China Steps Up with LNG

Thursday, April 26, 2007
China has made concrete progress in shipbuilding. In September 2007, the first LNG (Liquefied Natural Gas) ship made by China State Shipbuilding Corporation (CSSC) will be delivered, reported the state-run Xinhua News Agency on February 19, 2007.

The LNG ship has a capacity of around 47,199 cubic meter and is currently under-construction by Hudong-Zhonghua Shipbuilding, an arm of CSSC, the topmost shipping group in China and third largest in the world.

The technology of LNG shipbuilding is the most sophisticated in the world and will place the Chinese shipbuilding industry in a more profitable position as against its competitors. Only Japan, Republic of Korea, and some European countries have obtained the technologies to make such kind of ocean liners.

Four more such kinds of LNG ships are under-construction and will be delivered by 2007 end. China is ramping up its R&D facilities for the development of LNG vessels with a huge capacity of 200,000 cubic meter, said CSSC.

Since natural gas can be converted into liquid state only at a temperature below minus 163°C, LNG vessels are often called as the “marine super freezer”.

According to the RNCOS report “Liquefied Natural Gas (LNG) in China”, with dynamic economic growth, environment regulations, rising oil prices, growing LNG shipbuilding industry, and declining liquefaction costs, energy imports by China are projected to go upward further. The country is predicted to be an important LNG importer for Australia and Middle East in the Asia-Pacific region. Although China has grand plans for developing its LNG industry but it needs substantial financing from both domestic and international arenas that is acting as a bottleneck alongwith high LNG prices for the development of Chinese LNG industry.

The market research report is a work of in-depth analysis comprising information on Chinese LNG industry including demand and supply position in the country, LNG import infrastructure (with focus on major LNG terminals of China), LNG pricing, industry analysis (driving forces, opportunities, and challenges), and gas sector regulatory framework in China. The report also discusses the LNG market scenario at global level, like LNG gas reserves and potential, trade and supply volume, and capital expenditure on LNG projects (covering the timeframe of 2000 to 2009).

For more information visit: http://www.rncos.com/Report/IM0302.htm

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

LNG

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

GTT, Endel Team-up to Roll-out Membrane Containment Systems

21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0716 sec (14 req/sec)