File image via Gasol
Malaysian offshore oil & gas services provider, Bumi Armada Bhd has signed agreements this week with ElectroGas Malta Ltd whereby they will convert an existing LNG carrier into a floating LNG storage unit and then operate it from a new terminal at Delimara, Malta. The natural gas will supply an existing 149MW power plant, which will be converted to operate on gas, and also a new 210 MW independent power plant that will be built, owned and operated by ElectroGas.
Bumi Armada says this contract is for a firm period of 18 years and 2 months and is worth approximately USD $300 million. Operations are expected to comments in 2016.
It’s unclear whether the vessel will have LNG regasification systems installed aboard it or if the LNG will be regasified on shore and we have reached out to ElectroGas Malta for clarification.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
ADEN/WASHINGTON, April 17 (Reuters) – U.S. strikes on Yemen’s Ras Isa fuel terminal on the Red Sea coast have killed at least 74 people in the deadliest attack since the U.S. started its...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
