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

Energy

AET Names DP Shuttle for Statoil Charter

Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen.    Eagle Bergen is the second of two vessels

US Oil Drillers Cut Rigs as Crude Prices Collapse

U.S. energy firms cut a surprisingly sharp 13 oil rigs this week, the first drop in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.

Asia Tankers-VLCC Rates Will See More Volatility

VLCC market to be "hot" in Q4 -VLCC broker. Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel

News

Arctic Cruise Ship Brings High-tech, Green Design

A new vessel has been designed as a luxury expedition cruise vessel for worldwide operation including Arctic and Antarctic regions for itineraries up to 21 days with 300 passengers aboard.

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

AET Names DP Shuttle for Statoil Charter

Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen.    Eagle Bergen is the second of two vessels

Logistics

Port Pipavav Berths its Largest Box Ship

APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), a gateway port in western India, has berthed the largest container vessel in the Port Pipavav’s history, the terminal announced today.

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Asia Tankers-VLCC Rates Will See More Volatility

VLCC market to be "hot" in Q4 -VLCC broker. Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2226 sec (4 req/sec)