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Energy

JGC, Kawasaki Kisen to turn old tankers into floating LNG bases

Reusing tankers can cut cost of floating gas platforms by 30%

JGC and Kawasaki Kisen have jointly developed a way to reuse old LNG tankers as storage tanks for floating LNG facilities.

TOKYO -- Japanese engineering company JGC Holdings and shipping company Kawasaki Kisen have come up with a way to turn old liquefied natural gas tankers into floating offshore LNG production bases, which the companies say can reduce the cost of construction by about 30% versus conventional building methods.

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