Subscribe to RSS feedNewbuilding demand to return in ‘late 2009’
THE short answer to when demand for liquefied natural gas carriers will return and what shipbuilding nation will directly benefit, is probably contained in last month’s announcement that UK energy company BG Group and China’s oil major CNOOC are jointly to order two LNG carriers.
The two companies have joined hands on a project that will deliver 3.6m tonnes of LNG on CNOOC’s account from Queensland’s Curtis LNG project to China over a period of 20 years.
A final investment decision will not be...
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