South Korea LNG news
bp and KOGAS sign long-term LNG SPA
bp has entered into a long-term LNG sale and purchase agreement with Korea Gas Corp.
ORION SPIRIT to set sail as Korea's 500th LNG carrier exported since 1994
Ministry of Trade, Industry, and Energy Minister, Dukgeun Ahn, attended the naming ceremony for the LNG carrier ORION SPIRIT on 18 April 2024 at Samsung Heavy Industries’ Geoje Shipyard, marking the 30th anniversary of Korea's first LNG carrier built in 1994.
Rystad: LNG maintains grip on fuels despite dual fuel growth
Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.
GlobalData: oil and gas contract value sustains despite 22% drop in volume during 2023
Oil and gas industry exhibits resilience as contract value sustains despite 22% drop in contract volume during 2023, reveals GlobalData.
Hanwha Ocean concludes joint development project with Bureau Veritas for LNG carrier design development
Bureau Veritas has announced the successful conclusion of a joint development project with Hanwha Ocean Co., Ltd for the development of a 270 000 m3 LNG carrier.
Woodside and KOGAS sign agreement for long-term LNG supply
Woodside has signed a sale and purchase agreement with KOGAS for the long-term supply of LNG to Korea.
GTT receives tank design order from Samsung Heavy Industries for 15 LNG carriers
GTT has received an order from Samsung Heavy Industries for the tank design of 15 new LNG carriers on behalf of a leading LNG player.
Daewoo E&C installs liquefaction plant core process at Nigeria LNG’s Train 7 site
Daewoo Engineering & Construction has completed the installation of a cryogenic heat exchanger at Nigeria LNG's Train 7.
GTT to design tanks for two new LNG carriers
GTT has received two orders for the tank design of two new LNG carriers.
South Korea achieves simultaneous LNG bunkering operations on bulk carriers
Simultaneous operations of ship-to-ship LNG bunkering have recently been conducted for the first time in Korea for a coal-carrying bulk carrier at the POSCO raw material dock.