BG orders three LNG carriers

BG Group has entered into an agreement with Samsung Heavy Industries Co. Ltd. of Korea to purchase three new-build LNG carriers.

Oct. 22, 2003

By OGJ editors

HOUSTON, Oct. 21 -- BG Group has entered into an agreement with Samsung Heavy Industries Co. Ltd. of South Korea to purchase three new-build LNG carriers.

The three 145,000 cu m ships, which will cost a total of $460 million, are scheduled for delivery in the second half of 2006. BG also secured options up to four additional new-builds for delivery by Samsung in 2007.

Samsung will build, equip, launch, and deliver the ships using the GTT MkIII membrane cargo containment system—the standard LNG ship specification. The vessels will use steam turbine propulsion, enabling them to sail at an average speed of 20 knots.