Chevron working to resume full Gorgon LNG production after electrical incident

Energy News Beat

Chevron’s unit in Australia is working to return to full production from its Gorgon LNG plant in Western Australia following an electrical incident affecting one of the plant’s three trains.

The Gorgon LNG plant on Barrow Island has three trains and a production capacity of some 15.6 mtpa.

“The incident occurred about 1.30am AWST on Tuesday, October 31, in a substation which provides power supply,” a Chevron Australia spokesperson told LNG Prime on Thursday.

“Personnel were not in the substation at the time of the incident, and no one was harmed,” the spokesperson said.

According to Chevron’s spokesperson, the production train is currently producing at “about 80 percent capacity.”

“Domestic gas and the remaining two LNG production trains at Gorgon are unaffected and are producing at full rates,” the spokesperson said.

Chevron and its workers at the Gorgon and Wheatstone LNG terminals recently agreed on new labor agreements following lengthy negotiations between Chevron and unions representing the workers.

In September, Chevron also resumed full production at its 8.9 mtpa Wheatstone LNG terminal near Onslow after a fault reduced about 25 percent of the plant’s production.

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Inpex shipped 96 Ichthys LNG cargoes in January-September

Energy News Beat

Japan’s Inpex has shipped 96 LNG cargoes from its Ichthys export plant in Australia during the January-September period of this year, 16 cargoes more compared to the same period last year.

A spokesman for Inpex told LNG Prime on Thursday that the Ichthys project also sent 17 plant condensate cargoes, 22 offshore condensate cargoes, and 25 LPG cargoes during the first nine months of this year.

This compares to 80 LNG cargoes, 15 plant condensate cargoes, 20 offshore condensate cargoes, and 24 LPG cargoes during the January-September period in 2022.

The Ichthys LNG terminal shipped 65 LNG cargoes in the first half of this year. This means that the plant shipped 31 LNG cargoes in the third quarter of this year.

The spokesman said that Inpex has shipped 16 Ichthys LNG cargoes more in January-September this year “in part due to the shutdown maintenance we performed last year.”

“Also, we continue to work towards achieving a stable output of 9.3 mtpa,” the spokesman said.

The facility at Bladin Point near Darwin has two trains and a nameplate capacity of 8.9 mtpa but it is expected to reach a production of about 9.3 mtpa this year due to debottlenecking.

Earlier this year, the Japanese firm said that it plans to ship record 132 cargoes of LNG, or 11 per month, from the Ichthys plant in 2023.

Ichthys LNG is a joint venture between operator Inpex and major partner TotalEnergies.

Also, other partners include Australian units of CPC, Tokyo Gas, Osaka Gas, Kansai Electric Power, Jera, and Toho Gas.

Natural gas arrives to the LNG plant at Bladin Point from the giant Ichthys field offshore Western Australia via an 890 kilometers long export pipeline.

Inpex sent this year the 500th cargo of LNG from its Ichthys terminal since the start of operations in 2018.

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US LNG exports drop to 23 cargoes

Energy News Beat

US liquefied natural gas (LNG) exports decreased in the week ending November 9 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 23 LNG carriers departed the US plants between November 2 and November 8, six vessels less compared to the week before.

Moreover, the total capacity of these LNG vessels is 86 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance.

Average natural gas deliveries to US LNG export terminals declined by 0.7 percent (0.1 Bcf/d) week over week, averaging 13.9 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 1.7 percent (0.1 Bcf/d) to 8.6 Bcf/d.

The agency said that natural gas deliveries to terminals in South Texas declined by 0.9 percent (less than 0.1 Bcf/d) to 4.1 Bcf/d.

Natural gas deliveries to terminals outside the Gulf Coast increased 8.4 percent (0.1 Bcf/d) to 1.2 Bcf/d.

Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent three shipments during the week under review.

The Freeport LNG terminal and Venture Global’s Calcasieu Pass each shipped four cargoes, while Sempra Infrastructure’s Cameron LNG terminal dispatched three LNG cargoes.

Also, the Cove Point plant sent one cargo during the week. The Elba Island LNG terminal did no ship cargoes during the week under review.

This report week, the Henry Hub spot price decreased 98 cents from $3.19 per million British thermal units (MMBtu) last Wednesday to $2.21/MMBtu this Wednesday, the agency said.

The price of the December 2023 NYMEX contract decreased 38.8 cents, from $3.494/MMBtu last Wednesday to $3.106/MMBtu this Wednesday, the EIA said.

According to the agency, the price of the 12-month strip averaging December 2023 through November 2024 futures contracts declined 19.9 cents to $3.306/MMBtu.

