WE Tech wins contract for Shell-chartered LNG carriers

Finland’s WE Tech Solutions has won a contract to supply equipment to eighth liquefied natural gas carriers that will go on charter to LNG giant Shell.

The Finnish company says it will start supplying its equipment in February 2021.

Under the deal, WE Tech will supply two sets of direct drive permanent magnet shaft generators.

The deal also includes the delivery of variable speed frequency drives and dedicated power management system.

We Tech did not reveal any additional info regarding the contract.

Norway’s Knutsen, investors advised by J.P. Morgan Asset Management and Korea Line are the owners behind the order for the LNG tankers.

The deal includes an option for the construction of an additional six vessels.

South Korea’s Hyundai Heavy Industries and Hyundai Samho Heavy Industries are building the 174,000-cbm vessels that will feature dual-fuel X-DF propulsion.

The delivery of the vessels is scheduled to start from mid-2022.

Most Popular

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.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

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.

More News Like This

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.

YPF expects more supermajors to join Argentina LNG project, CEO says

Argentina’s state-owned oil and gas company YPF expects more supermajors to become equity partners in the planned Argentina LNG project following a deal with Shell, according to CEO Horacio Marin.

Knutsen’s LNG FSU ready for Honduras job

Knutsen’s 2004-built LNG carrier, Bilbao Knutsen, has been converted into a floating storage unit, and the vessel is ready to start serving an LNG-to-power project in Honduras.

Shell expects Q1 LNG trading results to be in line compared to previous quarter

LNG giant Shell expects trading and optimization results for its integrated gas business in the first quarter of this year to be in line compared with the fourth quarter of last year.