Singapore firms, PLN to provide LNG for remote west Indonesia
SINGAPORE (Reuters) — Pavilion Energy and Keppel Corp have signed a heads of agreement with Indonesian state electricity utility PT Perusahaan Listrik Negara (PLN) for small-scale LNG distribution to western Indonesia, the two Singapore companies said on Thursday.
Pavilion Gas and Keppel Offshore & Marine Ltd will work with PLN to distribute LNG to remote parts of west Indonesia, as well as generate electricity at PLN's power plants, the companies said.
"Small-scale LNG enhances Singapore's role as a regional hub for LNG storage and reload, breakbulk and distribution," Seah Moon Ming, chief executive officer of Pavilion Energy and Pavilion Gas, said in a statement.
The agreement follows government discussions on energy cooperation last year and a subsequent feasibility study that demonstrated cost savings and mutual benefits from collaborating in small-scale LNG, Keppel said in a separate statement.
Reporting by Florence Tan; Editing by Richard Pullin
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT