Keppel Offshore & Marine (O&M) has signed two additional contracts with Stolt-Nielsen Gas BV following the exercise by Stolt-Nielsen Gas of its options to build two additional small-scale LNG carriers worth a total of around S$ 105 million.
Three options were granted to Stolt-Nielsen Gas, a subsidiary of Stolt-Nielsen Limited, as part of the original contract to build two LNG carriers signed in May 2017 with Keppel Singmarine, a subsidiary of Keppel O&M. The first option lapsed in November 2017, while the second and third options have now been exercised.
Bunkering LNG Carriers
Similar to its preceding two units, the two LNG carriers will each have a capacity of 7500 m3, and come equipped with engines that can run on both diesel and LNG. To be completed in 4Q 2020 and 1Q 2021 respectively, the carriers will have a class notation for bunkering, which enables the provision of LNG bunkering services if required.
With the tightening of global emissions standards, the marine industry is increasingly adopting LNG as a marine fuel. Economical and quick to market, small-scale LNG projects are a means to reaching end users located in remote areas not served by pipelines.
