Golar Bullish on LNG Market
Through the provision of cheaper and cleaner energy the liquefied natural gas (LNG) market will likely take market share from coal and oil and sustain industry growth levels of around 10% for the foreseeable future, said Golar LNG.The shipping company registered in Bermuda said that key markets continue to import record levels of LNG as they distance themselves from coal and nuclear, with Chinese and Korean 2018 demand up 41% and 18%, respectively.Lessons learned from gas shortages and last minute buying at the end of 2017 meant that China entered the winter buying market earlier in 2018. Milder than expected temperatures subsequently…
Wärtsilä and Golar LNG Signs Major Contract
Wärtsilä has signed a five-year maintenance agreement with Golar Management Oslo for the delivery of services to Golar LNG, which is one of the world's largest independent owners and operators of LNG tankers. Service agreement includes remote monitoring of engines, maintenance planning, advisory services as well as guaranteed access to personnel and spare parts, Wärtsilä said in a statement. Golar's thirteen LNG carriers and Floating Storage and Regasification Units (FSRU's are all equipped with Wärtsilä engines— 52 engines, in all. This prompted Golar LNG to turn to Wärtsilä for Asset Performance Optimization concepts and solutions. "One of Golar LNG's strategic assets is our operational excellence. We want to maintain the highest standards for safety and reliability.
Wärtsilä to Provide TMA for Golar Fleet
Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world. The service agreement includes remote monitoring of engines, maintenance planning, advisory services, and guaranteed availability of personnel as well as spare parts. Golar LNG operates a fleet of 13 vessels, dedicated to both LNG transportation and midstream floating solutions. The company developed the world's first Floating Storage and Regasification Units (FSRU's) based on the conversion of existing LNG carriers. Golar's LNG carriers and FSRU's are all equipped with Wärtsilä engines, the number of engines totalling at 52.