The agency said that international natural gas futures declined this report week.

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased 36 cents to a weekly average of $17.46/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 73 cents to a weekly average of $14.63/MMBtu.

In the same week last year (week ending November 9, 2022), the prices were $27.91/MMBtu in East Asia and $33.95/MMBtu at TTF, the EIA said.

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Canada’s Pieridae ditches Goldboro LNG export plans

Energy News Beat

Canada’s Pieridae Energy said it will sell its Goldboro unit as part of its strategic pivot away from LNG.

The company has been trying to develop the Goldboro LNG export project for years, including via a floating LNG (FLNG) option.

Back in 2020, Pieridae negotiated extensions of the key deadlines under its long-term deal with Germany’s Uniper.

The firm said in August 2021 it may develop an FLNG project after it failed to make a final investment decision on the company’s $10 billion onshore LNG export development.

Pieridae had previously planned to build an onshore facility with two 5.2 mtpa trains.

The company announced on November 8 that it has initiated a process to sell its Goldboro unit and associated assets, licenses and permits, highlighted by 267 acres of undeveloped coastal industrial land in Nova Scotia.

The firm purchased this land to accommodate the onshore LNG export terminal.

This process is expected to conclude in the first half of 2024 and, once complete, will mark the conclusion of Pieridae’s strategic pivot away from east coast LNG toward an Alberta-focused natural gas production and processing business, it said.

Any cash proceeds from the sale of Goldboro will be used to repay existing indebtedness, in particular the company’s bridge term loan, the firm said.

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Glenfarne’s Texas LNG picks Baker Hughes tech, delays FID to 2024

Energy News Beat

Glenfarne Group’s Texas LNG has selected Baker Hughes to supply gas compression technology equipment, including electric motor drives, for its planned 4 mtpa LNG export terminal.

As part of the partnership between Texas LNG and Baker Hughes, the latter also has a framework agreement to make a strategic pre-FID investment in the project’s late-stage development, according to a statement by Texas LNG issued on Thursday.

The agreement with Baker Hughes facilitates Texas LNG’s “green by design” approach, which intends to use abundant sources of locally procured renewable energy to power the facility and drive the plant’s electric motors, the LNG terminal developer said.

This “green-ready” infrastructure allows Texas LNG to eliminate most CO2 emissions to less than half of a typical LNG export project, making it one of the “lowest-emitting liquefaction facilities in the world,” it said.

Texas LNG said in April that it expects to take a final investment decision to build its LNG export project this year following an order by the US FERC.

FERC issued an order on remand to the planned export terminal in the Port of Brownsville, Texas, owned by Glenfarne Energy Transition’s Texas LNG, following the completion of an additional social cost of carbon and environmental justice analysis.

Last year, the firm said it expected to take FID to build the facility in 2022 and to start commercial operations in 2026.

The developer of the plant also appointed a joint venture of Technip Energies USA and Samsung Engineering to lead the delivery of the facility.

“Texas LNG will close its project financing in 2024 with construction commencing shortly thereafter,” the firm said on Thursday.

Texas LNG said the equipment order is expected to be granted in conjunction with financial close of the project.

The first LNG exports from Texas LNG are expected to be shipped in late 2027 or early 2028, it said.

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UAE’s Adnoc says ‘advancing’ towards Ruwais LNG FID

Energy News Beat

UAE’s energy giant Adnoc is getting closer to taking a final investment decision to build its second LNG terminal in Al Ruwais.

Earlier this year, Adnoc announced it will build its second LNG terminal in Al Ruwais. The firm previously planned to construct the facility in Fujairah.

Adnoc Gas, the gas and LNG unit of Adnoc, recently also awarded US energy services firm Baker Hughes a contract for the planned LNG export terminal.

“We are advancing towards a final investment decision for a project in Ruwais that will establish one of the world’s lowest carbon intensity LNG production facilities,” Adnoc said in a social media post.

The firm did not say when it expects to take the final decision on the large project.

Located in Al Ruwais Industrial City, the project features two 4.8 million tons per annum (mtpa) LNG trains operating on renewable and nuclear energy, which will make it the MENA region’s first LNG project to be powered by “clean energy”, according to Adnoc.

Adnoc also noted the procurement of $400 million all-electric compressors is already underway.

Once operational, the facility will more than double Adnoc’s LNG production capacity from 6 mtpa to 15 mtpa, it said.

Adnoc owns a 70 percent stake in Adnoc LNG, that currently produces about 6 mtpa of LNG from its facilities on Das Island.

The energy giant launched Adnoc Gas on January 1 as it looks to further expand its international presence.

