LNG
NEWS
8
LNG
INDUSTRY
MARCH
2016
DIARY DATES
USA
Emerson to automate liquefaction project
E
merson Process Management has announced
that it has been chosen by Cameron LNG to help
automate its new liquefaction project, adding three
LNG trains to facilitate export of domestic natural
gas to international markets. The company has been
awarded automation contracts for more than half of all
North American LNG export capacity.
Cameron has chosen Emerson Process Management
to provide automation expertise and technologies that
will help Cameron manage the LNG facility’s operations
safely and efficiently.
Three new liquefaction trains will give the
Hackberry, Louisiana, facility the flexibility to export up
to 12 million tpy of US produced natural gas.
Emerson will provide its DeltaV™ distributed
control and DeltaV SIS integrated safety system for
both new and existing portions of the facility. It will
also provide its AMS Suite predictive maintenance
software to optimise the availability and performance
of key production assets. Project specialists in Houston
and in Pune, India, will provide related design and
configuration services to help accelerate the project
schedule.
Norway
Höegh LNG receives financing for seventh FSRU
H
öegh LNG Holdings Ltd has announced that
it has received commitment letters for the
US$223 million financing of its seventh floating
storage and regasification unit (FSRU). The financing
is able to fund 65% of the delivered cost, with a
15-year amortisation profile increasing to 75% and
20 years, respectively, upon a long-term contract
being secured. The structure, which has a five-year
post-delivery tenor, has the flexibility to be able to
be dropped down to Höegh LNG Partners LP together
with the FSRU. The interest rate will be swapped, and
it is expected that it will be fixed at approximately
3.8%. The commitments remain subject to final
documentation. The vessel is scheduled for delivery at
the end of 1Q17.
President and CEO of Höegh LNG Holdings Ltd,
Sveinung J.S. Støhle, said: “With this transaction,
Höegh LNG has once again secured competitive debt
financing for its FSRU fleet expansion, and this time
at the lowest cost ever achieved by the company.
The financing terms reflects the financial strength of
Höegh LNG’s balance sheet in addition to its position
as the market leader in the FSRU segment.”
17 - 18 March 2016
China LNG International Summit &
Exhibition
Beijing, China
11 - 15 April 2016
LNG 18
Perth, Australia
09 - 12 May 2016
Flame
Amsterdam, the Netherlands
29 August - 01 September 2016
ONS
Stavanger, Norway
06 - 09 September 2016
SMM
Hamburg, Germany
04 - 07 April 2017
Gastech 2017
Tokyo, Japan
