STL Technology Confirmed for Hoegh LNG
Offshore LNG terminals is one of two core business areas APL is focusing on, both using the company's leading STL technology. The agreement with Samsung and Hoegh LNG confirms the leading position APL has taken in the growing market for offshore LNG re-gasification terminals.
Hoegh LNG has a long term strategy to develop floating LNG regas solutions worldwide, utilizing shipboard STL connectors for gas equipment for quick connect and disconnect operations suitable for Hoeghs's LNG shuttle and regasification vessels (SRVs). The LNG re-gasification vessels are capable of re-gasifying their LNG cargoes onboard and delivering gas through a STL to be piped ashore.
APL has delivered and installed one offshore LNG terminal for the Gulf of Mexico and is currently working on a second terminal. In addition to these two terminals, APL has delivered three ship sets and has another four on order. These ship sets are similar to the ones ordered by Hoegh LNG. The SRVs for Hoegh LNG are intended to serve the Neptune LNG deepwater port off Boston.
Demand for LNG is growing globally and reliable gas deliveries are a prerequisite for further positive market development. APL is well positioned to take part in this market growth and expects growing business activity from the Terminal business.
APL's final delivery to Samsung will take place during Q1 2009.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea