As the world grapples with the drastic consequences of global warming, the demand for liquified natural gas (LNG) is rising. It is the least polluting marine fuel, has various uses, and offers a promising solution.
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LNG is a reliable and sustainable fuel which can ensure global energy security while meeting international environmental standards.
The global dependence on LNG is quite pronounced, emphasising the importance of LNG Shipping Companies in transporting this fuel from production hubs to consumption centres.
The global energy landscape is quite uncertain presently, and the conflict between Ukraine and Russia has caused a gas supply shortage in Europe.
However, experts have forecasted a significant 7.5% growth in the LNG fleet in the coming years. This growth will be driven by increased LNG demand worldwide and expanding production capacities.
The global LNG tanker fleet comprised 734 ships, including floating storage units, by the end of .
In this article, we explore 12 major LNG shipping companies.
Founded in , this Qatari shipping company is involved in energy transportation and boasts one of the biggest LNG fleets in the world, consisting of 69 LNG carriers.
Through its subsidiary company, Nakilat Shipping Qatar Limited, it operates a floating storage regasification unit, 4 VLGCs, and 24 LNG carriers.
Apart from sea-borne transportation of LNG, it also operates a shipyard in Ras Laffan, providing vessel repair and fabrication services. Its diverse portfolio of services also includes towage and maritime solutions for all kinds of ships.
Nakilat shipped 883 LNG Cargoes in , comprising more than 78 million MT of LNG. It delivers LNG to 41 countries at 97 ports of call.
MISC Berhad is a subsidiary company of Petronas and a renowned shipping line in Malaysia. It is a prominent name in the LNG shipping industry, with a fleet of 31 LNG carriers having a capacity of around 2.7 million m3.
These LNG Ships are categorised into different classes such as Seri C, B and A, Tenaga, Aman, etc.
In , the company received its advanced ship, Seri Cenderawasih. Its biggest LNG Carrier is Seri Bhakti, which has a capacity of 452,319 m3.
MISC Berhad&#;s LNG Ships are compatible with over 100 LNG terminals and 45 export terminals across the globe.
Part of the famous NYK Line, this company was established in and provides LNG Ship Management Services, playing a vital role in LNG transportation.
NYK LNG Shipmanagement operates LNG ships and offers expertise in LNG transport and cargo operations that are suited to the needs of shipowners and clients.
Its teams are at the centre of ship operations and work with ship owners for vessels managed directly by the company.
The company also offers crew management services, education and training seafarers and other technical services.
It has 37 vessels under direct management and 26 under indirect management.
This energy corporation specialises in oil and gas. It is based in California and is present in over 180 nations. It is also engaged in exploring hydrocarbons, production and refining processes, shipping, marketing and power generation.
Among its significant projects is the Angola LNG Project, the biggest in Africa and the first LNG Project in Angola, operated by Angola LNG Limited.
It is the first LNG plant in the world to be supplied with associated gas and aids in offshore oil field development. It can process 1.1 billion cubic feet of natural gas daily.
This company offers shipping services to its customers across the LNG Market and strives to embrace the energy transition through sustainable solutions, such as zero-carbon ships.
It has 45 ships under its management, with a total capacity of around 6.6 million m3 and 13 ships in its orderbook. It is a subsidiary company of the Angelicoussis Shipping Group.
Its fleet includes many technologically advanced ships and the world&#;s biggest LNG Carriers, the Q-Max Ships, with a 266,000 m3 carrying capacity. Two years ago, it welcomed the John A. Angelicoussis and Maran Gas Amorgos, two new additions to its fleet.
Maran Gas invests in new and groundbreaking technologies to improve operations and ensure its place in the LNG Shipping industry.
Shell is a reliable name in the LNG industry and operates a considerable fleet of LNG Carriers worldwide.
These carriers enable the transportation of this marine fuel while Shell oversees the technical and commercial aspects of the ships to ensure safety and efficiency standards are met.
Shell also manages about 20 LNG Carriers across three classes and operates FSRU Prelude, the biggest LNG Carrier in the world.
The M Class Twin-Propulsion ships can accommodate 174,000 cbm of LNG. The Nakilat Q-Max and Q-Flex Ships can carry 266,000 cbm and 216,000 cbm of LNG. The carriers of NWS Class are associated with Northwest Shelf Project, Australia and can carry 130,000 cbm of LNG from Australia to countries in Asia.
Shell has also developed new LNG projects and infrastructure, such as floating LNG units and LNG terminals.
