EDF Trading and EXMAR announced today their intention to jointly look for small-scale LNG export opportunities in North America using barge-mounted natural gas liquefaction developed by EXMAR, Wison and Black&Veatch.
The aim would be to bring mobile, self-contained liquefaction units to LNG import terminals in the US using existing pipeline, tank and jetty infrastructure to enable LNG export.
EDF Trading and EXMAR have secured the support of the Wison Group for the provision of turn-key EPCIC services for the construction and commissioning of barge-mounted liquefaction plants. These plants will make use of Black&Veatch’s proven PRICO® single mixed refrigerant liquefaction technology but no commercial terms of the arrangements were disclosed.
“We are honored to join EDF Trading in their LNG export ambitions”, said Nicolas Saverys, CEO of EXMAR. “Building on the experience of EXMAR-Wison-Black&Veatch gained in Colombia, we can deliver a proven, reliable, cost-efficient and fast solution catered to individual project requirements”.
“Barge-mounted liquefaction is a cost-effective and efficient method of producing LNG”, said John Rittenhouse, Chief Executive of EDF Trading. “It is also potentially the quickest route to market and scalable to fit a wide range of applications. We are very pleased to be working with experienced partners like Exmar and Wison, ” he said.
EDF Trading is a leading player on the global gas and LNG wholesale markets. It has its own portfolio of gas assets including production, transmission, transportation, re-gasification, long-term supply and storage. It is the fifth largest marketer of gas in North America and markets around 7.2 bcf of gas a day with firm storage capacity in excess of 47 bcf.
EXMAR is a reputable international shipping and marine services group and a leader in the development and operation of offshore LNG applications and facilities.
The Wison Group is the largest private EPC contractor in China specialising in the design and construction of petrochemical and coal gasification facilities. Wison Offshore & Marine Ltd is a leading contractor to the international offshore oil and gas industry.
EXMAR NV, headquartered in Antwerp, Belgium, is a diversified and independent shipping group serving the international gas and oil industry. Apart from providing the ships for the transportation of these products, it also performs studies and undertakes the management of commercial, technical and administrative activities for the oil and gas industry.
EXMAR strives to create shareholder value over the long term by balancing long and short-term agreements to counteract volatility in the freight market, combined with providing services that are tailored to the needs of the customer.
EXMAR is listed on Euronext Brussels (EXM).
For more information on EXMAR, please visit www.exmar.be
About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.
EDF Trading is one of the largest participants in the global power, gas, coal, freight, oil and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 26, 000 MW of generation under management and the leading electricity trader in Europe. It is also an active participant in US crude oil marketing and transportation.
EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.
For more information on EDF Trading, please visit www.edftrading.com.