GTT nets new LNGC tank design order from Dalian Shipbuilding
GTT nets new LNGC tank design order from Dalian Shipbuilding - Offshore Energy
GTT nets new LNGC tank design order from Dalian Shipbuilding
French LNG containment specialist GTT has received an order from the Chinese shipyard Dalian Shipbuilding Industry Co. (DSIC) for the tank design of two new liquefied natural gas carriers (LNGCs).
The order came on behalf of Sea Jade Investment, a joint venture owned by Hong Kong-based shipping company Wah Kwong, China Gas and China Ship Leasing.
GTT said it will design the tanks of the two vessels, which will each offer a capacity of 175,000 m3. The tanks will be fitted with the Mark III Flex membrane containment system developed by GTT.
The delivery of the vessels is scheduled between the first and the third quarters of 2027.
To note, in August this year, DSIC signed a contract for the construction of up to four 175,000 cbm LNG carriers with Sea Jade Investment.
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This year, GTT received a couple of orders from DSIC. In July, it received an order for the tank design of two LNGCs and in January as well. Both orders came on behalf of CMES LNG Carrier Investment.
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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.