Clean energy company CBI Energy and Chemical Group is looking to order up to 20 LNG carriers from South Korean shipbuilders, Reuters reports.
In addition to a 10+10 vessel order, the company revealed that it would be seeking to buy floating LNG production and import facilities as part of its master plan for developing LNG business in Africa and Asia.
The company told Reuters there is a need to custom-build specialty LNG carriers to meet its business needs and that it has engaged Korea Offshore and Ship’s Technology (KOST) to find South Korean shipbuilders for the projects, which could be worth up to $3.8bn. According to an official from the company, it has raised 2 billion euros from European private equity investors to fund the orders.
CBI Energy is a British Virgin Islands-registered company and has offices in Hong Kong, Beijing and Switzerland. Its core investments are in a clean coal technology as well as LNG.
Check their website carefully – including senior management: http://www.coal-based.com/v2/about_team.php. Is this the same guy? http://tinyurl.com/godq8lf
An LNG equivalent of Sanco Steamship Co. is the last we need!
these boys don’t read history?
Cant go big these days, unless an incumbent in a given segment