Adnoc Gas recently signed a deal to supply LNG to Jera Global Markets, a joint venture between majority shareholder Japan’s Jera and France’s EDF, and it signed a deal with a unit of state-owned PetroChina.

Earlier this year, Adnoc Gas signed a three-year LNG supply deal with a unit of France’s TotalEnergies.

After that, the firm signed a long-term deal to supply LNG to India’s top state oil refiner Indian Oil, and it signed a deal worth up to $550 million with Japan Petroleum Exploration (Japex).

The total value of LNG supply agreements signed by Adnoc Gas since its listing in March this year is between $9.4 billion and $12 billion, the firm previously said.

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Italy’s Snam to launch Ravenna FSRU capacity auctions

Energy News Beat

Italy’s Snam is working to launch in the upcoming period auctions for regasification capacity at its planned FSRU-based LNG import terminal offshore Ravenna in the Adriatic Sea.

This will be Italy’s third FSRU-based LNG import terminal after the launch of Snam’s Piombino FSRU-based facility earlrier this year.

Snam’s 170,000-cbm Golar Tundra received its first commercial LNG cargo in Piombino from Italy’s Eni in July.

The company’s CEO Stefano Venier, said on Thursday during Snam’s third-quarter earnings call that the Piombino FSRU received in total three LNG cargoes since July.

He said that Piombino regasification slots are fully booked for thermal year 2023/2024.

Besides this facility, Snam owns the Panigaglia facility and has stakes in the FSRU Toscana and the Adriatic LNG import terminal.

Last year, Snam purchased BW LNG’s 2015-built FSRU BW Singapore for $400 million, and will install it offshore Ravenna.

The FSRU has a maximum storage capacity of about 170,000 cubic meters of LNG and a nominal continuous regasification capacity of about 5 billion cubic meters per year.

It currently works in Egypt and the FSRU’s charter contract with Egas expires in November 2023.

Snam already awarded the Ravena FSRU contracts and started construction in Ravenna.

“We will launch by year-end or in the beginning of 2024 the capacity auction for the second vessel to be operational in Ravenna by the end of next year,” Venier said.

During the call, Venier also discussed possible opportunities in M&A and mentioned that ExxonMobil is working to sell its stake in the Adriatic LNG terminal.

The world’s first offshore gravity-based LNG import terminal sits about 14 kilometers offshore of Porto Levante and has regasification capacity of about 9 bcm per year.

ExxonMobil has a 70.7 percent stake in Adriatic LNG, while QatarEnergy holds 22 percent and Snam owns 7.3 percent.

“As you know, ExxonMobil and QatarEnergy are negotiating with BlackRock the acquisition of a stake in Adriatic LNG,” Venier said, adding that the company has the right to increase its stake in the facility.

He said that these talks have not ended yet, “so we don’t know the final conditions and terms that will be agreed by the three parties.”

Once Snam receives these conditions, the company will evaluate whether it will increase its stake in the LNG facility, he said.

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Certain COVID-19 Vaccines Linked To Elevated Risk Of Guillain-Barré Syndrome

Energy News Beat

Authored by Ellen Wan via The Epoch Times (emphasis ours),

As the vaccination rate continues to rise, an increasing number of side effects are being reported. Research indicates that COVID-19 viral vector-based vaccines increase the risk of Guillain-Barré syndrome (GBS) by three to four times compared to mRNA-based vaccines.

The Link Between Vaccines and Guillain-Barré Syndrome Risk 

Increasing evidence suggests an association between COVID-19 vaccines and Guillain-Barré Syndrome. One study revealed an increase in GBS cases within 42 days of receiving the first dose of the AstraZeneca vaccine. The researchers suggest a potential link between the AstraZeneca vaccine and the increased risk of GBS.

In March, a prospective surveillance study published in Scientific Reports indicated that out of 38,828,691 doses of COVID-19 vaccine administered in Gyeonggi Province, South Korea, between February 2021 and March 2022, 105,409 adverse events were reported, including 55 cases of GBS.

After assessing the risk factors for GBS following COVID-19 vaccination, it was found that viral vector-based vaccines were linked to a three-to-fourfold higher risk of GBS compared to mRNA-based vaccines.

In terms of age and gender, the incidence of GBS was higher in individuals aged 60 and older compared to younger age groups, and it was more common in men than women.

Based on a vaccine mechanism evaluation, the incidence rate of GBS for viral vector-based vaccines was 4.49 cases per million doses, higher than mRNA-based vaccines (Pfizer and Moderna) which had an incidence rate of 0.80 cases per million doses.

