Exmar LPG takes plunge with world's first ammonia-fuelled newbuildings - TradeWinds
Exmar LPG takes plunge with world’s first ammonia-fuelled newbuildings | TradeWinds
Joint venture Exmar LPG has made a pioneering leap by choosing to build two on-order midsize gas carrier newbuildings as what the company expects will be the world’s first ammonia dual-fuel vessels.
The company, a joint venture between Belgian gas shipowner Exmar and Stonepeak-controlled owner Seapeak, said it intends to go ahead with ammonia as a fuel for two 46,000-cbm MGCs, which it has ordered at Hyundai Mipo Dockyard in South Korea.
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.