Universal LNG Holdings Inc. and Sembcorp Marine's wholly owned subsidiary, Jurong Shipyardis, have announced the formation of West Africa LNG Development LLC.
West Africa LNG Development is a solution partnership will “set a new, greener standard for global oil production and supply Africa with needed energy resources,” according to a statement from Universal Holdings LNG.
The partnership’s chief concern will be the deployment of new technology to capture and recycle associate gas, which is typically flared at oilfields. West Africa LNG Development’s technology will capture the gas and convert it to clean LNG, which will then supply African nations with much-needed energy resources.
Jeffrey Liu, CEO/Chairman of Universal LNG Holdings, said: "By aligning ourselves with Sembcorp Marine's global leading GraviFloat technology platform, we will make a difference globally and improve the quality of life for underserved people of the African continent […] We are very proud of our affiliation with Sembcorp Marine and feel they are the right kind of technology partner to make this dream a reality."
William Gu, General Manager of Sembcorp Marine, added: "Africa is thirsty for energy, and the GraviFloat offshore solution brings modularity, scalability and a much more affordable solution for the region […] This partnership represents a significant new opportunity for the continent, as Africa will receive the resources it needs to supply electricity and running water to underdeveloped regions."
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13052015/universal-lng-holdings-and-sembcorp-marine-announce-african-lng-initiative-741/