Not only the photos but also the text are very much up to date.
Under the heading ‘Philippines’ you can read, for example, that the 2x 200MW turbines have arrived on site at Pagbilao. EWC also reiterates that both the lng hub and the power station (200MW initially) will commence earning revenue for EWC in early 2015. (see text below).
If you click under the heading ‘Indonesia’ EWC states, in part, that the installation of the four (4) cold boxes has been completed as well as one of the 4 (four) modular trains!!!!
Pagbilao LNG hub and power station to start earning early next year Energy World's major project in the central Philippines shows Chairman Stewart Elliott's LNG strategy in action. With assets from an LNG hub and a shipping terminal to a 600MW power station, it also reveals how unusually vertically integrated the company is. Located at Pagbilao Grande Island, the project is expected to be commissioned and begin earning revenues for Energy World in early 2015, Stewart Elliott said. It will be the first LNG terminal operational in the Philippines. On a 215,000 sq metre coastal site, the plant includes an LNG import and export terminal with a cryogenic storage tank and regasification facility plus boil-off lines, meters, pumps and compressors. A jetty where tankers can berth juts out into the sea. Nearby, linked by pipelines, is a combined cycle power station with a capacity of 600MW. After testing is completed, the power plant will begin feeding electricity into the main Luzon grid. Excess LNG will be sold domestically in the Philippines or shipped abroad to regional markets, Stewart Elliott said. At the time of writing most buildings were up and machines and pipelines installed. The Pagbilao project was on course for 2015 completion.
Gas turbines arrive at Philippines site Two Siemens gas turbines have arrived on site at Pagbilao Grande Island in the Philippines, Chairman Stewart Elliott said. Each capable of producing 200MW, the turbines will join one other to power a 600MW gas-fueled electricity-generating station now under development. Foundations are in place and the turbines are being installed. The station will be a combined cycle plant which means it has engines in sequence fueled by energy which might otherwise be lost. Thus thermal efficiency at the Energy World-owned plant is designed to rise to as high as 60 per cent. The power station is expected to start earning revenues for the Australian Stock Exchange-listed Energy World early in 2015, Stewart Elliott said. It will feed electricity into the main Luzon grid under a long-term agreement.
Cold boxes and modular LNG train installed at Sulawesi Installation of four cold boxes at Energy World's LNG project at Sulawesi, Indonesia, has been completed, Chairman Stewart Elliott said. Cold boxs are machines at the heart of the facility for turning natural gas into LNG for domestc sales and export. Also in place now is one of the first of the Energy World-pioneered modular LNG trains. These 500,000 tonne per year capacity units are far smaller than the norm. They were designed for flexible, repeated use in difficult locations by Stewart Elliott, his engineering team and the experts of Chart, the gas processing equipment manufacturer, and Siemens, the electrical systems contractor. Other modular LNG units will be added in train as gas production rises at Energy World's nearby exploration fields and demand grows in Indonesian and international markets, Stewart Elliott said.
EWC Price at posting:
31.5¢ Sentiment: None Disclosure: Unspecified
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