K Line’s new LNG carrier for charter with Petronas named in China
K Line's new LNG carrier for charter with Petronas named in China - Offshore Energy
K Line’s new LNG carrier for charter with Petronas named in China
Chinese shipbuilder Hudong Zhonghua has held a naming ceremony for a new 80,000 cubic meter LNG carrier built for Japanese shipping company Kawasaki Kisen Kaisha (K Line).
The vessel was named Lagenda Setia during the ceremony which took place on 21 August.
According to Hudong Zhonghua, the vessel is jointly owned by K Line, ICBC Financial Leasing and Shenergy.
The ABS-classed ship has an overall length of 239 meters and a molded breadth of 36.6 meters.
This is the third LNG carrier constructed by the Chinese shipyard for K Line which will go on a charter with Malaysian energy company Petronas, transporting more than 2.2 million tons of LNG annually from Malaysia to Shenergy Group in China.
The first two vessels, Lagenda Suria and Lagenda Serenity, were delivered in May and June 2022, respectively.
Both vessels feature a length of 239 meters and a width of 36.6 meters and run on an X-DF dual-fuel engine which uses gas admitted at low pressure.
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.