Natural Gas News

Flexible and Modular Natural gas running fleet perception receives Approval in Principle.

Flexible and Modular Natural gas running fleet perception receives Approval in Principle.


The technology group Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of a memorandum of understanding cooperation signed in June 2016 between the three companies.The aim of the concept is to offer global operators a more efficient and economical fleet design that meets current and anticipated environmental requirements according to the classification rules. The fleet comprises four vessels; a pusher tug, LNG storage barge, LNG regasification barge, and a floating liquefaction natural gas barge. The pusher tug can be used to transport the three barges.The concept's main advantages are its operative flexibility, and the fleet's competitive CAPEX and OPEX costs. The pusher tug makes all the units mobile and transportable. The number and choice of units will depend on the project, since not all of the concept's units are necessarily needed for every project. For example, the concept can be utilized to act as an LNG carrier (using only the pusher tug and LNG storage barge), or it can be used for more complex projects involving liquefaction and regasification systems (using all units). The modular design of Wärtsilä's liquefaction and regasification units makes this an ideal concept for gas plants in the 50-200 MW range. The low draft design also makes it very attractive for gas power plant projects in South East Asia.The project has attained the authority of China's National Patent Office and has been conceptualised by CHI. The design and engineering development, especially in relation to the hinge joint, mooring arrangement, ship type and seakeeping analysis, has also been carried out by CHI. Wärtsilä has supported this project through its extensive experience and expertise in supplying LNG systems for the complete gas value chain. It is expected that when ordered, the fleet vessels will include Wärtsilä dual-fuel engines and steerable thrusters, the Wärtsilä LNGPac gas storage and supply system, a Wärtsilä liquefaction module, a Wärtsilä LNG cargo handling system, and a Wärtsilä regasification module."This is a new and innovative fleet concept that is designed to create better efficiencies for companies involved in any part of the natural gas supply chain. By combining CHI's know-how in this field with Wärtsilä' s vast technological competences, we have together taken yet another step forward in creating an optimal LNG supply chain," says Sanjay Verma, Director, Business Development, South East Asia, Wärtsilä Marine Solutions."We have worked together with Wärtsilä for many years in various marine and offshore projects. Wärtsilä has the technical leadership and a broad portfolio of products and solutions in LNG systems for marine applications, and is a partner that we enjoy working with. This natural gas operating fleet concept is a new and exciting development, which should bring extensive customer benefits. CHI will continue to focus on LNG related business, and extend its market influence, research and development for LNG projects." says Mr.Zhao Zhijian General Manager of CHI technical R&D center."LR has completed a preliminary hazard identification (HAZID) study for this innovative design. This study covered the fuel gas supply system, the transfer of LNG between the vessels, as well as the mooring arrangement of the fleet, and as a result the Approval in Principle certificate has been issued," says Ms Wei Ying, Principal Specialist & General Manager, Shanghai Technical Support Office, Lloyd's Register Marine & Offshore.

Other News You May Interested

Trend Update

Trend Update... read more ...

Gold holds constant near 3-1/2 month high

Trump's economic policy  Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...

Silver Stocks Severely Undervalued

Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...

Gold hits 4-month high, top Rs325 on substantial global cues.

Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...

BULLION: The Prized metals, gold and silver snapped

its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...

Crude oil slips nearly 1 percent on Care over rising U.S. output

Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

But... read more ...

Natural Gas Shortened-Term Storhouse Outlook.

The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...

Silver Price Equal Off with Notable Support

Silver Price Equal Off with Notable Support

See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...

Gold holds around 3-1/2 month high Trumps economic policy in target.

BENGALURU, FEB 27:  
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor... read more ...