Exmar get contracts
for specialist LNG carriers
28 December 2003 http://www.mgn.com/newsletter
BELGIUM-based Exmar has secured alternative contracts for its two LNG
regasification vessel (LNGRV) newbuildings from interests connected
with US-based George Kaiser.
A company statement says: “As a result of these arrangements, the
commitments between El Paso and Exmar relating to the LNGRV’s entered
into in early 2003 have been terminated.”
It also says: “Exmar is looking forward to working with its new partner
to develop the LNGRV projects in the Gulf of Mexico and other locations
in which it has committed considerable resources and sees this as a
step towards achieving its goal of becoming a strong independent
operator in the LNG sector.”
Both vessels will sail under Belgian Flag, and be crewed and
technically operated by Tecto, the ship management affiliate of Exmar.
The first of the 138,000 cu m LNGRVs under construction at Korea’s
Daewoo Shipbuilding & Marine Engineering, for delivery in November
2004, has been time chartered for 20 years to newly established
Texas-based liquefied natural gas shipper and marketer, Excelerate
Energy LP, which is backed by George B. Kaiser of Oklahoma.
The second vessel is to be bought by GKFF Limited, a Gibraltar
registered company, for the benefit of the George Kaiser Family
Foundation, a charitable foundation endowed by George B. Kaiser. It is
intended that both ships will be used to deliver regasified LNG
offshore in the Gulf of Mexico through the Energy BridgeTM process,
recently acquired from El Paso by Excelerate, as originally intended.
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Golar
LNG signs charter extension with BG Group
PrimeZone Media Network 05-08-02
Golar LNG announced that it has signed an
extension to
the charter agreement for one of its existing LNG carriers, the "Golar
Freeze", with BG Group. The present agreement for the Golar Freeze was
due to expire in March 2003, and the new agreement will extend the term
with 5 years, until March 2008.
This means that after March 2003, BG Group
will charter
5 LNG carriers from Golar; the Golar Freeze, the Khannur, the Hilli and
the Gimi, all of 125,000 cm size, as well as Golar's first new
building,
a 138,000 cm membrane ship which will be delivered from Daewoo in March
2003.
According to Executive Vice President of Golar,
Mr. Sveinung
J. Stoehle, "we are very pleased with this agreement, since it assures
long-term employment for all of our prompt capacity, and further
underlines
the good relationship between Golar and BG, our largest customer."
Betsy Spomer, Head of Global LNG, BG Group
said: "This
extended charter of the Golar Freeze further consolidates BG's growing
LNG position. BG is developing a number of major LNG import and export
projects around the world and our shipping capacity plays an important
role in underpinning these projects."
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Izar launches LNG barge
The Izar Fene Shipyard has launched the platform that will support
a natural gas liquefaction plant in Hammerfest, Norway. Following
the launch, the platform will be moored in the Spanish shipyard and
will
undergo hydraulic testing before delivery.
The LNG plant in Norway will be an integral part of the development
of the offshore natural gas fields of Albatross, Askeladden, and
Snøhvit
in the Barents Sea. Gas will be transported through a submarine
pipeline
to Melkoya Island, where it will be treated and exported as LNG.
The platform is 154 m long, with a 54-m beam, and weighs
10,000 metric
tons. It is built of highly elastic steel and has been designed
to
operate for 50 years.
In mid August, Izar Puerto Real shipyard launched a 138,000-cu-m LNG
carrier, the keel for which was laid in September of last year.
The vessel is 284.4 m long, 42.5 m wide, and 25.4 m deep, with
a draft
of 11.4 m. It is outfitted with two GPH 500-1224 cranes that can lift
12
metric tons at 24 m, two GPS 320-1218 cranes capable of lifting 12
metric
tons at 18 m, and one GPS 40-0210 crane that can lift 2 metric tons at
10 m. The vessel is outfitted with four double-membrane tanks that will
be used to contain the LNG.
According to Izar, the company is the only European' shipyard
that has
LNG units under construction and is among the few in the world capable
of designing and building these kinds of vessels.