The researchers are urging health care providers to closely monitor individuals following COVID-19 vaccination, especially men who received their first dose of viral vector-based vaccines.

Onset of GBS Following COVID-19 Vaccination 

In 2021, the British Medical Journal published a case study in which a 48-year-old man from Malta experienced facial paralysis on the left side of his face 10 days after receiving the first dose of the AstraZeneca vaccine. He was diagnosed with Bell’s Palsy grade III and received treatment with prednisolone, an oral corticosteroid, as well as eye drops and eye care.

The patient had pre-existing blood lipid abnormalities before vaccination, but no other relevant medical history or history of infections.

The patient also experienced intense and excruciating pain in the central area of the back, with conventional pain relievers proving ineffective. Over the next 24 hours, the patient’s facial paralysis symptoms progressively worsened, and similar symptoms appeared on the right side of the face.

Three days later, the patient developed grade V facial nerve paralysis on both sides of the face, and the severe back pain persisted. However, neurological examinations did not reveal any defects. The patient underwent a lumbar puncture, which revealed elevated protein levels (1,264 milligrams per liter) and an excess of lymphocytes beyond normal values, leading to a diagnosis of GBS. Subsequently, the patient was discharged after an improvement in facial paralysis symptoms.

However, in less than 24 hours, the patient returned to the emergency department with symptoms including lower limb weakness, absent reflexes, foot drop, moderate weakness in the hands, and pain sensations when wearing gloves or long socks. The doctor administered intravenous immunoglobulin (IVIg) at a dosage of 2 grams per kilogram of body weight, which continued for five days, along with oral prednisolone.

Subsequently, the patient’s condition rapidly improved, with significant recovery in muscle strength and limb paralysis, and complete disappearance of the facial paralysis symptom. After undergoing intensive physical rehabilitation therapy, the patient regained the ability to function independently. A follow-up examination two months later revealed only mild weakness in both hand muscles.

Researchers believe that among the various side effects of different vaccines, neurological complications may be one of the most severe, thus causing the greatest concern.

GBS affects multiple peripheral nerves in the body (polyneuropathy). Peripheral neuropathy can also affect the nerves controlling functions of the heart and circulation system (cardiovascular autonomic neuropathy).

Symptoms of Guillain-Barré Syndrome

According to National Health Service in the UK, Guillain-Barré Syndrome is a rare and severe neurological disorder caused by an immune system dysfunction, with an extremely low incidence rate.

Under normal circumstances, the immune system attacks any pathogens that make their way into the body. When the immune system malfunctions, it can mistakenly attack and damage the nerves.

The symptoms of GBS typically begin in the hands and feet before spreading to the arms and legs. Common symptoms include numbness, pins and needles, muscle weakness, pain, as well as balance and coordination problems. These symptoms may worsen over the next few days or weeks and then gradually improve. In severe cases, GBS can lead to difficulties in walking, breathing, or swallowing. Occasionally, it can be life-threatening, and some individuals may experience long-term complications. If you experience any symptoms of GBS, it is crucial to seek immediate medical attention.

According to the latest records released by the Vaccine Injury Compensation Program of the Taiwan Ministry of Health and Welfare on Aug. 10, a total of 150 GBS cases related to adverse events following COVID-19 vaccination have been reviewed. Among them, a 56-year-old Mr. Tsai from Taipei experienced numbness in all four limbs, breathing difficulties, and unsteady walking after receiving the AstraZeneca vaccine. Additionally, two individuals who received the Moderna vaccine reported symptoms, including numbness and weakness in their upper and lower limbs, thigh pain, and more. All of them sought medical attention, and neurological tests confirmed Guillain-Barré Syndrome in all three cases. The Ministry of Health and Welfare offered compensation of TWD 450,000 (nearly $14 million), TWD 70,000 ($2,166), and TWD 250,000 (nearly $8000), respectively.

Treatment of GBS

According to the National Institutes of Health, there are currently two commonly used treatment methods to interrupt immune-related nerve damage: plasma exchange and intravenous immunoglobulin therapy. Both treatment options show no significant difference in effectiveness if started within two weeks of GBS symptoms onset.

1. Plasma exchange: This procedure involves extracting some of the patient’s blood through a catheter, treating it to remove blood cells, and then reintroducing it into the body. Plasma contains antibodies, and plasma exchange helps remove harmful antibodies that damage the nerves.

2. Intravenous immunoglobulin therapy: Immunoglobulins are proteins naturally produced by the immune system to target invading organisms. This therapy can lessen the immune system’s attack on the nervous system and shorten recovery time.

