Edison shakes hands with Knutsen for new LNG vessel to be built by Hanwha Ocean

Asian shipbuilder Hanwha Ocean will construct a new vessel for the transport of liquefied natural gas (LNG), with a capacity of 174,000 cubic meters at Geoje (Okpo), in South Korea, thanks to a deal Norway’s Edison made with shipowner Knutsen OAS Shipping.

Edison’s contract with Knutsen, signed in Norway, for the long-term charter of a new 174,000 cubic meter LNG vessel is expected to aid the growth of the LNG portfolio and the firm’s strategy of diversifying its sources. The newly built carrier is set to support the Norwegian player’s shipping activities from 2028.

Fabio Dubini, Executive Vice President of Gas & Power Portfolio Management & Optimisation at Edison, commented: “We are working to strengthen strategic partnerships with our long-standing suppliers and, at the same time, to increase our international presence in the LNG supply chain with the aim of ensuring diversification and operational flexibility in support of Italian energy security.

“The expansion of our fleet, thanks to our valuable collaboration with Knutsen OAS Shipping, will enable us to manage the growing volumes