LNG

Samsung Heavy Industries (SHI) and Conrad Shipyard have secured Approval in Principle (AIP) from the American Bureau of Shipping for the basic design of a US-built LNG bunkering barge.

Vires Energy, affiliate of A Brown Co., has walked away from plans to build a floating LNG import terminal in the Philippines. Instead, it seeks to source gas from third parties to fuel its 500 MW barge-mounted power project.

With a shorter pre-FID and construction schedule, lower capital expenditure and flexibility to move it around, barge-type FLNG projects with a capacity 1 to 1.5 mtpa of having some significant advantages over large floating or land-based liquefaction projects, according to Øivin Iversen, CEO of Höegh FLNG.