LNG round-up: moves from Purus, XRG, and Venture Global

It’s been a busy day in the LNG sector with notable updates involving capacity, strategies and development.

Maritime services firm Purus has placed an order for a 180,000 cubic metres LNG carrier from Hyundai Heavy Industries, with delivery slated for Q4 2027.

On entering service, the vessel will operate on a long-term charter with a leading energy company that’s not been named. The latest order brings Purus’ current new-build programme to 10 gas carriers under construction at Hyundai Group-affiliated shipyards.

Equipped with dual-fuel propulsion and capable of using natural gas boil-off as fuel, the vessel can deliver up to 25% reduction in CO2 and emissions and 85% lower NOx emissions compared with conventional fuels.

The use of LNG also ensures ‘negligible’ Sox output and reduced particulate matter.

Meanwhile the board of XRG, a wholly owned Abu Dhabi-based subsidiary of energy group Adnoc, has approved its five-year plan to scale international gas, chemicals and energy solutions, and targeting 20 to 25 mpta LNG capacity by 2035.

Dr Sultan Al Jaber, Executive Chairman of XRG and Managing Director and Group CEO of Adnoc, said, “As we enter a new era shaped by artificial intelligence, and industrial growth, energy systems must evolve in both scale and sophistication.”

Finally, US-based Venture Global has started site work at the company’s third LNG export facility, CP2 LNG.

The launch of the site work comes shortly after CP2 received final approval and notices to proceed from the US Federal Energy Regulatory Commission (FERC), and weeks after receiving its non-free trade agreement export authorisation from the US Department of Energy.

Mike Sabel, CEO of Venture Global, said that with all federal approvals now in hand the company expects to supply LNG to market from 2027.