Marine Link
Sunday, September 25, 2016

ChevronTexaco Orders Two LNG Carriers

May 9, 2005

ChevronTexaco Corp. ordered two LNG carriers from Samsung Heavy Industries (010140.KS) of South Korea to support the planned growth in the company’s LNG business.

The new LNG carriers will have a capacity of 154,800 cubic meters each. Both carriers will be of membrane-type design and equipped with dual fuel diesel-electric propulsion. The two carriers are planned for delivery in 2009.

ChevronTexaco Global Gas President John Gass said: "ChevronTexaco has large holdings of natural gas resources in the Pacific and Atlantic Basins. The new LNG carriers will enable ChevronTexaco to safely deliver reliable and competitive energy services to our customers."

Gass noted, "It is important that our company invest now to meet the growing demand for energy in the future." He added, "ChevronTexaco is making good progress at securing market access for its LNG supply projects. This latest commitment provides ChevronTexaco with a flexible and competitive means of transportation to underpin the company’s LNG growth strategies."

ChevronTexaco Shipping President Mike Carthew said: "ChevronTexaco is committed to bringing its strong record of safety, reliability and environmental performance to the operation of this newest generation of LNG carriers. The order for two LNG carriers marks a milestone for ChevronTexaco by complementing the various LNG export and import terminals the company is developing worldwide."

The two LNG carriers will be operated by ChevronTexaco. The company currently operates a fleet of approximately 30 oil and gas tankers.



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News