DNV to Cooperate with Korea Gas Corporation

Press Release
Monday, January 21, 2013

DNV and Korea Gas Corporation (KOGAS), Korea’s national gas company, has entered into an agreement to cooperate on a feasibility study on the establishment of an LNG bunkering infrastructure in Korea.

 

This is one of the largest and most comprehensive feasibility studies ever initiated in the worldwide LNG bunkering industry.


Based on this agreement, DNV will qualitatively and quantitatively study the feasibility of implementing LNG bunkering in ports in the south-eastern area, Pusan, and western area, Incheon and Pyeongtaek. This project will be led by Dr. Sun Il Yoo, Senior Customer Service Manager in DNV Korea, who will be assisted by the DNV Clean Technology Centre in Singapore.


KOGAS has formed consortiums with Korea’s major energy companies to carry out the feasibility study. It will be run by a consortium consisting of KOGAS and Kyungnam Energy in the south-eastern area, and by a consortium consisting of KOGAS and Samchully in the western area.


Through this project, DNV aims to define Korea’s commercial opportunities related to LNG distribution and shipping by addressing possible LNG supply chains and infrastructures, technologies related to LNG shipping and bunkering, standards, regulations and issues regarding public acceptance.


“DNV is one of the globally leading risk management service providers that have extensive experience in LNG sectors. KOGAS has already cooperated closely with DNV on R&D and Health, Safety, Environmental and Quality (HSEQ) management. We’re looking forward to continuing our partnership, to which DNV can bring its risk-analysis expertise in the LNG sector, and especially in the LNG bunkering field, and help us to take this LNG bunkering project one step closer to reality,” says Yang, Young Myung, Vice President and Head of the R&D Division at KOGAS.


“For years, DNV has developed comprehensive knowledge of the entire LNG value chain. We are the first classification society to present guidelines on LNG-fuelled vessels and have recently been active in introducing innovative LNG shipping concepts. DNV is leading the development of rules and recommended practices in the LNG sector, including the development of bunkering standards. We are thrilled to provide our expertise to KOGAS, the largest LNG importing company in the world,” comments Jon Rysst, Regional Manager of DNV Korea & Japan.


Prior to this agreement, in May 2012, KOGAS formed an LNG bunkering consultative group to build an LNG bunkering infrastructure, develop an LNG propulsion ship and improve the gas supply to coastal and insular areas. The group, led by KOGAS, includes Korea Gas Safety Corporation, major shipbuilders (Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries and STX Offshore & Shipbuilding), classification societies (DNV, LR and KR), major energy companies (POSCO, Kyungnam Energy, Samchully, SK E&S and STX Energy), a shipping company (STX Pan Ocean) and relevant industry associations. By forming this expertise group and initiating R&D projects, KOGAS aims to expedite the development of LNG bunkering infrastructures and LNG bunkering vessels and make Korea one of the first movers in the global LNG bunkering industry.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Eni Finds Giant Egyptian Offshore Gas Field

The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

LNG

Gazprom, OMV Meet on Establishing Nord Stream JV

At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV,

Volvo Penta Debuts Marine Gas Sterndrive Engines

Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va.

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

News

Obama Defends Arctic Oil Drilling

United States' President Barack Obama defends his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean.   He insisted that there was no contradiction

Optimistic on VLCC Market

Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards.   The demand is expected to remain elevated with

Eni Finds Giant Egyptian Offshore Gas Field

The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.

Classification Societies

ClassNK Verifies lino Marine Service GHG

Classification society ClassNK has carried out the independent third-party verification of Iino Marine Service’s greenhouse gas (GHG) emissions inventory based on a reasonable level of assurance.

ClassNK to Issue Guidance on Composite Propellers

Classification society ClassNK announced it will release the world’s first Guidelines on Composite Propellers (Part on Manufacturing/Product Inspection) on August 31.

IRS Opens Office in Abu Dhabi

Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office

Logistics

Optimistic on VLCC Market

Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards.   The demand is expected to remain elevated with

Goldenport Bleeds in Red

Goldenport Holdings Inc reported a net loss of USD14.7 million in the first six months of 2015, significantly wider than the USD1.4 million net loss a year earlier

Strong Returns for Sovcomflot

Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months.

Surveyors

MN 100: Baker Marine Solutions, LLC

The Company: Baker Marine Solutions (BMS) is an industry leader providing marine assurance and consulting services, performing DP assurance, OCIMF- OVID inspections,

What Have We Learned From Hurricane Katrina?

To mark the 10th anniversary of Hurricane Katrina, specialist insurer Allianz Global Corporate & Specialty (AGCS) has released a report analyzing windstorm risks

HKND Awards Contract for Survey for Nicaraguan Canal

HKND Group, concessionaire of the Nicaragua Interoceanic Grand Canal project, signed an agreement with international geological and resource consultancy CSA Global

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Salvage Ship Simulators 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: 0.1693 sec (6 req/sec)