Home Fossil Energy GAIL's LNG fleet growing thanks to handle K Line
December 2, 2024, by Dragana Nikše
India's state-owned gas gamer GAIL has actually signed a long-lasting time charter contract with Japanese shipping business Kawasaki Kisen Kaisha (K Line) for a brand-new melted gas (LNG) vessel to be developed by South Korea's Samsung Heavy Industries (SHI).
Illustration; Source: K Line
The arrangement was concluded through a ship-owning business developed in Singapore, which likewise gave out a shipbuilding agreement to SHI. The 290-meter-long, modern-day two-stroke vessel with a tank capability of 174,000 cubic meters is arranged to begin operations in 2027.
The agreement was signed by GAIL's Executive Director of Marketing Shipping & & Intl. LNG, Satyabrata Bairagi and K Line's Managing Executive Officer of LNG, Carbon Solution Business, Satoshi Kanamori. Bairagi noted he was “happy to have all 3 leading Japanese Shipping lines now connected with GAIL's LNG journey.”
Signing event; Source: K Line
The Indian gamer presently has 4 LNG vessels– GAIL Bhuwan, GAIL Urja, Grace Emilia, and Maran Gas Pericles. 2 extra ships are anticipated to sign up with the fleet next year, consisting of one newbuild on long-lasting charter. K Line's fleet is bigger, boasting 46 owned and co-owned LNG providers since September 30, 2024.
GAIL just recently tattooed a handle ADNOC, which is set to provide approximately 0.52 million metric tonnes per year (mmtpa) of LNG for 10 years, beginning in 2026. The gas will be provided from ADNOC Gas' Das Island liquefaction center.
K Line invited Pontus Highway, a 7,000 CEU LNG-powered automobile provider, last week. Utilizing LNG as the vessel's primary energy source is anticipated to decrease emissions of co2 (CO2) by 25% to 30%, and emissions of sulfur oxides (SOx) by nearly 100%.
