Tuesday, May 20, 2008

BG Group returns to Samsung

BG Group plc has signed an agreement with Samsung Heavy Industries for the delivery of two new-build dual-fuel diesel electric (DFDE) LNG ships in Seoul.

The new ships will each have a cargo capacity of 170,000 cubic metres and are scheduled to be delivered in 2010.These two new vessels are sister ships to the vessels BG ordered from Samsung in 2006. BG Group's current LNG shipping fleet consists of more than 20 vessels that are comprised of owned and chartered ships. To date, Samsung has constructed and delivered eight ships for BG Group. These new ships are intended to replace chartered tonnage when delivered.
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