive, Washington wants Kiev to focus on holding onto the territory it still controls while building up forces and supplies over the next year.


READ MORE:
Biden pledges $200 million for Ukraine after Zelensky meeting

Moscow has repeatedly warned that deliveries of weapons to Ukraine by the US and its allies will only prolong the fighting and increase the risk of a direct military confrontation between Russia and NATO. Russian officials have also argued that the provision of arms, intelligence-sharing, and training of Ukrainian troops means that the Western nations have already become de facto parties to the conflict.

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NTS launches LNG-powered bulker for EPS

Energy News Beat

China’s New Times Shipbuilding has hosted a launching ceremony for one LNG-powered bulk carrier it is building for Eastern Pacific Shipping.

NTS floated out the 210,000-dwt LNG dual-fuel bulk carrier, Mount Gower, on December 9 for Idan Ofer’s EPS.

The Chinese yard is building in total eleven 210,000-dwt LNG dual-fuel bulk carriers for EPS.

This 299.95 meters long LNG-powered bulker is the tenth vessel in the batch, according to NTS.

Image: NTS

Last year, EPS took delivery of the 209,000-dwt Mount Tourmaline and the 209,000-dwt, Mount Nova Terra, the first and second LNG-powered Newcastlemax bulk carriers in its fleet.

China’s Shanghai Waigaoqiao Shipbuilding, a part of CSSC, built these two ships which serve Australian miner BHP under long-term charters.

New Times also delivered the 210,000-dwt LNG-powered bulk carrier, Mount Gaea, in November last year and this vessel serves BHP under a charter deal as well.

BHP has chartered in total five LNG-fueled Newcastlemax bulk carriers from EPS, while Rio Tinto took on charter up to six LNG dual-fuelled Newcastlemax vessels.

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HaiSea Marine takes delivery of its first LNG-powered tug

Energy News Beat

Turkey’s Sanmar has delivered the first of two LNG-powered tugs to Canada’s HaiSea Marine, a joint venture majority owned by the Haisla Nation and partner Seaspan ULC. This tug will serve the Shell-led LNG Canada project.

Sanmar claims HaiSea Kermode is Canada’s first LNG-fueled tug.

The shipbuilder said the tug will soon be joined by its sister tug HaiSea Warrior to form a fleet of five with three Sanmar-built electric-powered ElectRA tugs.

All of these five tugs will serve LNG Canada.

Sanmar recently delivered HaiSea Brave, the third and final electric tug to the JV.

HaiSea Kermode and its siter vessel can run on diesel or LNG, and feature a diesel exhaust after-treatment system that complies with IMO Tier III emissions standards, it said.

Moreover, Sanmar said that a “major advance towards sustainability” lies in the tug’s ability to perform long-distance escort missions solely using LNG.

Based on the RAstar 4000 DF design from Vancouver-based naval architects Robert Allan, the two LNG-powered ASD tugboats have 40.20 m in length, a maximum draft of 7.10 m, and with more than 100 tonnes of bollard pull.

These tugs will generate indirect escort forces of about 200 tonnes, Sanmar said.

Construction of the tug berth facility started in early 2023 and is scheduled to be fully completed in early 2024, LNG Canada previously said.

LNG Canada said the new tug berth is essential to operation of the escort tugs and harbor tugs that will provide ship-assist and escort towing services to LNG carriers calling at LNG Canada’s export facility.

The first phase of the giant LNG Canada project includes building two liquefaction trains with a capacity of 14 mtpa in Kitimat.

The construction of the plant was about 85 percent complete in July and during the same month it completed LNG tank hydro testing at the project site in Kitimat.

Shell and its partners in the project expect to deliver the first cargo by the middle of this decade, and they are also evaluating the second phase of the project.

Other partners include Malaysia’s Petronas, PetroChina, Japan’s Mitsubishi Corporation, and South Korea’s Kogas.

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The State of Copper Recycling in the U.S.

Energy News Beat

The following content is sponsored by the Copper Development Association

The State of Copper Recycling in the U.S.

Copper is essential for a low-carbon economy due to its crucial role in renewable energy technologies.

As a result, many worry that a lack of the metal used in wires and batteries can hurt a transition to a green economy.

In this graphic, our sponsor, the Copper Development Association, explores how recycling can address the demand for copper.

Copper Scrap Recycled in the U.S.

In 2022, the total copper scrap recycled in the U.S. was approximately 830,000 tonnes, equivalent to 32% of the total U.S. copper supply for the same period. Around 670,000 tonnes (81%) originated from pre-consumer sources generated during manufacturing operations, while 160,000 tonnes (19%) came from post-consumer sources, such as obsolete products.

Brass and wire-rod mills accounted for the majority of the copper recycled from scrap (85%). Additionally, smelters, refiners, and ingot makers make 10% and chemical plants, foundries, and other manufacturers around 5%.

