1. BAML structured the first deal to facilitate the commissioning of a new LNG terminal in the Netherlands called Gate, involving the supply of LNG, hedging, and distribution of natural gas.
2. BAML took on the risks associated with LNG supply, price fluctuations, delivery schedules and output levels during the three-month commissioning period. They sourced LNG from BP and hedged price risks between the UK and Dutch gas markets.
3. An earthquake in Japan disrupted LNG markets during commissioning, but BAML was able to rely on supply partnerships and manage risks and contracts through the unexpected event.
This study was commissioned by MARAD (US government) and conducted by DNV GL.
The study looks at the LNG bunkering of ships in US, so that LNG use as fuel for ships can be developed further.
The report was released to the public by MARAD in September 2014 and hence you can find it here.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
EY presented at the 22 World Petroleum Congress, focusing on the impact of the lower oil price on LNG megaprojects, the opportunities and challenges to adopt new practices to make megaprojects more cost effective.
This study was commissioned by MARAD (US government) and conducted by DNV GL.
The study looks at the LNG bunkering of ships in US, so that LNG use as fuel for ships can be developed further.
The report was released to the public by MARAD in September 2014 and hence you can find it here.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
EY presented at the 22 World Petroleum Congress, focusing on the impact of the lower oil price on LNG megaprojects, the opportunities and challenges to adopt new practices to make megaprojects more cost effective.
DNV GL's long experience is now put on paper outlining the main issues as far as batteries use as fuel. Projects like the Viking Lady and the newly built NORLED vessels exhibit the vast experience we have in this field.
The liquefied natural gas sector has experienced large growth in the last decade and is expected to grow more in the decades to come.
WorleyParsons recently completed a study for the Global CCS Institute to identify the trends in the LNG sector and to make a range of assessments on how these trends may impact on the CCS industry.
At this webinar, Graeme Cox, Principal Consultant from WorleyParsons focused on looking at industry wide and project specific aspects of LNG and relate these to industry wide and project specific aspects of CCS. The cost escalation of LNG projects was explained as well as the impact this may have on the deployment of CCS.
Graeme concluded by identifying opportunities whereby LNG and CCS can be integrated.
Webinar: The business case for CCS in the power industry: a case study of the...Global CCS Institute
Developing the CCS power industry sustainably requires projects to deliver a suitable return on investment, in order to accommodate the risks inherent in the technology. But, the cost of CCS facilities is not yet covered by electricity sales revenue at current wholesale power prices anywhere in the world, nor is it covered by the ability to earn income from avoiding or reducing CO2 emissions. Building a business case for CCS power is therefore a major challenge.
The Global CCS Institute webinar that was held on Monday 22nd July was presented by 2Co Energy, sharing the real-life CCS business case for its CCS project in the UK, the Don Valley Power Project (DVPP). By sharing this information, 2Co Energy, which is known for its belief in the contribution CO2 Enhanced Oil Recovery (EOR) can make to enhancing the economics of CCS, will present practical information that can be of use to other CCS practitioners as they develop their own business cases for CCS around the world.
The webinar covered the following topics:
A brief overview of 2Co and its CCS project in the UK, DVPP
A brief summary of existing business case studies made by other Members of the Institute, highlighting what was considered most important by them
The market and regulatory context for CCS faced by DVPP and other projects in the UK
The financing challenge that 2Co faces and the resulting financing strategy
The resulting business plan, including revenue and cost profiles, sensitivities and prospects for future cost reduction
Key risks to the project and mitigation plans.
The webinar will be of interest to CCS business developers, commercial professionals, policy makers, and regulators with an interest in enabling a CCS power industry.
