[Vietnam] Stena Power & LNG awarded FEED contract by Delta Offshore Energy

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[Vietnam] Stena Power & LNG awarded FEED contract by Delta Offshore Energy

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FEED AGREEMENT BETWEEN STENA AND DELTA OFFSHORE ENERGY FOR VIETNAM ENERGY INFRASTRUCTURE PROJECT ANNOUNCED.

18th May 2021

Stena Power & LNG Solutions today announced it has been awarded a contract by Delta Offshore Energy (DOE) to provide front-end engineering design (FEED) for usage of Stena’s jettyless LNG transfer and regasification solutions.
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Stena Jettyless Floating Terminal. The JFT unit contains all the required equipment, systems and safety features normally installed on a jetty. It can be adapted for all LNG carriers from small distribution / bunker vessels to the largest existing LNG carriers. Designed to cope with wave conditions, the semi-submersible unit ensures high operational regularity, and requires low operational expenditure, as no propulsion, additional large machinery or manpower between loading operations is required.

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The SRP solution utilises robust jack-up platform technology combined with an industry proven and trusted LNG regasification system. With the legs rooted to the seabed and the platform situated well above the waterline, the SRP is not exposed to wave loads and motions as is common with traditional LNG regasification barges and FSRU’s. This ensures optimum regasification and gas delivery regularity.

The SRP also provides additional flexibility as the SRP deck is scalable, offering larger deck space normally available in a traditional FSRU conversion.

When coupled with the JFT and FSU, this unique proprietary technology enables a fully Jettyless LNG terminal solution that provides unmatched advantages and cost benefits compared to other traditional LNG terminal solutions.

One of the key advantages with the proposed SRP + FSU + JFT solution compared to a traditional FSRU is that all LNG regasification equipment and associated facilities can be installed onboard a newbuild SRP unit instead of converting a LNG carrier to an FSRU, making it possible to use an existing LNG carrier as the FSU, avoiding high and schedule-intensive conversion costs.

The SRP, JFT and FSU mooring system may therefore be re-used, with a typical lifetime of 25 to 30 years.
As well as transfer to conventional sized LNG Carriers, the JFT has the adaptability to provide safe break-bulk loading to small scale LNG carriers.

DOE will employ Stena’s Jettyless Floating Terminal (JFT) and Self-installing Regas Platform (SRP) to assist in providing energy to the 3200MW power plant project to be located at Bac Lieu province in the Mekong Delta, Vietnam.

A Technology License Agreement was previously reached in August 2020 for DOE to utilize Stena’s proprietary jettyless technology.

Svein Hellesmark, Chief Technology Officer, Stena Power & LNG Solutions, said: “The FEED agreement is a pivotal milestone in our service provision to Delta Offshore Energy for this important, large-scale energy infrastructure project in Vietnam.

“Our Jettyless LNG to Power technology has been created to meet demand for more flexible LNG import and export terminals, such as is required for the hugely exciting Bac Lieu LNG to Power Project.

“At Stena we offer innovative, integrated solutions across the LNG value chain. Our wide-ranging activity in the sector also includes new-building project support, ship management and marine engineering, all underpinned by our ethos that gas should always travel first class.”

Bobby Quintos, Managing Director of Delta Offshore Energy added: “The Jettyless Floating Terminal and the Self-Installing Regas Platform are key components of our LNG-to-power solution for Bac Lieu. They allow us to position the LNG receiving terminal offshore, and thereby to minimize the project’s impact on land and on the coastline of Bac Lieu. This is a benefit of great value to the province because the coast sustains shrimp farms, mangroves and salt beds, all of which are important to the regional economy and environment. Our ethos at Delta is to provide power for progress, and the JFT and SRP will help us do so in an efficient and economical manner.”

The JFT and SRP will be located approximately 40km off the Vietnam shoreline. The FEED will include detailed model testing to ensure optimum performance with the environmental conditions in the Mekong Delta.

ENDS
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