Venture Global Launches First LNG Vessel, Venture Gator

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Venture Global has successfully launched its first LNG vessel, the Venture Gator, at a ceremony held at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. This vessel is the first of nine LNG carriers in the Venture Global fleet, scheduled to be completed over the next 24 months across three shipyards in South Korea. These ships will transport LNG from the U.S. to global partners and destinations, featuring state-of-the-art environmental and efficiency technologies.

Fleet and Future Plans

  • Fleet Expansion: The Venture Gator is the inaugural ship in a fleet of nine LNG carriers.
  • Timeline: The fleet will be completed in quick succession over the next 24 months.
  • Service Commencement: The ships will begin operations, serving global partners in Europe and Asia, starting this fall.

Technological Advancements

  • Environmental Technology: The Venture Gator features best-in-class environmental technologies.
  • Efficiency Features: Key technologies include a new hull design, onboard reliquefication, air-lubrication systems, an auxiliary shaft generator, and exhaust gas recirculation systems, making it one of the cleanest LNG carriers on the ocean.

Strategic Impact

  • Global Supply: The fleet will enhance the security of natural gas supply through low-cost LNG delivered to global allies.
  • U.S.-Europe Relations: The launch aligns with President Biden’s commitment to increasing LNG supply to Europe.

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Source: PR Newswire