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.

- Advertisements -

Most Popular

Excelerate to splash about $332 million on FSRU order in South Korea

Excelerate Energy will pay about $332 million for a floating storage and regasification unit (FSRU) it ordered at South...

Atlantic LNG freight rates hit new record

Spot charter rates for the global LNG carrier fleet in the Atlantic basin have reached a new record high,...

Excelerate orders FSRU at Hyundai Heavy

US floating LNG player Excelerate Energy has ordered a floating storage and regasification unit (FSRU) at South Korea’s Hyundai...

More News Like This

European LNG fueling network continues to expand

European network of liquefied natural gas (LNG) fueling stations continues to grow despite very high prices and is nearing...

Japan’s Inpex inks Abadi LNG deal with Indonesia’s PLN

Japan’s Inpex said it had signed a new memorandum of understanding with Indonesia’s state power company PLN regarding the...

Tellurian says Shell, Vitol LNG supply deals terminated

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

LNG Canada pipeline almost 75 percent complete

TC Energy’s Coastal GasLink project, which will supply natural gas to the Shell-led LNG Canada export terminal, continues to...