Ahead of the World LNG Summit & Awards Evening to be held in Barcelona, Spain, from 12 – 15 December 2016, CWC has announced the shortlisted companies for the ‘CWC LNG Award for Outstanding Contribution.’
The Coral South Floating LNG (FLNG) represents the first LNG development in East Africa and Mozambique, which is a region with enormous reserves and potential to become an exporter to rival Qatar and Australia. This development is also novel in that it is the first FLNG platform and the volume has been sold on a free on board (FOB) basis. This has only been possible because Eni and its partners (ENH, Kogas and GALP), as well as BP have been able to bring their unique technical, shipping and commercial strengths to develop the project.
For successful delivery of the Sabine Pass liquefaction project – and a commercially innovative supply model.
On the 24 February 2016, the first LNG cargo was shipped from Cheniere’s Sabine Pass LNG facility in Louisiana, US. This represented the culmination of a six-year process to permit, finance, commercialise and build the additional liquefaction facilities at the plant which now allow it to export, as well as import LNG.
Cheniere was the first company to apply for a long-term export license from the ‘lower 48’ US in July 2010 and the first company to reach start-up. Two liquefaction trains at the Sabine Pass facility are now operational and have achieved substantial completion in 2016. Train 3 has now started commissioning. To date, over 30 cargoes have been loaded at the facility, representing around 2 million t of LNG. These have been delivered to markets worldwide including Latin America, Europe, the Middle East and Asia – underlining the flexible nature of the supply.
For the discovery of Zohr gas field and unlocking new supply in Mozambique (Coral FLNG).
Panama Canal Authority
For opening the new locks and changing the inter-basin LNG flows forever.
For developing new LNG markets and creating more efficient LNG supply chains while carrying out the biggest ever integration of two LNG businesses – Shell and BG.
Shell’s £36.4 billion acquisition of BG was a strong demonstration of commitment to the future of the LNG industry and led to the biggest combination of two LNG businesses in history.
Previously, both Shell and BG were separately considered pioneers and leaders in the LNG industry, but each with a different history, philosophy and business model. Shell had developed its LNG position from being an upstream producer to being present across the full LNG value chain, was innovative in technological advancements and had led the development of some of the strongest LNG projects in the industry. BG, on the other hand, had grown its LNG portfolio from the market side, and had developed a reputation for agility and commercial innovation.
After the combination of Shell and BG in February 2016, the newly combined organisation maintained safe and reliable operations under our LNG purchase and sale contracts, while behind the scenes the two former competitors integrated our portfolios and learnt to work together and shared each other’s best practices.
Since this time, Shell has continued to focus on developing the LNG market, improving LNG supply chain efficiencies, collaborating with our partners, meeting our customer’s needs, and maintaining the highest safety standards of our industry.
Recent examples include:
- Sanctioning in partnership with Her Majesty’s Government of Gibraltar a new small scale supply chain and unlocking a new market for LNG.
- Making the first LNG passage through the Panama Canal, which will improve the competitiveness of US sourced LNG in key Asian markets.
- Providing a cleaner fuel for transport through the partnership with Carnival Corp. to supply LNG as fuel for cruise ships, and making LNG bunkering in Singapore a reality in partnership with Keppel.
- Working with the government, the Singapore LNG terminal and Singapore’s gas buyers to secure one of the two LNG import licenses recently awarded in Singapore.
For developing such a mixed and large portfolio of trading activities including storage assets in India and Singapore.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09112016/cwc-announces-shortlist-for-outstanding-contribution-award/