Copper from Scrap2022 Content (tonnes)

Brass and wire-rod mills650,000 t

Smelters and refiners40,000 t

Ingot makers39,500 t

Foundries, Other40,000 t

Despite the rising demand for copper, the U.S. predominantly exports its copper scrap.

In 2022, the U.S. exported half of the 1,569,000 tonnes of the copper content generated from scrap. This export trend persisted because, until recent years, the country lacked operating secondary copper smelters capable of processing complex scrap grades into furnace-ready raw materials.

However, reshoring this metal presents an opportunity for the country.

Tapping into the Urban Mine

North America currently has about 86 million tonnes (Mt) of copper in use, known as the Urban Mine. This copper will become available for recycling as aging infrastructure and products reach the end of their service lives:

Buildings: 45.4 Mt
Infrastructure: 16.1 Mt
Consumer Products: 11.2 Mt
Transport: 8.5 Mt
Industrial Uses: 4.8 Mt

Increased secondary smelting and refining capacity is a crucial building block for a more resilient and self-sufficient U.S. copper supply chain.

In response to the growing need for copper, the U.S. plans to add over 280,000 tonnes of secondary smelting and refining capacity in the next few years. This expansion will enable the country to process more complex scrap grades domestically.

Given that copper products can last for decades, creating a lag time before the material becomes available for recycling, primary production will continue to play an important role in meeting the increasing needs in the U.S.

The Copper Development Association (CDA) brings the value of copper and its alloys to society to address the challenges of today and tomorrow. Visit www.copper.org to learn more about why copper is a critical mineral.

The post The State of Copper Recycling in the U.S. appeared first on Elements by Visual Capitalist.

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Spain’s Sagunto terminal gets upgrade to load small-scale LNG vessels

Energy News Beat

Spain’s Sagunto liquefied natural gas import terminal near Valencia has been upgraded and is now ready to start offering LNG bunkering services, according to Enagas.

Enagas said in a statement on Tuesday that the ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Enagas and promoted by Saggas, and the Valenciaport Foundation, has successfully completed the adaptation of the regasification terminal.

Saggas owns the regasification plant located in the port of Sagunto and the firm is a joint venture of Enagas, Osaka Gas, and also Oman Oil. Enagas holds a 72.5 percent stake in Saggas.

Launched in October 2018, the Sagunto upgrade project advances the European Union’s decarbonization objectives in the field of sustainable mobility, while 20 percent of the total investment has been financed with European funds from the European transport aid programme Connecting Europe Facility (CEF), Enagas said.

‘LNGHIVE2: Infrastructure and Logistics Solutions’ is part of the strategy to deploy LNG supply points in ports, and develop the associated market promoted by the Ministry of Transport and Sustainable Mobility through the Spanish Ports Authority.

Santiago Alvarez, CEO of Saggas, said that “participation in this European initiative has allowed us to expand the services offered at our facilities.”

“The adaptation of our quay has made it possible for our facilities to load LNG in small-scale vessels, with a capacity of less than 6,500 cbm, which will contribute to boosting bunkering activity in our area,” he said.

According to GIIGNL, the Sagunto LNG terminal has four LNG storage tanks with a total capacity of 600,000 cbm and a regasification capacity of 6.4 mtpa.

Saggas data shows that the LNG terminal has unloaded 58 vessels in 2022, 20 more than in the previous year, of which 53 percent came from the United States and 17.2 percent from Nigeria.

Also, the terminal has carried out 28 loading operations to large vessels and has loaded 6,039 trucks in 2022.

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Minnesota iron mines explore new technology to reduce energy, water use

Energy News Beat

Minnesota taconite mine operator Cleveland-Cliffs is testing a new method for treating industrial wastewater in hopes of decreasing water, chemical and energy use — as well as costs.

The project is among several efforts by the company to lower its energy use as steelmakers face growing pressure from governments, investors, and customers to reduce the climate impact of their operations.

Energy efficiency is often the quickest and most cost-effective way for companies to cut their carbon footprint. When it comes to mining, the opportunity is as large as the massive trucks and other heavy-duty equipment used to haul and process taconite.

Cleveland-Cliffs was recently recognized by the U.S. Department of Energy for cutting companywide energy use by nearly one-third since 2017. The federal agency’s office of industrial efficiency and decarbonization is monitoring the water treatment project, as well.

“Bringing these emerging technologies out of the laboratory and onto the factory floor is a critical part of reaching our industrial decarbonization goals,” said Avi Schultz, director of the Industrial Efficiency and Decarbonization Office.

Decarbonization refers to the process of lowering or eliminating emissions of carbon dioxide, the heat-trapping greenhouse gas that causes climate change. The steel industry is among the three biggest sources of carbon emissions on the planet, accounting for around 8% of all global carbon emissions. Most steelmakers, including those that own and operate the Iron Range’s taconite mines, have adopted internal goals for reducing emissions.

“One of the most important issues impacting our industry, our stakeholders and our planet is climate change,” Cleveland-Cliffs told its investors this year. “We plan to achieve our GHG emissions reduction goal by focusing on actionable, commercially viable technologies and solutions while supporting research for breakthrough technologies for the primary iron and steel sector.”

