American-produced LNG provider Venture Global LNG has announced over the weekend the acquisition and construction of a new large fleet of LNG-powered vessels.
Venture Global’s fleet will include nine vessels, currently under construction in South Korea, that will be delivered starting later this year.
Six vessels will have a cargo capacity of 174,000 m3 and three a cargo capacity of 200,000 m3. All nine ships will be primarily fueled by Venture Global’s liquefied natural gas.
The vessels are propelled by 2-stroke Mega/Megi engines in combination with the use of the “most recent hull forms, shaft generator and air lubrication systems.”
As Venture Global says, the selected main engine type supported by the shaft generator technology significantly reduces methane slip compared to the previous generations of 2-stroke and 4-stroke propelled LNG carriers.
Mike Sabel, chief executive of Venture Global, said: “This investment builds on our recent execution of a long-term terminal use agreement for regasification capacity at Europe’s largest LNG import terminal, further advancing the integration of our business across the entire LNG supply chain; from natural gas transmission, to liquefaction and export, to best-in-class LNG cargo ships and regasification capacity.
“This will be complementary to our core business as a supplier to long-term customers while also enabling optimization and optionality by allowing for the transport of LNG directly to the customer’s point of need.
“We are sending a strong signal to the global market of our long-term commitment to meeting the world’s growing energy demand at a large scale, bolstering the security of our customers and allies by providing them with clean, affordable, and reliable U.S. LNG as efficiently as possible.”
Source: Venture Global LNG
