DNV GL, N-KOM sign MoU to promote LNG as fuel

A memorandum of understanding was signed between DNV GL and Qatar’s shipyard Nakilat-Keppel Offshore & Marine to promote LNG as fuel within the maritime and offshore industry.

The signing ceremony took place during DNV GL’s 150th anniversary celebrations in Dubai, at which N-KOM’s CEO Chandru Rajwani and Henrik Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum.

According to a statement by the two companies, the MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas Transport Company and Keppel Offshore & Marine, in the areas of LNG-fuelled vessel conversions and construction of related floating assets.

N-KOM will capitalize on DNV GL’s deep competence and long-standing experience in LNG, working with shipyards, ship owners and other key stakeholders on a global basis to develop synergies related to the promotion of LNG as fuel within the maritime and offshore industry.

As part of the agreement DNV GL and N-KOM will cooperate, amongst others, on the development and newbuilding of bunker barges, of coolant barges for temporary gas storage as well as to promote the use of LNG as fuel in the offshore sector. Moreover, a training program is to be conducted in the N-KOM facility on LNG carrier or LNG-fuelled vessel repairs.

Finally, both partners will offer project management support for conversion projects to third party yards, the companies added.

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Press Release; Image: DNV GL