AsiaLNG as FuelVessels

South Korea’s Kogas orders LNG bunkering ship from Hyundai Heavy

By LNG Prime Staff
South Korea's Kogas orders LNG bunkering ship at Hyundai Heavy
Image: Kogas

South Korean LNG importing giant Kogas said it has ordered a liquefied natural gas bunkering vessel from compatriot Hyundai Heavy Industries.

Kogas said in a statement its newly established LNG bunkering unit signed the shipbuilding contract with HHI on February 24. The vessel will have a capacity of 7,500 cbm.

In addition, the firm’s unit would receive 15 billion won ($13.3 million) in subsidies from the Ministry of Trade, Industry and Energy for the shipbuilding project.

Kogas says the total price tag for the LNG bunkering vessel would reach 49.8 billion won ($44.3 million).

The vessel will join its fleet in 2023, adding to SM Jeju LNG2, Korea’s first LNG bunkering vessel which Kogas chartered from Korea Line.

Kogas says it plans to start ship-to-ship operations with SM Jeju LNG2 later this year.

The state-owned firm previously said it aims to supply 1.36 million tons of LNG for ships by 2030 as owners increasingly opt for the fuel to meet tighter regulations and slash emissions.

Most Popular

Vessels

BW upgrades LNG carrier

Oslo-based BW LNG, a unit of Singapore’s gas shipping giant BW, is upgrading its 2019-built LNG carrier BW Pavilion Aranda with a sub-cooler.
Vessels

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.
Contracts and Tenders

Sempra, ConocoPhillips seal another 20-year Port Arthur LNG SPA

US energy giant ConocoPhillips has signed a deal with compatriot LNG exporter Sempra Infrastructure, a unit of Sempra, to buy a total of 80 million tonnes of LNG from the proposed second phase of the Port Arthur LNG project in Texas. With this deal, ConocoPhillips will buy a total of 180 million tonnes of LNG from both Port Arthur phases.

More News Like This

Vessels

NYK, partners take delivery of QatarEnergy LNG carrier

Japan’s NYK and its partners K Line, Malaysia’s MISC, and China’s CLNG have taken delivery of a 174,000-cbm LNG carrier built under the massive QatarEnergy shipbuilding program.
LNG Terminals

South Korea’s Kogas says July sales drop

South Korean LNG importing giant Kogas said its gas sales decreased by 7.6 percent in July compared to last year.
Vessels

HD Hyundai Heavy kicks off work on Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL's floating storage and regasification unit (FSRU), which will serve Gaz-System's Gdansk LNG project in Poland.
LNG Terminals

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA