Delivery of Shell-chartered LNG quartet almost complete

Pan Europe (Image courtesy of Teekay)

The Hague-based LNG giant Shell is to take the delivery of the liquefied natural gas carrier Pan Africa, the last in a series of four ships built by Chinese shipyard Hudong-Zhonghua Shipbuilding, in the coming months.

The four 174,000-cbm Tri-Fuel Diesel Electric (TFDE) LNG carriers are jointly owned by Teekay, CNOOC, BW and China LNG Shipping, a joint venture consisting of Cosco Shipping and China Merchants.

The vessels are chartered for 20 years with extension options to Shell’s wholly owned subsidiary Methane Services.

The LNG carrier Pan Europe, the third of the series, was delivered to Shell in July 2018, Teekay LNG said in a statement on Friday.

The first vessel Pan Asia was delivered in 2017 while the Pan Americas started shipping the chilled fuel for Shell earlier this year.

Back in 2014, Teekay LNG bought a 30 percent ownership interest from BG Group, now part of Shell, in the first two LNG carriers with the balance of ownership held by CNOOC and China LNG Shipping.

The Bermuda-based LNG shipper also acquired a 20 percent ownership interest in the second two LNG carrier newbuildings with the rest of ownership held by CNOOC, China LNG Shipping and BW.

The vessels were previously said to transport LNG mainly from Shell’s QCLNG project in Australia to China.

China’s CNOOC that owns a 50 percent equity stake in QCLNG’s Train 1 has a deal in place for the supply of 3.6 million tonnes per annum for a period of 20 years.

 

LNG World New Staff

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