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Imabari
LNG Shipbuilding
Co
Imabari Hops on LNG Tanker Train With the
liquefied natural
gas (LNG) carrier market exploding and world demand for LNG tankers at
about six per year by 2015, new builders are entering the LNG market.
Imabari
Shipbuilding Co. will start operations in the construction of LNG
transport
ships of 145,000 cubic meters each and plans to complete the first
carrier
by 2006.
The market is quite competitive, especially
with China
entering the market recently. In Japan, Mitsubishi Heavy Industries,
Mitsui,
and Kawasaki Heavy Industries are among the big five competing with
South
Korean Samsung and Daewoo to regain market share in LNG ship
construction.
Cost is where South Korean shipbuilders have
out-done
their Japanese counterparts, and once Chinese shipyards gain
experience,
they are expected to give both Japanese and Korean shipbuilders a tough
time in the market.
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Mitsui
O.S.K. Announces Participation in the EP Energy Bridge(TM)
Tokyo, Japan, June. 07, 2002 - (JCN Newswire)
Mitsui O.S.K. Lines (MOL)(www.mol.co.jp),
having entered
into a long-term charter party agreement with subsidiaries of El Paso
Corporation,
a major U.S. energy company, announced that MOL has decided to
participate
in the EP Energy Bridge(TM), a new ship-based liquefied natural gas
regasification
system designed and developed by El Paso Global LNG. MOL, together with
EXMAR (www.exmar.be) Belgian CMB's gas tanker division, ordered four
LNG
carriers with tank capacity at 138,000 cubic meters from a Korean
shipyard,
Daewoo Shipbuilding and Marine Engineering, and three out of the four
LNG
carriers are to be converted to the EP Energy Bridge(TM) vessels.
Deliveries
of the Energy Bridge vessels will start in 2004.
The EP Energy Bridge(TM) ships can regasify
and deliver
up to 400 million cubic feet of natural gas per day. An EP Energy
Bridge(TM)
ship connects to pipeline infrastructure through an offshore buoy and
turret
system that has been used worldwide, including approximately 10 years
of
service in the harsh weather environment of the North Sea. As the LNG
ship
arrives at the unloading site, the buoy is pulled into a receiving cone
and connected to the ship. The LNG is then regasified aboard the ship
and
the vaporized LNG is discharged through the buoy into the sub-sea
pipeline
system.
For continuous flow of natural gas, a typical
EP Energy
Bridge(TM) system will have two offloading buoys to ensure
uninterrupted
delivery. El Paso anticipates the initial EP Energy Bridge(TM) sites
will
be in the Gulf of Mexico and along the U.S. East coast. This new
technology
is viewed as enhancing flexibility of the LNG carriers within the
original
hull design while retaining the ability to act as conventional LNG
carriers.
Exmar is the gas transportation operating
company of CMB
(Compagnie Maritime Belge) (www.cmb.be), which is the largest Belgian
shipping
group, quoted on the Belgian Stock Exchange. Exmar is one of the
largest
independent operators of gas tankers in the world commercially
controlling
a diversified fleet of 50 ships ranging from 138,000 cubic meters LNG
carriers
down to 1,600 cubic meters pressurized LPG carriers. Of these 8 are LNG
carriers.
About Mitsui O.S.K Lines Limited Mitsui O.S.K.
Lines,
Ltd. was founded in 1964 by a merger that joined Mitsui Steamship
Company
with OSK Line. As such, can claim a pedigree stretching back more than
a century to the origins of Japanese shipping. It is an operator of
shipping
with a fleet including containerships, tankers and specialised carriers
for a range of products and commodities; real estate and resort
development;
airship leasing, consulting, computer services and cruise ship
operation.
Overseas transportation accounted for 80% of fis 2001 revenues;
warehousing,
6%; port-harbor transportation., 5%; ferry operations, 4% and other,
5%.
For further information, please visit the Mitsui O.S.K Lines Limited
home
page at: www.mol.co.jp/menu-e.shtml
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