Rory Edwards’ Post

🚢 Exciting News in the LNG Industry! 🌏 Hyundai Samho Heavy Industries Co.,Ltd. to Build LNG Carrier Quartet for $1.08 Billion! I'm thrilled to share the latest developments in the liquefied natural gas (LNG) sector! Hyundai Samho Heavy Industries Co.,Ltd., a leading name in shipbuilding, has announced plans to construct a quartet of cutting-edge LNG carriers. This significant project, valued at $1.08 billion, underscores the continued growth and innovation within the LNG transportation segment. With the global demand for LNG steadily rising, the need for advanced vessels capable of transporting this valuable resource efficiently and safely has never been greater. Hyundai Samho Heavy Industries Co.,Ltd.'s commitment to constructing these carriers reflects their dedication to meeting this demand while upholding the highest standards of quality and performance. These LNG carriers will play a pivotal role in facilitating the transportation of LNG across key regions, supporting energy infrastructure, and contributing to the sustainability goals of nations worldwide. Moreover, this project signifies a significant investment in the maritime industry, fostering economic growth and creating employment opportunities. As we move towards a cleaner, more sustainable energy future, the importance of LNG as a reliable and environmentally friendly energy source cannot be overstated. Projects like this demonstrate the industry's ongoing efforts to innovate and adapt to meet the evolving needs of the global energy landscape. Congratulations to Hyundai Samho Heavy Industries Co.,Ltd. on this milestone achievement! #LNG #EnergyIndustry #HyundaiSamho #LNGCarriers #Sustainability #Innovation #GlobalEnergy #MaritimeIndustry

🚢 QatarEnergy LNG Welcomes First LNG Carrier of Its Massive Shipbuilding Program 🚢 Exciting times in the LNG industry as QatarEnergy marks a significant milestone with the arrival of the first LNG carrier from its ambitious shipbuilding program. This state-of-the-art vessel, a collaboration with Hyundai Heavy Industries, represents a major step forward in expanding QatarEnergy's LNG capabilities. 🌟 Key Highlights: Strategic Expansion: This vessel is the first of many, reinforcing QatarEnergy's position as a global leader in LNG production and export. Advanced Technology: The new carrier boasts cutting-edge technology, ensuring higher efficiency and lower emissions, aligning with global sustainability goals. Future Growth: With numerous more vessels to come, QatarEnergy is set to significantly enhance its shipping capacity, meeting the growing global demand for LNG. This development not only showcases QatarEnergy's commitment to innovation and sustainability but also emphasizes the dynamic growth of the LNG sector. Congratulations to everyone involved in this groundbreaking project! 🌍💼🚀 #LNG #QatarEnergy #Shipbuilding #Sustainability #EnergyTransition #GlobalTrade

#QatarEnergy has signed new contracts with international companies to operate 19 more #LNG vessels, bringing to 104 ships being added to the company's fleet over the next few years. The latest agreements bring to an end the expansion of the company's conventional-size fleet, QatarEnergy said in a March 31 statement. The addition of 104 ships overall is the largest shipbuilding and leasing program ever for LNG, the company said. Of the 19 new ships, six of them will be operated by CMES LNG Carrier Investment, six by Shandong Marine Energy (Singapore) and three by MISC Berhad. Read S&P Global Commodity Insights article: https://ow.ly/2g2V50R6eHE

Adnoc picks South Korean yards to build six LNG carriers UAE’s energy giant Adnoc has selected two South Korean shipbuilders to build six liquefied natural gas (LNG) carriers following a tender. LNG Prime was the first to report in January this year, citing shipbuilding sources, that Adnoc had launched the tender inviting offers from yards in China and South Korea for six firm plus four optional standard-size LNG carrier newbuilds. The LNG carriers are expected to serve Adnoc’s second LNG terminal in Al Ruwais. Sources said on Wednesday that Adnoc has selected Samsung Heavy Industries and Hanwha Ocean, previously known as DSME, to build the LNG carriers. The yards will each build three LNG carriers with two optional vessels, the sources said. Several media reports in South Korea said on Wednesday that Adnoc has signed a letter of intent with SHI and Hanwha Ocean to build at least six LNG carriers worth about $1.5 billion. Currently, LNG carriers with a capacity of 174,000 cbm in South Korea are worth about $265-$270 million. Adnoc Logistics & Services, a unit of Adnoc, is already working to renew its fleet of LNG carriers and it has six 175,000-cbm vessels on order at China’s Jiangnan Shipyard worth more than $1.2 billion. The firm is expected to take delivery of the first vessel in this batch in December this year and the rest of the ships by 2026. These “LNG Jumbo” dual-fuel carriers feature GTT’s Mark III Flex membrane system and a partial reliquefaction system.

An excellent example of innovation in the LNG value chain. Conversions to floating storage and regasification units not only provides extended life to older carriers but opens up flexibility for the delivery of LNG into markets. #lng #energysecurity #lngindustry #naturalgas #naturalgasindustry

Congratulations to QatarEnergy on signing new contracts for 19 additional LNG vessels with international companies! This expansion marks a significant milestone in the company's journey towards growth and innovation in the LNG sector. With this latest move, QatarEnergy reinforces its position as a key player in the industry. To learn more about this exciting development, check out the S&P Global Commodity Insights article. #ThoughtLeadership #LNG #Innovation

Is QatarEnergy done yet ... on LNG newbuildings that is? Maybe not, particularly given its recent expansion announcements. But those are already some eye-popping numbers. And pause for a minute to reflect that the last of those newly ordered, next generation Q-Max or QC-Max as they have been dubbed will not deliver until 2031, some seven years from now. Where will LNG shipping be then? #lngcarriers https://lnkd.in/eH4pYZNc

🇳🇴 🚢 Hoegh LNG sold out on FSRUs but looking at new projects in ‘strong’ market Norway’s Hoegh LNG is seeing a strong demand for floating storage and regasification units and is in fresh talks on projects despite all its FSRUs being locked away on long-term business. In a fourth quarter results statement, Hoegh LNG said business development activity remains high, with ongoing dialogues for FSRU projects worldwide. #LNG #FSRU #HoeghLNG

Inpex restarts second Ichthys LNG train

When is the gas pipeline to shore going to be commissioned? This gas is vital to enable economic growth in the region, while LNG PSA dollars don't always serve the benefit of the people. #lng #mauritania #senegal #naturalgas #powergeneration #transmission #westafrica #economicdevelopment #bp #pipeline