It cited its partnership with the U.S. Department of Energy to implement and test energy-saving technology as a key piece of its climate strategy.

Cleveland-Cliffs operates Hibbing Taconite, United Taconite, Northshore Mining and the Minorca Mine on Minnesota’s Iron Range. The company is working with Arizona-based Dynamic Water Technologies on two pilot projects to reduce lost water and energy waste from treating wastewater.

The technologies are first being tested in a Cleveland, Ohio, plant.

Michael Boyko is the CEO of Dynamic Water Technologies, an Arizona-based company producing technology to improve energy efficiency and reduce water use in commercial and industrial settings Credit: Dynamic Water Technologies

Michael Boyko is the co-founder and director of business development for Dynamic Water Technologies. He said the equipment being studied is fundamentally better at what it does.

“These technologies are justified because they do it better, faster, and more cost effectively,” Boyko said. “If they were just an environmental benefit with no water, sewer, or chemical savings, it would be a harder sell to industrial clients.”

The project is piloting two different technologies for oil and hydrocarbon removal. One is called electrocoagulation, and the other is electrochemical water treatment.

Electrocoagulation is done by applying direct-current electricity to iron plates, which creates a coagulant that bonds with contaminants in the water and makes them much larger. These enlarged particles then either float to the top or sink to the bottom, making them easier to remove.

Boyko said this process eliminates the need for several chemical processes and various agitators, mixers and pumps along the way, making it more cost-effective and faster.

“There’s definitely a lot of energy savings, because we’re doing in one process what seven different chemical water treatment systems basically were doing,” he said.

Electrochemical water treatment, meanwhile, replaces chemical treatment of processed water within cooling towers using dynamic scale reactor technology. This technology quickens the natural process of scale buildup from minerals within reactor chambers, sequestering it for later removal. The process allows the same water to cycle through the system eight or more times, instead of as few as three.

Cleveland-Cliffs did not respond to interview requests, but the company touted the technology’s environmental benefits in its most recent sustainability report.

“The alternative technology yielded significant reduction in solid waste from process water, and preliminary data shows it could also increase process water reuse,” the report said.

This technology is already in use at Los Angeles City Hall and the Juliette Gordon Low Federal Building in Savannah, Georgia, with federal government testing validating the positive effects.

Cleveland-Cliffs also participates in the Department of Energy’s Better Buildings program. The voluntary program encourages improved energy performance across industrial operations, which account for more than one-third of total U.S. end-use energy consumption.

“This is essential for the industrial sector, as inattention to greenhouse gas emissions, inefficient energy and water use, and excessive waste production can hurt domestic competitiveness in a global marketplace,” the department says.

A detailed report of the Cleveland-Cliffs project is expected to be issued by the end of the year.

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PipeChina’s Tianjin LNG terminal gets 400th cargo

Energy News Beat

China Oil and Gas Pipeline Network (PipeChina) has received the 400th liquefied natural gas shipment at its Tianjin LNG import terminal.

The 2019-built 174,000-cbm LNG carrier, Pan Africa, delivered last week the milestone LNG cargo to the terminal located in the northern port city Tianjin near Beijing, according to a statement by PipeChina’s LNG terminal management unit.

Pan Asia’s AIS data provided by VesselsValue shows that the vessel, owned by Seapeak and chartered by Shell, brought the LNG cargo from Shell’s QCLNG plant in Australia.

PipeChina LNG Terminal Management said the vessel delivered 62,000 tons of LNG to the facility that now has 270,600 tons of LNG, equivalent to 390 million cubic meters of natural gas, in its tanks and is fully prepared for winter demand in the Beijing-Tianjin-Hebei region.

Image: PipeChina

Earlier this year, the Tianjin LNG terminal started supplying regasifed LNG to the grid only from land-based facilities following the departure of the 2010-built 145,130-cbm, FSRU Cape Ann, which now works in France’s Le Havre.

This unit, previously known as GDF Suez Cape Ann, started serving the Tianjin facility back in 2013 as the first FSRU in China under a sub-charter deal with CNOOC.

Since launch of operations, the Tianjin LNG terminal has received and discharged 25.6 million tons of LNG in ten years, equivalent to about 36.1 billion cubic meters of natural gas, according to PipeChina.

In March, PipeChina completed a 220,000-cbm LNG storage tank as part of the Tianjin LNG Phase II project.

The firm announced last month the launch of the second phase, increasing the regasification capacity to 41 million cbm per day, and the storage capacity to 420 million cbm.

Besides this facility, there are two more terminals in Tianjin and they include the Sinopec facility and the Beijing Gas facility.

China launched PipeChina in December 2019 to acquire pipelines and LNG import terminals from the country’s state-owned energy giants.

PipeChina LNG Terminal Management operates seven LNG receiving terminals, and is building three new LNG terminals.

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