K Line charters third LNG-powered LCO2 carrier from Northern Lights JV

Japan’s shipping giant K Line has entered into a charter contract with Norway’s Northern Lights, a joint venture consisting of Equinor, Shell, and TotalEnergies, for a third LNG-powered liquefied CO2 vessel.

K Line announced the signing of the bare boat charter and time charter contracts for the management of the third CO2 ship in a statement on Tuesday.

This follows the formerly signed contracts for managing the first two 7,500-cbm LCO2 ships, in Northern Lights’ four ship fleet, that will be delivered in 2024.

The company’s London-based subsidiary K Line LNG Shipping (UK) will undertake the management of these three ships.

The vessels will transport liquefied CO2 from Northern Lights customers based in Norway, Denmark, and Netherlands, to Northern Lights’ CO2 receiving terminal in Oygarden, Norway, from where the CO2 will be injected into the offshore reservoir for safe and permanent storage.

Northern Lights recently also signed a charter deal with Bernhard Schulte for a new LNG-powered CO2 carrier.

The 7,500-cbm liquefied CO2 ship will be the fourth in line to the sister ships currently under construction at Dalian Shipbuilding Offshore (DSOC).

K Line said the first two vessels are currently 75 percent completed and will be delivered later this year.

The vessels recently received two type C LCO2 tanks, the first such tanks in the world.

Also, each of the installed tanks has a capacity of 3,750 cbm for a total of 7,500 cbm.

Most Popular

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Wison scores Suriname FLNG gig

China’s Wison New Energies has signed a detailed feasibility study deal for a newbuild floating liquefied natural gas (FLNG) facility in Suriname's offshore Block 52.

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

Norway’s Equinor shuts Hammerfest LNG plant for maintenance

Norwegian energy firm Equinor has closed its 4.3 mtpa Hammerfest liquefied natural gas (LNG) export plant for planned maintenance.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Venture Global launches Calcasieu Pass LNG commercial ops

US LNG exporter Venture Global LNG has launched commercial operations at its Calcasieu Pass LNG terminal in Louisiana, some 68 months from its final investment decision and 38 months after production start.

TotalEnergies inks initial Dominican LNG supply deal

France's TotalEnergies has signed a heads of agreement with ENADOM, the joint venture between AES Dominicana and Energas in the Dominican Republic, to supply liquefied natural gas (LNG) to the latter.