New base energy news issue 951 dated 20 november 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 20 November 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Kuwait:New 120 fuel stations in Kuwait to be offered for bidders
• Canada sees Malaysin Petronas taking $27bn LNG decision by April
• Mozambique: Eni approves investment plan for Coral South
• Norway:OMV, Wisting Arctic discovery exceed one B.barrels
• US: Amount of natural gas in storage reaches new record
• Oil Caps Weekly Gain After OPEC Holds Informal Talks With Russia
• OPEC-Russia Talks on Oil Cuts Leave Key Details Unresolved
• US:Oil Drillers Add Most Rigs in 16 Months Amid Market Optimism
• Glencore seeks $550 million to raise stakes in Kurdish oil game
• How Big Oil Loses Even Without Peak Demand
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy since 2010
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...Khaled Al Awadi
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Hawk Energy is pleased to present you with its latest energy news
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi
https://www.linkedin.com/posts/khaled-al-awadi-38b995b_newbase-energy-activity-7199590540223397888-1Qgd?utm_source=share&utm_medium=member_desktop
Regards.
Founder & S. Editor NewBase EnergyError! Filename not specified.
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Greetings,
Attached FYI ( NewBase Special 02 February 2015 ) , with
energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Remaining bidders weigh tough terms for stake in Abu Dhabi’s prime oilfields
• TAQA, Halliburton sign JV on chemical plant in Jubail City
• Saudi Aramco Stops Red Sea Deepwater Exploration Work
• Algeria: Shale gas "complement" energy mix, says former Sonatrach CEO
• US:Oil workers begin first large-scale strike since 1980
• US: Growing HC gas liquides( HGL) production spurs petrochemical industry investment
• Chevron to stop Poland shale gas exploration
• U.S. Oil Drillers Idle 94 Rigs in Biggest Retreat Yet
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news 14 november 2020 issue no-1387 senior editor eng- kh...Khaled Al Awadi
NewBase Energy News 14 November 2020 - Issue No-1387 Senior Editor Eng- Khaled Al Awadi NewBase Energy News 14 November 2020 - Issue No-1387 Senior Editor Eng- Khaled Al Awadi
Northern Lights: A European CO2 transport and storage project Global CCS Institute
The Global CCS Institute hosted the final webinar of its "Telling the Norwegian CCS Story" series which presented Northern Lights. This project is part of the Norwegian full-scale CCS project which will include the capture of CO2 at two industrial facilities (cement and waste-to-energy plants), transport and permanent storage of CO2 in a geological reservoir on the Norwegian Continental Shelf.
Northern Lights aims to establish an open access CO2 transport and storage service for Europe. It is the first integrated commercial project of its kind able to receive CO2 from a variety of industrial sources. The project is led by Equinor with two partners Shell and Total. Northern Lights aims to drive the development of CCS in Europe and globally.
NewBase 2-September -2022 Energy News issue - 1553 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al AwadiNewBase 2-September -2022 Energy News issue - 1553 by Khaled Al Awadi
New base 27 september 2017 energy news issue 1076 by khaled al awadi
Gate LNG Energy Deal of the Year
1. 1/19/2017 Energy Risk Deals of the Year 2012: BAML's LNG deal with Gate - Risk.net
http://www.risk.net/energy-risk/feature/2157386/energy-risk-deals-2012-bamls-lng-deal-gate 1/4
Energy Risk Deals of the Year
2012: BAML's LNG deal with
Gate
BAML facilitates Dutch Gate LNG terminal commissioning
David Wigan
07 March 2012
Last year Bank of America Merrill Lynch (BAML) became the first global
investment bank to facilitate commissioning of an LNG plant, structuring a
transaction involving liquified natural gas (LNG) supply, hedging and gas
send out for the new Gate terminal in the Netherlands.
The facility, the first regasification terminal in the Netherlands, became fully
operational in early September 2011. BAML managed the commissioning
process over a three-month ‘cool down’ and testing period, during which the
facility temperature was dropped to accommodate LNG’s –170-degree Celsius
2. 1/19/2017 Energy Risk Deals of the Year 2012: BAML's LNG deal with Gate - Risk.net
http://www.risk.net/energy-risk/feature/2157386/energy-risk-deals-2012-bamls-lng-deal-gate 2/4
temperature requirement.
The Gate facility was jointly developed and is owned by Vopak and Gasunie, with
a total project cost of over €800 million, and was a significant milestone in
expanding LNG’s role in European gas supply.
“The key for us, having worked four years on this project, was that we needed a
company that could guarantee to supply the LNG and to take off the gas
molecules and sell them into the market,” says Stefaan Adriaens, commercial
manager at Gate terminal. “It was important that we had certainty on those two
parameters. We also needed a team that was pragmatic and flexible, to handle
any changes in the plan during the commissioning period. And the whole thing
had to be cost efficient.”
Gate spoke to a number of companies before whittling down potential service
providers to a group of five. BAML, which last year won plaudits for a supply and
marketing deal in UK coal-power, first had contact with the company in 2008 and
eventually won the tender in mid-2010. The bank “showed a good level of
transparency and kept us well informed of the different options and possibilities,”
Adriaens says.
Peter Abdo, managing director, head of EMEA commodities origination and
structuring at BAML, says a key advantage in its offering was the bank’s ability to
provide a full menu of services.
“One of the reasons we were successful was that we were in a unique position to
offer full scale capabilities from front to back – from LNG supply, price risk
management and gas molecule distribution on to the Dutch grid. Once we had
signed the deal the risk was ours – from price to delivery and structuring,” says
Abdo. “Over the period of the deal, there were a series of risks – around LNG
supply, particularly after the earthquake in Japan, managing the gas send out, as
We were in a unique position to offer full
scale capabilities from front to back – from LNG
supply, price risk management and gas
molecule distribution
3. 1/19/2017 Energy Risk Deals of the Year 2012: BAML's LNG deal with Gate - Risk.net
http://www.risk.net/energy-risk/feature/2157386/energy-risk-deals-2012-bamls-lng-deal-gate 3/4
well as foreign exchange, credit and performance risk.”
In sourcing the gas, BAML spoke to a number of suppliers before eventually
contracting with BP for the three-month commissioning period, taking delivery of
several LNG cargoes over the summer of 2011. The cargoes needed to have
sufficient flexibility to allow for potential changes to the commissioning
programme – with provision for extended lay times and uneven discharge
requirements.
Once the liquid LNG was in situ, BAML’s team was available to allow short-notice
output testing and gas position management.
“We had a 24-hour, seven-day a week shift team here sitting on the desk looking
after the operation. Having those people here out of normal working hours was
critical to managing the physical gas position for the client,” says Abdo.
In addition, Gate wanted to mitigate its exposure to underlying commodity prices,
and in particular any price changes from the time of contracting to the moment of
delivery.
“Ownership remained with the bank but we were exposed to price risk during the
time we converted LNG into molecules,” Gate’s Adriaens explains. “We wanted
to transform our risk into certainty.”
With the LNG priced against the UK’s NBP index and the gas price against the
Dutch TTF price, BAML’s commodities team needed to manage the spread
between the two indices, as well as fluctuations arising from variable send out of
gas molecules.
“We hedged the spread between those two markets, using futures, index swaps
and managing risk in bilateral deals with the market,” Abdo says. “Because the
terminal was being commissioned, there was an uncertain schedule as to the
volume of molecules flowing out to the Dutch grid. In testing, they needed to max
out the terminal gas send out at certain points, which would have materially
impacted the market price without the hedging and position management we put
in place.”
A particular challenge during the commissioning period was the effect on the
LNG market of the devastating earthquake in Japan, and subsequent shutdown
4. 1/19/2017 Energy Risk Deals of the Year 2012: BAML's LNG deal with Gate - Risk.net
http://www.risk.net/energy-risk/feature/2157386/energy-risk-deals-2012-bamls-lng-deal-gate 4/4
of the Fukushima nuclear power plant. For the BAML team, the earthquake
meant shoring up contracts and relationships on the supply side.
“In a complex transaction such as this, unexpected events can play their part.
This situation proved how important it is to have reliable partners involved
throughout,” says BAML’s Gabriel Gonzalez Laguna, Director, LNG origination.