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Freeport LNG loads 100th LNG cargo

November 03/2020

MOSCOW (MRC) -- Freeport LNG has announced that it has loaded its 100th LNG cargo, which departed from Freeport LNGs terminal on October 30, according to Hydrocarbonprocessing.

This is a tremendous achievement for Freeport LNG and our customers, said Michael Smith, founder, chairman and CEO, Freeport LNG. Achieving this milestone safely and efficiently is a true testament to the dedication, discipline and drive of our workforce who play an integral role in Freeport LNGs continued success.

Freeport LNG loaded its first cargo in September 2019. The company began full commercial operations of its USD13.5 billion, three train facility in May. In addition to achieving this 100th cargo, carried by BPs British Contributor, Freeport LNG recently marked another significant milestone, its first nighttime transit. The vessel departed Freeport LNGs terminal on the evening of October 6. The company anticipates having more routine nighttime transits by early next year.

As MRC reported earlier, BP Australia plans to shut its 146,000 b/d Kwinana refinery in Western Australia and convert it into a fuel import terminal, according to the company's statment Oct. 30. The continued growth of large scale, export-oriented refineries throughout Asia and the Middle East has structurally changed the Australian market, BP said, adding that regional oversupply and sustained low refining margins mean the Kwinana refinery is no longer economically viable.

We remind that a technical defect disrupted production at part of the Gelsenkirchen integrated refinery and petrochemicals complex in Germany, early last week. The company operates plants in the Horst and Scholven districts at Gelsenkirchen, with the defect occurring at Horst. BP sais it was working to resume normal operations as soon as possible. It did not specify which unit has been affected, with sources suggesting it was the fluid catalytic cracker, but this was not confirmed by the company.

Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, exluding producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP random copolymer, propylene, HDPE, ethylene, gas processing, petrochemistry, BP Plc, Australia, Germany, Russia, USA.
Category:General News
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