Suez to Build LNG Terminal in Chile

Wednesday, October 10, 2007
Utility Suez (NYSE:SZEZY) said its energy division, in conjunction with copper producer Codelco, is to construct a liquefied natural gas (LNG) regasification terminal in Mejillones, in the region of Antofagasta, Northern Chile. The group said investment in the project, to be owned by newly created company GNL Mejillones SA -- 50 per cent owned by each of Suez and Codelco -- will amount to $500m. In a first phase between 2009-2012, the project will see the construction of a jetty and an on-shore LNG regasification terminal with a send-out capacity of 5.5 mln cubic metres of gas, sufficient to produce 1,100 megawatts (MW) of electricity. An LNG vessel, with a storage capacity of approximately 135,000 cubic metres, will be permanently moored and serve as a floating storage. In a second phase, an on-shore storage tank of 160,000 cubic metres will be built. During the coming months, the feasibility studies for this tank, which will convert the project into a long-term solution, will be initiated. The construction of this tank will take three years. The terminal will be built by the Spanish engineering company Tecnicas Reunidas and the jetty by the Chilean company Belfi. Tractebel Engineering is in charge of the basic design, coordination and supervision of the construction. A unit of Suez's energy unit, Andino, will be responsible for the operation and maintenance of the terminal. GNL Mejillones is making progress in terms of environmental permits and other authorizations necessary to build and operate the plant, Suez said. It added that GNL Mejillones has signed contracts for the sale of natural gas (equivalent to 450 electric MW baseload) from the end of 2009 onwards, with four main companies: Codelco, BHPB, Collahuasi and El Abra. Suez will supply the LNG during the first three years of the terminal's operation. Suez said the project helps to guarantee short and long-term energy supply security in the north of Chile, which is still affected by the gas supply restrictions from Argentina. [Source: Thomson Financial]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Education/Training

ABS’ Wiernicki Addresses SUNY Maritime Grads

ABS Chairman, President and CEO Christopher J. Wiernicki addresses SUNY Maritime College graduates, awarded honorary Doctor of Science   Christopher J. Wiernicki,

MPA Conducts Ferry Evacuation Exercise To Test Emergency Preparedness

The Maritime and Port Authority of Singapore (MPA) held a half-day ferry evacuation exercise today to test the readiness of various agencies to respond to potential

Aydin Marine Debuts Multi-Touch K-17T

Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable

LNG

Crowley Christens Third LNG-ready Product Tanker

Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans.

MOL Launches Coastal LNG Transport in Indonesia

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President

Egypt to receive first LNG shipment from Rosneft in May

Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters on Thursday.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0708 sec (14 req/sec)