The Port of Ulsan is set to launch a feasibility study on LNG bunkering at the port.
Ulsan expects demand from increased number of LNG ships
The City of Ulsan, South Korea, is set to launch a feasibility study on the construction of an Liquefied Natural Gas (LNG) bunkering station at the Port of Ulsan, World Maritime News reports.
Under the plans, the feasibility study would commence in January and run to October 2015 covering areas such as demand for LNG bunkering at the Port of Ulsan, international case studies, equipment requirements, and the potential size and location of a bunkering station.
According to the report, the City believes steady demand from an increased number of LNG-powered ships could make a LNG bunkering hub at the port a success.
A new bunkering station would allow ships to refuel at sea.
It is understood that the City is planning to sign a Memorandum of Understanding with Korea Gas Corporation and Korean LNG Bunkering Consultative Group by the end of this year.
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless
Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members