Monday, August 8, 2011

Ezion Land Another Huge Logistics LNG Contract

$55 Million to Develop Curtis Island Facilities
Shipping News Feature

AUSTRALIA – SINGAPORE – The gigantic Gorgon project to extract and freight vast quantities of liquefied natural gas (LNG) from the Northwestern Australian area is not the only site of such activity and one of the principal suppliers to Gorgon, offshore logistics support group Ezion Holdings today announced it has secured another major LNG project, this time in the East, off the coast of Queensland. The contract is for support and freight haulage services for the development of LNG facilities on Curtis Island. The LNG project secured by the Group, which is among the first of the eight proposed LNG facilities in Queensland, is expected to have an initial capacity of 7.6 million tonnes per annum.

Queensland government estimates put possible extraction tonnages which could be taken from the Surat and Bowen Basins and piped to the coast for export as high as 50 million tonnes a year and Ezion say they expect this initial contract to be worth approximately $55 million (US) and to commence in mid 2012. Ezion CEO, Mr Chew Thiam Keng commented on hearing the news:

“We are deeply privileged to be able to participate in this important project on Curtis Island. We are confident that we can draw on our experience on Gorgon to make this project a big success. With the proven track record and economy of scale, we will work towards also supporting the other LNG projects in Queensland and other parts of Australia.”

Ezion run one of the largest fleets of ballastable vessels used in commissioning and decommissioning offshore oil and gas platforms plus they own a host of the other specialist equipment required to successfully perform out of gauge projects with cargo vessels which can undertake RORO operations of heavy deck cargo and the ability to perform fast transit operations, even whilst carrying up to 13,000 tonnes of freight.