BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





MHI to launch LNG project unit

29 May 2013 12:19 GMT

New department to develop plans for projects related to the development of LNG facilities.



Mitsubishi Heavy Industries, Ltd.(MHI) has announced that it plans to launch an LNG Project Management Department, which will form part of the Environmental & Chemical Plant Project Management Division of its Engineering Headquarters.

The new department will be dedicated to the exploration of LNG-related business opportunities.

By establishing the new unit, MHI aims to respond to the growing demand for LNG-related facilities, which is being fuelled by the rapid expansion of shale gas production in the U.S. The department will also explore business opportunities in the LNG supply chain by integrally and cross-divisionally overseeing the company's LNG-related engineering activities.

The new LNG department will develop basic business plans and technology strategies for various projects related to LNG facilities, and, in the future, it is expected to establish a structure capable of offering full-service EPC (engineering, procurement and construction) solutions for LNG terminal construction.

MHI has a proven track record of success in delivering LNG-related facilities and products, including LNG receiving terminals, storage tanks, and LNG carriers. Facility and product requirements in this field have diversified in recent years to include offshore floating LNG production, storage and offloading facilities (F-LNG), and small- and medium-size plants.

To respond to these diversified demands, MHI expanded its LNG project personnel and established a dedicated unit to enable cross-divisional coordination within the business.

"Amid growing global demand for energy, the relatively lower carbon emissions offered by natural gas are making it an increasingly attractive energy resource. In addition, the economically advantageous development of shale gas in the U.S. and other countries is leading many operators around the world to revamp existing LNG facilities, and/or to plan the construction of new ones," MHI said.

"With the establishment of its dedicated LNG Project Management Department, MHI will seek to develop these LNG facility and product business opportunities in new and existing areas," the company added.




Related Links:

Reduced fuel consumption with 'new generation' ships
NYK ships to be fitted with energy-saving technology
Cruise line orders emissions monitoring system
New dual-fuel engine to be developed
Shipbuilding alliance to construct fuel-saving container ships
Japan completes world's first hybrid car carrier
Japan

Latest News:

Second large LNG-powered bulker launched for ESL Shipping
MHI targets development of gas-fuelled ships
Wartsila in maintenance deal for eight LNGCs running on dual-fuel engines
Kandla invites bids to provide shore power to ships: source
Brent dropped as traders apparently went for profit-taking
Oil and fuel oil hedging market update
Peninsula Petroleum to launch bunker supply operation in LA/Long Beach
Europe's first LNG bunkering pontoon enters construction phase
Clean Marine secures EGCS contract for seven chemical tankers
EIA inventory stats showing same tendency as API, but with less magnitude
Oil and fuel oil hedging market update
NCL completes scrubber retrofits for two cruise ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events