Babcock’s LGE wins milestone LNG contract

Thursday, 19 January 2023
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Late last year, Babcock’s subsidiary, LGE, announced the award of its 100th contract for its patented ecoSMRT LNG reliquefaction technology. 

This contract, from a South Korean shipyard, is a major achievement since the technology was first launched less than four years ago, the company claimed.

LGE added that this order rounded off an exceptional end to the final months of 2022 with 30 project contracts worth more than £100 mill across the LNG, LPG and fuel gas sectors.

Operational benefits of ecoSMRT include efficiency resulting in lower power consumption and carbon footprint, compared to competitor’s solutions. The compact modular design is well proven with more than 30 in service and performing well in line with design conditions and multiple repeat orders have been received from leading shipowners, the company said.

Neale Campbell, Babcock LGE’s Managing Director, said: “We’re dedicated to providing environmental and economic improvements for our clients’ assets and investing in technology for the future. These latest contracts further strengthen Babcock’s LGE business position as the market leader in LNG, LPG and LNG. They provide an exciting launch pad for our next generation of technology development to support shipowners achieve carbon reduction targets.” 

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