LNG

April 12 (LNGJ) - The American Bureau of Shipping, the US classification society, has granted approval in principle to a floating liquefied natural gas production and storage hull designed by South Korea’s Hyundai Heavy Industries. ABS said the hull design would suit potential FLNG projects near shore in North America to export the shale-gas surplus. “Specifically conceptualized for near-shore operations, the vessel was designed with a length of 1,050 feet (320 metres) and with LNG storage capacity of 200,000 cubic metres using the French GTT MARK III containment tank. ABS and HHI teams collaborated in a joint development project with the objective of developing a technically feasible and price-competitive FLNG hull design by adopting the latest industry standards,” the class society said.