World’s First’ Fifth-Generation LNG Carrier Put To Sea Months Earlier Than Planned

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A new liquefied natural gas (LNG) carrier has been launched five months ahead of its contract period. This vessel has been developed, designed, and built by Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC).

After the naming and delivery at the Hudong Zhonghua Changxing Island Factory in March came the launch of the Lv Neng Ying LNG carrier on May 15. According to China Shipbuilding Industry Association (CANSI), this is the “world’s first” fifth-generation Changheng Series 174,000 cubic meter large-scale LNG transport ship. The LNG carrier will work for China’s energy giant CNOOC.

Two phases

This is divided into two phases, building 12 LNG ships of 174,000 cubic meters in total. If these ships are put into operation, about 7 million tons of LNG will be transported back from all over the world every year, which is estimated to have the potential to meet the needs of 54 million families for nearly a year.

Business strategy

CNOOC’s business strategy and development plan for 2024 spotlights its intention to step up oil and gas production, strengthen hydrocarbon reserves, and scale up natural gas exploration activities. The Chinese player also intends to boost its energy transition journey to low-carbon and renewable energy.

A loading operation of an FPSO, which is said to be independently designed and built by China, was recently completed with COSCO SHIPPING Heavy Transport’s semi-submersible heavy lift vessel.

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Source: Offshore energy