Nigeria LNG shipping arm enters 'new era' with Capital Gas vessel - TradeWinds
Nigeria LNG shipping arm enters ‘new era’ with Capital Gas vessel | TradeWinds
West African producer Nigeria LNG (NLNG) has formally kicked off the fleet renewal process for its shipping arm Bonny Gas Transport (BGT) with the naming of a Capital Gas newbuilding that it is taking on bareboat charter.
In a ceremony at HD Hyundai Samho Heavy Industries in South Korea NLNG managing director and chief executive, Philip Mshelbila, who is also BGT executive vice president, said the charter of the 174,000-cbm newbuilding Aktoras, is “a transformative stride towards decarbonisation and a sustainable future.”
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.