"K" Line joins CNG effort
Japan's Kawasaki Kisen Kaisha, Ltd. ("K"Line) is to contribute its operational and marine resources to further the development and eventual deployment of EnerSea's VOTRANS (Volume Optimized Transport and Storage) Compressed Natural Gas system.
Using compression to obtain CNG, rather than liquefaction to obtain LNG, promises a cost effective alternative for developing smaller natural gas reserves that otherwise would be left "stranded."
"With "K"Line as EnerSea's shipowner/operator and Hyundai Heavy Industries (HHI) as our shipbuilder, we have created the perfect path to our ultimate goal of developing and delivering currently stranded gas to energy- hungry markets," commented Paul Britton, EnerSea's managing director.
"Creating a new industry for CNG demands world-class partners that have a history of innovation and proven success in developing large-scale gas transport projects," Britton continued. "I am extremely pleased with the qualifications of our Maritime Team and the successful commencement of work required to commercialize VOTRANS,"
Tokyo-based "K"Line owns and operates about 300 vessels, including 22 LNG carriers with five LNG newbuilds on order. It has the financial capability to develop large-scale CNG projects.
HHI, the largest shipbuilder in the world with 15% of the global shipbuilding market, has built 41 gas-carrying vessels (LNG & LPG) to date and is in the process of building an additional 13 similar vessels. HHI recently delivered the seventh of a series of container vessels to "K"Line.
EnerSea and "K"Line have also committed to the American Bureau of Shipping (ABS) as their classification society to work towards class approval in principle for the VOTRANS design.