World's LNG fleet to grow; Indian terminal advances

BP last month ordered from South Korea's Samsung Heavy Industries Co. two new LNG tankers and secured options to buy three more vessels in an order worth more than $300 million.Also, the LNG consortium led by Indian Oil Corp. (IOC) that recently received the right to build an LNG complex in eastern India plans to float four separate joint ventures to implement different segments of the project.BP's order is part of a strategy to develop the group's international natural gas trade, said the company. IOC said its joint ventures will consist of shipping, terminal and regasification, pipeline network, and marketing and distribution.Supports BP initiativesConstruction of BP's v...

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