STX and Kogas to develop LNG bunkering system

STX Offshore & Shipbuilding (STX O&S)and Korea Gas Corporation (Kogas) inked a memorandum of understanding to jointly develop a LNG bunkering facility.

The two South Korean companies are now conducting research to develop the LNG bunkering facility and a LNG-fueled ship.
STX O&S is also actively undertaking research in LNG-related fields, having already developed ultra-large containerships propelled by LNG and LNG FuSion, an LNG fuel supply system.
In the wake of rising environmental concerns, LNG is touted as an alternative clean fuel to replace the heavy bunker fuel.