Venture Global LNG announced the acquisition and construction of a new fleet of nine LNG-powered vessels, according to a March 18 press release.

The vessels, which are currently under construction in South Korea, plan to be delivered starting later this year, the release said.

Six of the vessels will have a cargo capacity of 174,000 cu. m, and three will have a cargo capacity of 200,000 cu. m.  

The vessels are propelled by the latest 2-stroke MEGA/MEGI engines which, in combination with the use of the most recent hull forms, shaft generator and air lubrication systems, result in the “highest fuel efficiency and lowest GHG emissions based on currently available LNG carrier technology,” Venture Global said.

“This investment builds on our recent execution of a long-term terminal use agreement for regasification capacity at Europe's largest LNG import terminal, further advancing the integration of our business across the entire LNG supply chain; from natural gas transmission to liquefaction and export, to best-in-class LNG cargo ships and regasification capacity,” said the company’s CEO Mike Sabel.