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

Education/Training

SUNY Maritime Among Top Schools for Career Placement

The Princeton Review’s annual college rankings place State University of New York Maritime College among the top 10 in the nation for career placement after graduation.

Campaign for Webb at $28 Mln and Counting

Webb Institute’s Campaign Cabinet, led by President Keith Michel ’73 and Campaign Chair Joseph Cuneo ’57 announced that $28 million (70 percent) of the $40 million

Crowley Celebrates Seven Million Man Hours Without LTI

Crowley Maritime Corporation’s tanker escort and docking services group in Valdez is celebrating over seven million man hours and more than six years since logging its last Lost Time Injury (LTI).

LNG

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

UAE Plans Floating LNG Import Terminal

State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.

Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Simulators
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: 0.0832 sec (12 req/sec)