LNG

Singapore wealth fund Temasek is close to completing a seven-month long sale process for the Asian island nation’s Pavilion Energy set up by Temasek in 2013 to develop liquefied natural gas assets.

Oct 6 (LNGJ) - STX Offshore & Shipbuilding Co., the South Korean yard specialising in mid-sized ships and which is still suffering financial problems because of a lack of orders, said it completed the design of a 7,500 cubic metres capacity liquefied natural gas bunkering ship.

   “The design project was in cooperation with the government-funded Korea Research Institute of Ships & Ocean Engineering,” said STX. The Korean company in 2017 delivered Royal Dutch Shell’s first LNG bunkering vessel, the 6,500 cubic metres capacity “Cardissa”.

Nov 8 (LNGJ) - Royal Dutch Shell and Dutch shipping company Anthony Veder have signed a contract to modify the small-scale LNG carrier “Coral Methane” into an LNG bunker vessel. The modification marks the first of its kind and will entail integration of specific LNG bunker equipment into the vessel. The 7,500 cubic metres capacity ship currently operates as on a multipurpose basis for Shell. “We are proud to offer Shell this pioneering solution that once again emphasizes our expertise and continuous focus on safety and innovation,” said Jan Valkier, Chief Executive of Anthony Veder. “Furthermore, the modification project enables us to continue to build on our strong partnership with Shell and to drive sustainable change in our industry,” added Valkier. The conversion project is scheduled to start in early 2018 on the “Coral Methane”, first delivered in 2009.