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 Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Education/Training

BCG Upgrades Virtual GMDSS Simulator

Buffalo Computer Graphics (BCG) Inc. released an updated version of its Virtual Global Maritime Distress and Safety System (VGMDSS) Simulation software. BCG’s VGMDSS

Gazprom Constructs Sports Complex in Stavropol

Stavropol hosted today a groundbreaking ceremony of a versatile sports & recreation complex of Gazprom. The sports & recreation complex will include a 50 meter Olympic swimming pool,

New Simulation Tool for Collision Reconstruction

BMT ARGOSS and BMT Surveys, subsidiaries of BMT Group Ltd, the international design, engineering and risk management consultancy, announced an innovative new service

LNG

US Shipyard to Produce GTT's LNG Membrane Tanks

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), via its U.

Skangass Builds LNG Terminal in Pori, Finland

With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016.

Louisiana to Get Natural Gas Liquefaction and Fueling Facility

Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc.

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1652 sec (6 req/sec)