BP is taking delivery of six new liquefied natural gas (LNG) tankers to support its global LNG portfolio, the company announced on Wednesday.
The company proclaimed that the LNG tankers are compatible with the growing demand for lower-carbon energy sources around the world.
The vessels will help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio, the press release said.
“These vessels will significantly increase BP’s ability to safely transport LNG to anywhere in the world, directly supporting BP’s global natural gas strategy,” BP Shipping CEO Susan Dio said in the press release.
“They also will be among the most fuel-efficient and technically advanced LNG tankers ever built,” Dio added.
According to the press release, new ships are equipped with next-generation engine technology and are designed to be about 25 percent more fuel efficient than their predecessors.
BP has a long-term contract for 230 Trillion British Thermal Unit (BTU) per year of LNG capacity in the Freeport LNG facility, which is under construction, and the first train is expected to become operational by the end of 2018.
BP also participates in LNG projects in Australia, United Arab Emirates, Indonesia, Trinidad and Angola. This portfolio includes a mix of long-term, mid-term and short-term supply to enable BP to best meet the ever-changing needs of its global portfolio of customers, BP's press release read.
By Muhsin Baris Tiryakioglu