Stena and Delta Offshore Energy announce Technology License Agreement for Vietnam Energy Infrastructure project

2nd Sep 2020

Stena Power & LNG Solutions today announced it has agreed to a Technology License Agreement with Delta Offshore Energy (DOE) to grant utilization of its proprietary Jetty-Less LNG receiving and regas technology for the offshore LNG to power project located in the Bac Lieu Province in Southern Vietnam.

DOE will employ Stena’s floating Jetty-Less Autonomous Transfer System (ATS) and Self-installing Regas Platform (SRP) solutions to provide energy to the 3200MW power plant project located at Bac Lieu province in the Mekong Delta.

Svein Hellesmark, Chief Technology Officer, Stena Power & LNG Solutions, said: “We are honored to play a key part in this important and large-scale energy infrastructure project in Vietnam. This award demonstrates the trust DOE and its partners have in our Jetty-Less LNG technology.

“We have been cooperating closely with DOE on this groundbreaking project for more than 2 years which has been an extraordinarily interesting and inspiring journey.

“At Stena we offer innovative solutions across the LNG value chain. Our Jetty-Less LNG technology is complemented by considerable LNG competence and experience in new-building project support, ship management and marine engineering.”

Bobby Quintos, Managing Director - Engineering, Delta Offshore Energy added: “The metocean and tidal conditions in Bac Lieu are very challenging from a traditional FSRU deployment perspective, so we had to collaborate with Stena to think of ‘out of the box solutions’ in order to make this work, thus the development of the Jetty-Less solution for our project.  The additional benefits of a lower CAPEX and modular design also fits nicely to the DOE model of innovation and efficiency in our LNG to Power Solutions.  We are very pleased to work with Stena to usher in the next technological evolution in offshore LNG re-gas terminals.”

ENDS

Notes to Editor:

Autonomous Transfer System
The Jetty-Less Autonomous Transfer System (ATS) meets the industry’s demand for lower cost and more flexible LNG import and export transfer solutions. The ATS 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.

Self-installing Regas Platform
The Self-installing Regas Platform (SRP) offers a cost effective, flexible and robust LNG regasification solution, capable of meeting increasing demand for small, mid and conventional size LNG receiving terminals. The SRP solution utilizes 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. 

About Stena Power & LNG Solutions AS
Stena Power & LNG Solutions AS is a Stena subsidiary located within Stena’s Ship Management and Marine Services entity: Northern Marine Group. Stena Power & LNG Solutions is the owner of innovative Jetty-Less LNG to power solutions including the Autonomous Transfer System (ATS), the Self-Installing Regas Platform (SRP) and the Self-Installing Power Plant (SPP). The solutions are particularly suited for the emerging LNG to power market where there may be limited or no existing infrastructure in place. The Jetty-Less technology is enabling the possibilities to import LNG and provide power to new markets without the need for any fixed infrastructure (no jetty - no breakwater). The floating solutions are ideal for flexible financing and lease offerings. The entire facilities may also be relocated if the demand or other local conditions should change over time. The Jetty-Less technology is covered under a US Patent granted by the United States Patent Authorities in 2018. https://StenaPowerLNG.com     https://nmg-stena.com

About Delta Offshore Energy
Delta Offshore Energy PTE LTD (“DOE”) is a Singapore registered company focused on project origination and development in clean energy. DOE is the owner of the 3.2 GW Bac Lieu LNG-to-power project (“the Project”) which was included in Vietnam’s national Power Development Plan 7 revised (“PDP7R”). DOE received the Investment Policy Decision and the Investment Registration Certificate to be the exclusive owner of the Project which is the largest Foreign Direct Investment in Vietnam in 2020. The project is also the first coal-to-gas conversion in Vietnam, the first integrated LNG-to-power project in Vietnam, Vietnam’s first approved 100% foreign IPP in thermal power plant as well as the country’s first floating LNG terminal.

Press Contact:
Andrew Gibson
Media and Communications Officer
Northern Marine Group (Stena)
andrew.gibson@stena.com
Desk: +44 141 876 3157 + Cell: 44 7920 007 651