Tsakos Energy Navigation looking at LNG fleet expansion

Image courtesy of Tsakos Energy Navigation

Greece-based shipowner Tsakos Energy Navigation is looking to expand its fleet of liquefied natural gas (LNG) carriers up to six vessels by 2020, according to its founder and chief executive Nikolas Tsakos.

The New York-listed company recently completed a 15-newbuilding programme which included one LNG carrier.

Tsakos currently owns two LNG vessels, the 2007-built NEO Energy and the 2016-built Maria Energy.

Answering a question about possible fleet expansion during the company’s annual results conference call on Monday, Tsakos highlighted LNG as the sector where the company could increase its presence.

“…I think one of the segments that we are looking to increase our presence and this was a very firm – we got a very firm decision from our board is on the gas side, on the LNG,” he said.

“We believe that LNG is a very good complementary feature to our existing fleet,” he said adding that he believes “it is a gas time” after the 15-newbuilding programme which included mainly crude carriers.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >