12 standard LNG ships and 16 LNG ice-breakers will be operated by Total.
LNG ice-breakers will be used for a $27 billion gas extraction project in Yamal, Russia
France-based Total S.A. (Total)\u00a0plans to assemble a fleet of 28 Liquified Natural Gas (LNG) ships to deliver gas worldwide, MarketWatch reports.
Laurent Vivier, Director for gas activities of Total, says 12 standard LNG ships, each costing between $200 million and $250 million, is scheduled to be delivered by Samsung-owned Korean shipyards by 2017.
Total is also scheduled to order a fleet of 16 ice-break LNG ships for its $27 billion gas extraction project which includes a LNG plant in Yamal, Russia, according to Vivier.
LNG shipping is extremely flexbile
Laurent Vivier, Director for gas activities, Total
"LNG shipping is extremely flexbile," said Vivier.
"Half of the gas shipments are going to other places than meant when the plants were designed."
Vivier also believes that natural gas transportation is likely to grow in the upcoming years.
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