21 Dec 2022
Babcock’s LGE business scores significant LNG and contract win milestones
LGE, the world leader in liquefied gas solutions has reached a significant milestone with the award of its 100th contract for an ecoSMRT® LNG (Liquefied Natural Gas) reliquefaction technology. The contract, from a South Korean shipyard, is a major achievement since the technology was first launched less than four years ago.
This latest order rounds off an exceptional end to the final months of 2022 for LGE with 30 project wins worth more than £100m across LNG, LPG and Fuel Gas. LGE has established itself as the leading supplier of LNG, Ethane, and LPG cargo handling systems with its ecoSMRT®, ecoETHN® and VentGasCooler™ technologies.
The operational benefits of ecoSMRT® include class-leading efficiency resulting in lower power consumption and carbon footprint compared to competitor solutions. The compact modular design is well proven with more than thirty in operational service and performing well in line with design conditions and has received multiple repeat orders for leading shipowners.
Neale Campbell, Managing Director of Babcock’s LGE business, said: “We’re dedicated to providing environmental and economic improvements for our clients’ assets and investing in technology for the future. These latest contracts further strengthen Babcock’s LGE business position as the market leader in LNG, LPG and LNG. They provide an exciting launch pad for our next generation of technology development to support shipowners achieve carbon reduction targets”