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Ann: Brazil CNG to Power Project, page-21

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04/09/20

20:51

Post #: 47103806
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Originally posted by lenoxau: ↑

BHP has awarded the world’s first LNG-fuelled Newcastlemax bulk carrier tender for the company’s chartered vessels along the Western Australia to China route. Bulk Carrier
NOW we need to hear NEWS of GEV signed contracts and the building on ships to supply

Global Energy Ventures Ltd | ABN 53 109 213 470 | www.gev.com1CNG Optimum200Design One | Build Many | Operate GloballyASX / MEDIA ANNOUNCEMENT30 June2020
SHIPYARD LETTER OF INTENT EXTENSION WITH CIMC RAFFLES
HIGHLIGHTS:•Letter of Intent (LOI) with Yantai CIMC Raffles Offshore Limited (CIMC Raffles) to build the CNG Optimum 200MMscf ships extended to 31 December 2020.
•Strategic Alliancewith CIMC Enric Holdings Ltdalso extended to 31 December 2020.•
No change to the contract price range of USD 135-140 million per shipfor the base Port to Port designed CNG Optimum ship.
•Delivery schedule of 30 months remains for all CNG Optimum shipconfiguration.
•CIMC Raffles continue to play an important technical rolein the commercialisation of the Company’s CNG Optimum ship.
This included the recently completed Brazil Commercialisation Plan, that requiredincorporating a STL shipboard system to the CNG Optimum ship to enable offshore mooring and gas loading capability.•GEV and CIMC Raffles Group continue toworkonprocess engineering and areas of detailed design for the entire CNG supply chain as part of the announced Strategic Alliance.This work includes our due diligence on the potential for an offshore CNG Export facility, located in the US Gulf of Mexico,

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different type of ships?!
or am I missing something?
global LNG consumption will increase... a positive in that regard.

GEV Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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