Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Golar LNG looks to Nigeria to expand power footprint

LONDON, Nov 5 (Reuters) - Golar LNG said on Monday it was in talks with Nigerian authorities about setting up a power project that could use one of its vessels to import liquefied natural gas (LNG).

The company wants to expand beyond its core LNG shipping and terminals business and owns half of the $1.7 billion Sergipe power plant project in Brazil, in which it will also provide a floating storage and regasification unit (FSRU) to take delivery of LNG.

Golar's Chief Commercial Officer Robert Carter said the company was looking into a "fully integrated gas and power project" in the state of Lagos.

"We're in discussions with Nigerian authorities. We're trying to develop a terminal there that could include the utilisation of domestic LNG supplies," Carter told Reuters after local media reported the potential talks.

LNG-to-power projects tend to comprise an LNG import terminal such as an FSRU vessel; infrastructure such as pipelines for the regasified gas; and a power plant which uses the gas as feedstock to produce electricity.

Nigeria is a massive oil and gas producer, with a large LNG export terminal, but still needs to import fuels for vehicles and suffers power shortages due to poor infrastructure and chaotic governance of its energy sector.

Golar has a fleet of 16 LNG carriers and eight FSRUs but has said it plans to expand into the broader LNG business by operating production facilities at the upstream end and participating in power projects at the downstream end.

"We don't invest in a project where there isn't a Golar flag, so to speak," Carter said when asked whether Golar would provide an FSRU for the Nigerian project. "We're talking about a Golar solution."

On the Sergipe project, Golar owns 50 percent of the company operating a 1,500 megawatt power plant and associated infrastructure and will provide an FSRU. It said on Monday the project is on track to start operations in January 2020.

All of Golar's FSRUs, which can also be used as conventional LNG carriers, are currently in use aside from the Golar Tundra which is being used in the spot LNG market.

(Reporting by Sabina Zawadzki; Editing by Susan Fenton)


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Business Trends: Opportunities and risks in the global LNG market
-Michael Hinton
Natural gas use has strongly increased around the globe, supported by higher demand and growing availability of gas.
EWAnalysis: Impact of technology on gas processing plants
-Bob Andrew
The gas processing industry has modernized and embraced technology throughout boom and bust cycles.
Executive Interview: BHGE enhances LNG, process plant services with digital portfolio
-Maria Sferruzza
Maria Sferruzza is President, LNG and Global Services for BHGE’s Turbomachinery and Process Solutions (TPS) business, based in Florence, Italy.
Industry Trends: Five trends shaping the North American gas market to 2030
-Yasmine Zhu
The shale revolution has changed the game for the North American natural gas market over the past decade.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.