Burckhardt LNG order
April 11 (LNGJ) - Swiss company Burckhardt Compression said it was awarded a contract to equip a 30,000 cubic metres capacity LNG carrier operated by Knutsen OAS Shipping of Norway with its Laby brand of compressors. Burckhardt said the compressors would be delivered to the South Korean Hyundai Mipo Dockyard as part of the fuel gas supply system built by Wartsila Oil & Gas Solutions of Finland. Wartsila is supplying the LNG carrier’s WinGD X-DF 2-stroke, dual-fuel engine with LNG boil-off gas as fuel.
“The X-DF engine, a two-stroke engine from Winterthur Gas & Diesel, allows both natural gas and marine diesel to be used as fuel for ship propulsion systems,” said Burckhardt. “Ship operators can switch between the two fuel types, maritime diesel and the boil-off gas that inevitably evaporates from LNG storage tanks, during operation,” added the Swiss company.
Angola LNG signs second cargo supply accord of September with European-based company
Angola LNG, the revitalized southwest African export plant, has signed its second European sales agreement of September with German utility and energy company RWE after concluding a similar deal with Swiss-based global commodities firm Vitol.
Trader gets $8Bln loan
Oct 6 (LNGJ) - Vitol S.A., the Swiss-based global commodities trading company with growing LNG interests, said it had signed a syndicated revolving credit facilities of $8 billion. Vitol extended by 12 months the maturity date of an existing three-year $7Bln loan and refinanced a maturing loan of around $1Bln. “The transaction was supported by a total of 55 banks,” said Vitol, whose headquarters are in Geneva and whose shipments of LNG have gone to buyers in countries such as Argentina, Pakistan, Jordan and Kuwait.
