LNG

South Korea, the world’s largest builder of liquefied natural gas carriers and other ships, has brought in a package of measures to help ease the financial pressures facing medium-sized shipyards, including confirmation of government backing for the ordering of 140 LNG-powered vessels.

The South Korean Ministry of Trade, Industry and Energy plans a public hearing on December 26 when a policy committee will confirm the government’s plan to shift its reliance from coal and nuclear power towards natural gas, LNG imports and renewables.