DSME bags $748m Russian LNG barge deal

Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW900bn ($748m) order to build two liquefied natural gas (LNG) barges from a Russia’s Novatek.

The floating LNG barges are a facility to tranship LNG from LNG icebreakers to LNG carriers. They will operate between Murmansk and the Kamchatka Peninsula when delivered at the end of 2022 to be used as a way station for LNG carriers as Arctic gas shipments are set to increase dramatically to Asia and Europe.

The deal includes an option to build two additional LNG barges, DSME stated in a release today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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