Repsol, Gas Natural sign LNG vessel deal

By OGJ editors
HOUSTON, May 17 -- The Stream joint venture of Spanish companies Repsol YPF SA and Gas Natural SDG SA has signed a 20-year time-charter contract with shipbuilder Knutsen OAS for another 138,000 cu m LNG carrier to be employed in its Atlantic Basin operations.

Knutsen, which will enter the vessel into service this year, will begin operating for Repsol and Gas Natural in 2009. The contract has an option for two 5-year extensions.

The JV also had contracted with Knutsen in January 2005 for an LNG vessel, the 138,000 cu m Izar 331, to be delivered in December 2007 from Sestao, Spain, shipyards.

The two LNG carriers will bring the JV's fleet to 13 vessels having a total gross capacity of more than 1.5 million cu m.

Related Articles

BG Group: Mzia DST supports potential hub development offshore Tanzania

08/27/2014 Results from the second drillstem test (DST) on the Mzia discovery on Block 1 offshore southern Tanzania indicated further support for a hub develo...

Canadian firms plan BC gas plant, target LNG export

08/19/2014 AltaGas Ltd. and Painted Pony Petroleum Ltd., both of Calgary, have agreed to develop processing and marketing of natural gas and NGLs for Painted ...

EIA: China to increase natural gas consumption, investment

08/18/2014 China more than tripled natural gas production since 2003, producing 3.8 tcf in 2012, and the government is targeting production to reach about 5.5...

DOE finalizes LNG export national interest review reforms

08/15/2014 The US Department of Energy finalized reforms it proposed on May 29 to its process for determining whether planned LNG export projects are in the n...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected