Gas to Power Liquefied Natural Gas (LNG)

AG&P delivers world’s first modular FSRU in Senegal

Picture: AG&P

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GAS Entec, a subsidiary of Singapore-based Atlantic Gulf & Pacific International (AG&P) has completed the conversion of a 125,000 m3 LNG carrier for KARMOL, the joint-venture of Turkey’s Karpowership and Japan’s Mitsui OSK Lines.

The converted 84 MMscf/d modular floating storage and regasification unit (M-FSRU) is a first in the world and will be delivering LNG to the 236 MW Karadeniz Powership Aysegul Sultan in the Port of Dakar.

“Gas Entec’s proprietary, patented RegasTainer® technology offers flexibility to scale the capacity of the FSRU up and down from 15 to 300 mmscfd with minimized downtime, allowing the vessel to be repurposed as power requirements grow in a market,” AG&P said in a statement today.

Karpowership’s Ayşegül Sultan power barge was relocated offshore Dakar from Ghana in 2019. It has run on heavy fuel oil (HFO) until the arrival of the KARMOL LNGT Powership Africa FSRU in 2021, and currently represents 15% of Senegal’s electricity supply.

In 2021, the Mauritius Commercial Bank (MCB) announced a $140m syndicated project finance facility to convert the facility to natural gas.

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Wildcat Petroleum granted non-exclusive right over 20 blocks offshore Sierra Leone

LSE-listed Wildcat Petroleum (WCAT) had announced the signing of a Reconnaissance Permit Agreement with the Petroleum Directorate of Sierra Leone (PDSL). The permit grants Wildcat Petroleum non-exclusive rights to conduct reconnaissance operations over 24,000 km2 for a period of six months. The company will notably carry out a desktop study using geophysical and geological data to identify blocks with the highest potential to yield commercially viable oil finds. “If block(s) with the potential of containing commercially viable oil discoveries are identified then WCAT intends to enter negotiations with the PDSL for a Petroleum Exploration and Production Licence(s),” Wildcat Petroleum said in a statement yesterday. The study area notably contains two uncommercial oil discoveries, Mercury and Jupiter, discovered by Anadarko Petroleum, Tullow Oil and Repsol. Based on previous exploration in the country and the presence of hydrocarbon shows in the wells drilled offshore Sierra Leone, Wildcat Petroleum believes there is a working petroleum system there. “In the period since these blocks were relinquish billions of barrels of oil resources have been discovered in the Cretaceous fans beneath the deep waters of the Guyana-Suriname Basin in South America Ð which can be linked tectonically & litho-stratigraphically with the conjugate Sierra Leone Basin,” the company added. Wildcat Petroleum was incorporated in 2020 and was admitted to the London Stock Exchange the same year. In June 2021, the company announced that it would initially focus on securing and developing a proven upstream asset in Angola, with a secondary focus on Namibia for exploration upside.

Sasol launches $5m CNG fund with Mozambique’s National Investment Bank (BNI)

To support gas monetization in Mozambique, Sasol has signed today an agreement with the country’s National Investment Bank (BNI) and the Ministry of Mineral Resources and Energy to set up a $5m fund for the development and expansion of compressed natural gas (CNG) projects. The fund will be financed by Sasol and managed by BNI and open to any individuals or SMEs seeking to convert to gas. “The CNG Credit Line offers special conditions for those interested in converting their vehicles to natural gas, and for retailers wishing to equip their fuel stations with CNG refuelling units,” Sasol said. Sasol is notably expecting the credit line to benefit public transport operators seeking to decrease their reliance on diesel at a time when soaring global prices put pressure on net importers like Mozambique.