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ORLEN’s LNG fleet construction marks progress

Polish energy company ORLEN announced last Wednesday (31 January) that the assembly of hulls for its two new liquefied natural gas (LNG) vessels has commenced, which are set to enter service next year.

The vessels, named after Poland’s historical figures “Józef Piłsudski” and “Ignacy Jan Paderewski,” are set to expand the company’s fleet to six vessels.

Similar to the rest of ORLEN’s LNG fleet, the vessels have a planned capacity of around 70,000 tons of LNG, and their size has been chosen to enable the units to enter almost all terminals worldwide.

ORLEN’s additional LNG carriers to commence sea service by end of year

The completion of the construction is planned for the first half of 2025, and would subsequently join the vessels already navigating international waters: “Lech Kaczyński,” “Grażyna Gęsicka,” “Święta Barbara” and “Ignacy Łukasiewicz.”

Like the rest of the fleet, the new vessels would be operated based on a long-term charter agreement with Norwegian shipping company Knutsen OAS Shipping. The vessels would be used to fulfil contracts under the free-on-board (FOB) formula, where the buyer (ORLEN) is responsible for receiving and transporting the cargo.

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