LNG carrier pure-play Cool Company (CoolCo) has landed a 14-year charter deal with India’s top gas utility GAIL for one of its vessels under construction in South Korea.
The New York and Oslo-listed owner and operator said the charter, starting in early 2025, comes with the option to extend by two additional years.
The deal takes CoolCo’s contract backlog to more than $1.2bn and nearly $1.9bn with extensions.
The company has two vessels, the 174,000 cu m Kool Panther and Kool Tiger delivering from Hyundai Samho Heavy Industries in the fourth quarter of this year. One of these ships will enter service for GAIL in the Gulf of Mexico to bring the super-chilled fuel to India.
Tags: CoolCo, GAIL, LNG
Recent Posts
Global warming won’t end if net zero is redefined
The Liberian Registry and Korean Register (KR) grant AiP to Samsung
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India
Hutchison Ports BEST receives Lean and Green award for outstanding emissions reduction
India ranks 10th in list of 60 countries assessed for efforts to fight climate change: Report
SECI to collaborate with H2Global for green hydrogen