Video: Nakilat’s ME-GI newbuild in first Panama Canal transit

Nakilat’s newbuild ME-GI carrier has recently transited the Panama Canal for the first time, delivering a US-sourced LNG cargo to China.

The Global Energy loaded a cargo at Cheniere’s Sabine Pass LNG facility in Louisiana and transited the expanded canal at the end of November, its AIS data shows.

Some three weeks later, the 173,400-cbm tanker delivered the cargo to PetroChina’s Caofeidian LNG terminal in Tangshan on December 18, according to the data.

Cheniere Marketing International, a unit of the US LNG export player, charters the vessel that is commercially and technically managed by Nakilat.

To remind, Daewoo Shipbuilding & Marine Engineering delivered the newbuild carrier to Nakilat’s joint venture Global Shipping in May this year.

Qatari LNG shipping giant Nakilat owns 60% percent share in the venture while Greece’s Maran Ventures holds the rest.

Moreover, this is the first out of four LNG newbuilds the venture will take delivery of by end-2021.

Constructed in South Korea, the four vessels will each have a cargo carrying capacity of 173,400 cbm with two featuring ME-GI and other two X-DF propulsion technologies.

Furthermore, the delivery of all four newbuild LNG carriers will bring Nakilat’s fleet to 74 vessels. According to Nakilat, this is just under 12% of current global LNG fleet in carrying capacity.

Most Popular

Excelerate in $700 million senior notes offering

US FSRU player Excelerate Energy aims to raise about $700 million via an offering of unsecured senior notes due 2030.

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

More News Like This

Cheniere to start site preparation for two more Corpus Christi LNG trains

US LNG exporting giant Cheniere is seeking approval from the US FERC to start site preparation activities for two more midscale trains at its Corpus Christi LNG plant in Texas.

Port of Corpus Christi says Q1 LNG volumes up 12.3 percent

The US Port of Corpus Christi in Texas reported a 12.3 percent year-on-year increase in its liquefied natural gas (LNG) volumes in the first quarter of this year.

Cheniere progresses commissioning of second Corpus Christi expansion train

US LNG exporting giant Cheniere is moving forward with commissioning activities at the second train of the Corpus Christi Stage 3 expansion project in Texas following the substantial completion of the first unit.

Corpus Christi LNG expansion project 80 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is 80 percent complete.