In LNG Transport & Terminals’ most-read tales of 2021, Qatar making LNG market growth a centrepiece of its vitality coverage was a central theme. The identical was true in 2022. With the small Center Jap nation saying it’s increasing its liquefaction capability by over 40%, investing in additional than 100 LNG carriers and including carbon seize and storage know-how, the collection of EPC, FID and bulletins of tender for long-term charters for the deliberate newbuilding surge to serve the nation’s North Discipline growth has been intently watched by shipyards and shipowners, alike. And whereas the continued roll-out of bulletins surrounding the Qatari challenge has seen as a lot curiosity in 2022 because it did in 2021, different fleet expansions, although small by comparability, caught readers’ eyes as did a latest newbuilding contract for an FSRU.
Among the many LNG sector challenges in 2022 that took our readers’ curiosity, the fireplace and work to restore and restart Freeport LNG’s 15-mta export facility that was broken within the conflagration was a serious story. Shell Australia made headlines, too, when the corporate’s Prelude FLNG facility, which had solely been briefly operational since a 2020 hearth pressured its closure and difficulties in repairing the power adopted, was shuttered for a number of months as a result of a dispute over employee pay.
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1. Shell confirms Prelude FLNG has resumed operations after strike
Labour unions have accredited a brand new enterprise bargaining settlement after a dispute over employee pay on Shell’s Prelude FLNG offshore Australia noticed operations halted for a number of weeks. The Prelude FLNG manufacturing facility has solely been briefly operational since a 2020 hearth pressured its closure and difficulties in repairing the power adopted. Shell stopped manufacturing on the FLNG unit 11 July as the power reached its most capability as a result of working bans associated to the strike stopping protected mooring and offtake of LNG.
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2. Enterprise World LNG ups newbuild programme to 5 200,000-m3 LNGCs
US-based Enterprise World LNG has ordered two extra 200,000-m3 LNG carriers from Daewoo Shipbuilding & Marine Engineering, rising its orders on the South Korean shipyard to 5. “The most recent duo positioned are priced at the next US$250M every, breaching the best whole but for a really giant gasoline provider” famous BRL.
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3. South Korean shipbuilders ‘take in’ Qatari-related LNGC orders
The primary section of Qatar Power’s large LNG provider programme is underway, with contracts signed with South Korean shipyards to assemble 54 vessels. BRL Weekly Newbuilding Contracts reported completion of the primary tranche of orders, noting it was a “tough job matching up all of the Qatar enterprise.” BRL mentioned the entire ships will likely be chartered to Qatar Power and none immediately owned. The 54 ships are barely greater than one-third of the LNG provider newbuilds required by Qatar to fulfill its fleet renewal growth plans.
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4. Excelerate Power indicators FSRU newbuild take care of HHI
Excelerate Power has signed a binding shipbuilding contract with Hyundai Heavy Industries for a brand new floating regasification and storage unit (FSRU) to be delivered in June 2026. The FSRU can have a storage capability of 170,000 m3 and a most regasification capability of 1 billion commonplace cubic toes per day, in accordance with Excelerate.
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5. Freeport LNG restart postponed
Following a hearth and explosion in early June, the power was anticipated to renew preliminary manufacturing in October 2022. Freeport LNG has delayed restarting its Texas-based 15-mta export facility by a minimum of 4 to 6 weeks. The corporate mentioned it anticipates that preliminary manufacturing on the plant can resume “in early to mid-November”. This has since been pushed again to January 2023.
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