![]() ![]() In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This new supply source further enhances bp’s capability to deliver LNG to markets across the world and we look forward to continuing our close collaboration with all those involved in the project.” As the world seeks secure, affordable and lower carbon energy, global demand for LNG is expected to continue to grow. ![]() (a joint venture owned by Eni, ExxonMobil and CNPC), GALP, KOGAS and ENH (Mozambique state entity).Ĭarol Howle, EVP trading and shipping at bp, said: “The start of production from the Coral Sul FLNG facility represents a major milestone for Mozambique, the project partners, and bp as the LNG buyer. In October 2016, bp signed a long-term offtake contract for the purchase of LNG for over 20 years with the Coral sellers comprising of Mozambique Rovuma Venture S.p.A. ![]() As the demand for LNG is expected to continue growing globally, bp continues to diversify its portfolio of LNG sources and develop innovative solutions for customers. The start of production at the facility comes at an important moment, as LNG plays a key role supporting energy security. As bp aims for an LNG portfolio of 30 million tonnes by 2030, the new Mozambique supply source expands bp’s flexible, high-quality LNG portfolio and further enhances the company’s capability to deliver LNG to markets globally. Under its long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG which has the capacity to produce up to of 3.4 million tonnes of LNG per year.īp continues to look for opportunities across the gas value chain, as it sees LNG as an essential part of the energy transition and its own pivot to becoming an integrated energy company. The Gorgon Project is operated by Chevron Australia and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and JERA (0.417 percent).Bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters of the African continent. Australian contractors and suppliers are encouraged to learn more about opportunities on Gorgon Stage 2 and Jansz-Io Compression (JIC) by visiting ICN Gateway. This was always envisaged as part of the original Gorgon development plans. Through the Gorgon Stage 2 and Jansz-Io Compression projects, additional wells and subsea infrastructure will be added to the Gorgon and Jansz-Io gas fields to maintain future gas supply to the three existing LNG trains and domestic gas plant. The first LNG cargo departed Barrow Island on 21 March 2016 and domestic gas supply to the Western Australian market commenced in December 2016. With a predicted project lifespan of more than 40 years, the development of Gorgon is a legacy in reliable energy supply, environmental management, innovative technology and expertise.
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