Qatar's N-Kom, DNV GL sign deal to promote use of LNG

25/11/2014 12:24 AST

DNV GL and Qatari shipyard Nakilat-Keppel Offshore and Marine (N-Kom) have signed a memorandum of understanding (MoU) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry.

The agreement was signed by N-Kom's CEO Chandru Rajwani and Dr Henrik Madsen, DNV GL group president and chief executive officer, in Dubai.

The MoU will further build up the position of N-Kom, which is a joint venture between Qatar Gas Transport Company (Nakilat) and Keppel Offshore and Marine, in the areas of LNG-fuelled vessel conversions and construction of related floating assets.

N-Kom will take advantage of DNV GL's deep competence and long-standing experience in LNG, working with shipyards, shipowners and other key stakeholders on a worldwide basis to develop synergies regarding the promotion of LNG as fuel within the maritime and offshore industry.

Under the agreement, DNV GL and N-Kom will cooperate on the development and newbuilding of bunker barges, of coolant barges for temporary gas storage in addition to promote the use of LNG as fuel in the offshore sector, amongst others.

The partners will also deliver project management support for conversion projects to third party yards.


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