Production • Processing • Handling
Energy Financial Services provides capital for energy projects.
Te consortium will identify strategic US locations to develop, own and operate LNG production projects. Additionally, when required in certain markets such as oil and gas and marine, the consortium is capable of providing its customers with complete LNG solutions including transportation and delivery, on-site storage, gasification and dispensing. Eagle LNG Partners is set up to provide proximal and uninterrupted LNG supply which is critical to its customers’ operations. John Shepherd, managing director at GE Energy
Financial Services said, “Natural gas is revolutionising the fuelling of long-haul trucking and other high- horsepower applications. With massive amounts of domestic reserves, America is facing a generational opportunity to move to a more secure, less expensive and cleaner-burning fuel. Eagle LNG Partners’ mission is to provide customers with technology and know-how to confidently make the switch.”
Terminal services In September, the Cove Point LNG project in Maryland, USA - from which Sumitomo and Tokyo Gas are planning to receive terminal services and purchase LNG - received approval from the US Department of Energy (DOE) for LNG export to non-free trade agreement countries. Te project involves the construction of a new natural gas liquefaction facility at the existing Cove Point LNG terminal, which the operator of the project, Dominion, is currently operating as an LNG receiving terminal. Te project aims to start operation from 2017. Sumitomo Corporation and Tokyo Gas view
the approval from the DOE as clearing the way for significant progress in realising the project’s planned LNG export to Japan. In December 2012, Sumitomo, through its wholly owned subsidiary Pacific Summit Energy, signed a terminal services agreement with Dominion for liquefaction services to liquefy natural gas to produce LNG at a volume equivalent to approximately 2.3 million t/annum (mtpa). In April 2013, Sumitomo also entered into a heads of agreement with TG PLUS, a wholly owned subsidiary of Tokyo Gas, and another heads of agreement with Kansai Electric Power for the sale and purchase of LNG from the project in the volumes of 1.4mtpa and 0.8mtpa, respectively. To implement the terminal services agreement and the sale and purchase agreements, Sumitomo and Tokyo Gas are wpreparing to establish a joint venture vehicle. ●
Together we can benefit from system solutions from a single supplier.
With its CPS concept (Complete Piping Solutions) Parker offers you a new, integrated and innova- tive connector technology for hydraulic systems. For an efficient solution you can call on consul- tation, design, prefabrication, delivery and assembly - either individually or as a complete package. Several CPS Manufacturing Centers worldwide stand for a very time- and cost-saving, as well as environmentally sound, manufacturing procedure. These are advantages which can pay off for you, too. Make your request for more information right now.
00800 2727 5374
www.parker.com
For more information ✔ at
www.engineerlive.com/iog
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