According to Taiwan’s Far Eastern Memorial Hospital, it is recommended to closely monitor fluctuations in heart rate and blood pressure, as well as regularly assess the degree of respiratory muscle weakness. This is crucial because the condition can progress to respiratory failure or lead to life-threatening arrhythmias, necessitating intubation or pacemaker implantation to maintain cardiopulmonary function. Additionally, pain management and early rehabilitation exercises can help alleviate symptoms and restore muscle strength.

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Top LNG importer China re-selling more cargoes, eyes trading gains

Energy News Beat

China, the world’s top importer of liquefied natural gas (LNG), is increasingly re-selling some of the super-chilled fuel to other Asian buyers as it looks to profit from price swings.

Armed with a growing portfolio of long-term supply deals recently struck with Qatar and U.S. exporters, as well as extensive terminal capacity, Chinese companies led by state giant PetroChina are more actively trading LNG, but still lag far behind global majors such as BP, Shell and TotalEnergies.

Chinese customs data shows that China reloaded 617,000 metric tons of imported LNG during the first nine months of this year, compared with 576,000 tons in all of 2022, 26,000 tons in 2021 and 59,000 tons in 202

China’s LNG sales have increased along with rising Asian demand after the disruption in Russian exports to Europe from the Ukraine war sparked price volatility and tightened supplies globally.

Asia spot prices soared to record highs of $70 per million British thermal units (mmBtu) last year. They have since eased to $17/mmBtu, encouraging demand from Asian buyers, but are still above single-digit levels seen before Russia’s invasion of Ukraine and the COVID-19 pandemic.

Top Chinese LNG trader PetroChina International (PCI) is spearheading the retrading, which is recorded by Chinese customs as exports from bonded storage tanks.

South Korea has been the top buyer so far this year, taking 27% of China’s reloads, followed by Thailand, Bangladesh, and Japan, as well as Kuwait, Chinese customs data showed.

“We need to pull all levers when it comes to managing market swings,” Zhang Yaoyu, PCI’s global head of LNG, told Reuters.

Re-selling LNG cargoes is one initiative among others – such as using financial derivatives products and developing infrastructure like regasification terminals and underground storage – to offset market volatility and improve overall supply security, he said.

Still, the trading volume is a small fraction of PCI’s supply portfolio, and fluctuates depending on market conditions, Zhang added.

While Qatari contracts carry rigid destination clauses, most U.S. supplies and some purchases from global portfolio players are tradeable.

China also receives some LNG from Australia and Indonesia with flexible destination clauses.

HAINAN ISLAND HUB

State trader CNOOC and privately controlled Jovo Energy also re-exported a cargo each this year, both to Japan, Kpler data shows.

The main reloading point has been the Yangpu regasification terminal, in the southern island province of Hainan, which can handle 3 million tons of LNG annually and is closer to southeast and south Asian buyers than China’s east coast terminals, according to Kpler and ICIS.

Chinese LNG buyers have also been setting up or expanding trading desks in London and Singapore to better manage their supply portfolios.

CATCHING UP

China is now the world’s second largest LNG re-exporter after Spain, which exported 1.7 million tons in 2022 and 1.15 million tons so far in 2023, Kpler data showed.

“This could lead to it taking up a similar role in Asia to one that Spain has had in Europe… as a key centre for reloading cargoes, helping to offer flexibility to the market,” said ICIS LNG analyst Alex Froley.

China’s LNG receiving capacity is expected to expand 30% to nearly 182 million tons annually by 2025 from 139 million tons this year, CNOOC has estimated.

Source: Zawya.com

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Venture Global Accused of Reneging on LNG Contracts for Europe

Energy News Beat

European oil majors have asked a cross-Atlantic government task force to intervene in a dispute with Venture Global LNG Inc., warning that the US supplier “reneging” on contracts to supply liquefied natural gas threatens Europe’s energy security and undermines the US as a reliable supplier.

In separate letters, Shell Plc and BP Plc accuse Venture Global of “misconduct” for withholding fossil-fuel cargo agreed under long-term contracts and instead opting to sell LNG on the spot market at higher prices. The letters Bloomberg News has seen were sent by the companies in October to an energy-security task force set up by the US and European Union.

Venture Global responded on Nov. 10, saying that the accusations are “false” and that a request for governments to interfere in agreements among private companies is “outrageous.”

The FT first reported on the letters. It cites another from Italy’s Edison SpA claiming Venture Global stands to gain $17.5 billion from short-term market sales, compared to $2.8 billion under long-term contracts, according to a Wood Mackenzie report.

Venture Global said the “highly coordinated attack” by the European energy industry is an attempt to “modify their contracts and stifle competition” in the global LNG market.

Source: Rigzone.com

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