BW LNG is a subsidiary of the BW Group, a maritime company founded in . It is involved in shipping, oil and gas exploration and investing in sustainable technologies. It has a fleet of more than 450 ships, including 200 LNG and LPG Carriers.
BW LNG has 34 LNG Carriers and FSRUs in its fleet, employees and 7 Offices. In , the company reduced its total carbon emissions by 4% and improved its EEOI by 8%.
The company acquired its first LNG Ship in and has since focused on improving operational efficiency in the LNG Market through innovative engineering design, crew training, and technical management of ships.
BP is a leader in the LNG shipping sector because of its LNG marketing and trading abilities. It delivers LNG solutions, adding value and long-term profits for its customers.
It has a significant presence in Europe and is a major buyer and seller of liquified natural gas in the Middle East and Asia. It also has sales contracts in Korea, Taiwan, Singapore and Australia.
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As a major shareholder of one of Azerbaijan&#;s biggest gas condensate fields, it generates 25 billion m3 of gas annually for Europe. It is also developing LNG projects in Mauritania and Senegal.
Its fleet comprises partnership-class vessels with a 173,400 cubic metres capacity and Mariner-class LNG Ships with a deadweight of 45,999 tonnes.
This company is based in Monaco and has established itself as a leading LNG Services provider since . It has a fleet of 35 LNG Carriers that ship LNG to various destinations.
GasLog London is its biggest LNG Ship, including others such as the advanced and fuel-efficient GasLog Sydney and dual-fuel engine-driven Savannah.
With its modern LNG Fleet, it is ready to meet the market requirements. It also manages a fleet of LPG Carriers.
It has 160 employees in its offices based in Singapore, London and Piraeus, and over seafarers work onboard its vessels.
Established in as an LNG maritime transportation company, Dynagas has 18 LNG Ships in its fleet with a total capacity of around 3 million m3. It offers ship management services and invests significantly to achieve its sustainable goals.
One of its ships launched in , the Clean Copano, boasts a 199,829 cubic metre capacity.
Apart from traditional LNG Shipping, Dynagas has also specialised in sub-zero, ice, and rough weather conditions by building knowledge and experience in shipping in such places.
It conducted extensive investigations and invested in Ice Class 1A and winterised LNG Ships.
This multimodal transport group meets several transportation requirements with one of the biggest merchant fleets in the world, comprising 816 ships.
MOL also provides education and training for seafarers to ensure the safe and reliable delivery of energy products such as crude oil and LNG.
The company&#;s expertise in the LNG sector began after it acquired its first LNG Ship, Senshu Maru, in . Since then, it has achieved many milestones. For instance, in , it became the first Asian maritime company to operate an icebreaking LNG Ship for the Yamal LNG Project.
It manages around 70 LNG Ships through 6 companies worldwide and owns LPG Tankers. In , it began operating the first very large ethane carrier.
Incorporated in , this company focuses on tapping into the growing LNG market.
Flex LNG has 13 LNG Carriers, all built with two-stroke propulsion. Its fleet includes 9 M-Type, electronically controlled Gas Injection (MEGI) LNG Ships and 4 Generation X Dual Fuel Ships constructed between and , making it relatively new and modern.
These LNG Carriers provide several improvements in fuel efficiency and reduce carbon footprint compared to four-stroke propelled vessels.
The company has fixed 11 ships on fixed-rate charters for the long term and has a significant contract backlog.
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Zahra is an alumna of Miranda House, University of Delhi. She is an avid writer, possessing immaculate research and editing skills. Author of several academic papers, she has also worked as a freelance writer, producing many technical, creative and marketing pieces. A true aesthete at heart, she loves books a little more than anything else.
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The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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Liquefied natural gas (LNG) is natural gas that has been cooled to &#;260 ° F (&#;162 ° C), turning it into a liquid that is approximately 0.17% of its original volume. Natural gas is the most environmentally friendly combustion option from fossil fuels, which means that prioritizing its use globally will help reduce global CO2 emissions and improve public health. The LNG process allows this profitable fuel to be safely and efficiently offloaded aboard purpose-built LNG vessels.
LNG transportation companies can look forward to another successful year when profits can peak.
During the most part of , the LNG transportation market was in a downturn, as were many other segments of the global gas industry due to the pandemic. LNG exports fell 0.2% year on year in to 5 682 shipments, driven by a slowdown in LNG demand amid the Covid-19 pandemic. The commissioning of various LNG carriers around the world has exacerbated this trend. In the period from to , the market recorded a record commissioning of LNG tankers: 139 tankers entered service. As a result, more than 600 LNG tankers were operating on the global market at the beginning of .
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