Keppel to Construct Two More LNG Carriers For Stolt-Nielsen Gas

Keppel Offshore & Marine (Keppel O&M) has reportedly announced to have signed contracts with Stolt-Nielsen Gas to construct two more small-scale liquefied natural gas (LNG) carriers. As per trusted sources, the two latest deals are set to be completed in the last quarter of 2020 and the first quarter of 2021 respectively.

Reportedly, the new contracts are valued at a total of about USD 105 million. Sources privy to the matter claim that Keppel had acquired options to construct three LNG carrier vessels for Stolt-Nielsen Gas in 2017. The first option to build the LNG carrier reportedly lapsed in November 2017 and now Stolt-Nielsen Gas is exercising second and third options as part of the deal.

The two new carriers would have a capacity of 7,500 cubic meters each, similar to the two units that were contracted last year. Moreover, both the carriers would have a class notation for bunkering that allows the provision of LNG bunkering and will also be equipped with engines that can run on both LNG and diesel.

Managing Director of Gas and Specialized Vessels at Keppel O&M, Abu Bakar was reportedly quoted stating that the new LNG carriers would be the 11th and 12th LNG-powered vessels that Keppel would be manufacturing and they would also function as the fourth and fifth vessels with the capability of LNG bunkering. The company looks ahead to further the excellent track record as the market increasingly adopts LNG as a marine fuel, Bakar added.

Given that the global emissions standards are being tightened, the marine industry is gradually adopting LNG as a marine fuel, noted a statement released by Keppel. The small-scale, quick to build, and economical LNG projects are a means to reach end customers in the far-off regions that are currently not served via pipelines, the statement further added.


New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site


More items from juikate

Shell Bags License To Trade Oil Products In China’s Wholesale Market

Royal Dutch Shell plc (Shell), a renowned European multinational oil & gas company, has reportedly been awarded a trading license by the Chinese government that allows it to independently trade its oil products in China's wholesale market. Reports cite, the license signifies the Chinese government ...

Jui Kate

Posted 1 year agoPress > OilgasBusiness +2

Iran Still Likely To Invest In Refinery Expansion, Says Indian Oil

India's largest oil and gas company Indian Oil Corporation Limited recently said that Iran could still invest in one of its subsidiaries for a refinery expansion project. Sanjiv Singh, chairman of Indian Oil stated that Iran has not ruled out its participation in the development at the Chennai Petr ...

Jui Kate

Posted 1 year agoPress > OilgasOil Refining +2

ContourGlobal sells 49% stake of its Spanish CSP assets for EUR 134M

ContourGlobal is reportedly selling 49 percent stake of company's 250 MW Concentrated Solar Power (CSP) plants in South-West Spain, which they bought from Acciona SA in early 2018. As per the agreement, ContourGlobal will sell 49 percent stake in the Concentrated Solar Power (CSP) Portfolio to Cred ...

Jui Kate

Posted 1 year agoPress > EnergySolar energyPower +1

Allete, Xcel Energy ink new 5-year contract for existing wind farms

Allete Clean Energy, a Minnesota-based independent power producer and supplier, has recently approved a new 5-year power sale agreement between its Viking wind farms in southern Minnesota and Xcel Energy, Inc., whose original 15-year PPAs will expire in December 2018. As per an official press rele ...

Jui Kate

Posted 1 year agoPress > EnergyPowerWind Energy +1

Australian businesses unite to urge government to abort energy policy

Some of the biggest energy & business groups in Australia have reportedly come together in an effort to urge the Australian government to forgo its Big Stick approach in the matter of energy legislation. Apparently, the businesses are warning the government that the divestiture powers it craves wo ...

Jui Kate

Posted 1 year agoPress > EnergyIndustryPower +1
All posts from juikate