China signs deal to develop world’s largest LNG carrier

Source:Global Times Published: 2019/4/2 21:33:40

Nation signs deal to develop world’s largest LNG carrier

Visitors tour ENN Energy Holdings' LNG terminal in Zhoushan, East China's Zhejiang Province in November 2018. Photo: VCG

China signed a deal to develop a super-large liquefied natural gas (LNG) carrier with Norwegian classification society and maritime services provider DNV GL on Tuesday, domestic news site reported Tuesday.

Hudong-Zhonghua Shipbuilding (Group) Co, owned by state-run China State Shipbuilding Corp, and DNV GL will jointly develop a 270,000-cubic-meter LNG carrier that can carry the equivalent of 155 million cubic meters of natural gas per time, an amount that can supply 4.7 million households in Shanghai for a month, according to the report. 

DNV provides technical support and design advice to the maritime industry.

LNG carriers have been commonly called "super freezer cars on the sea," and it requires superior technological support to build them. They are often dubbed the crown jewels of the global shipbuilding industry. Carriers need to store and transport LNG at extremely low temperatures of -163 C. 

China has surpassed Japan as the world's largest natural gas importer, according to a report released by CNPC Economics & Technology Research Institute on January 16. 

The country's external dependency on crude oil will soar to 69.8 percent and that on natural gas will rise to 45.3 percent in the coming years, according to the CNPC report.

"With this huge upsurge in use of natural gas as an energy source, increasing demand for LNG carriers is inevitable," Zhou Liwei, an expert of Beijing-based China Classification Society, told Global Times on Tuesday.

In order to secure China's energy supply chain and break the monopoly of the shipyards of Japan and South Korea, China has to develop its own advanced energy carriers, according to Zhou.

"As the world's largest shipbuilder, we have sufficient technical reserves to build a large carrier and it would be a milestone for our shipping industry," he added.  

Newspaper headline: Nation signs deal to develop world’s largest LNG carrier


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