Bestobell Marine has secured a major new order for its cryogenic globe, check and unique FLIV valves with South Korean shipbuilding company DSME, that could become a multimillion dollar deal for the company.
The order is for a complete ship set of globe and check cargo valves to be installed on the first LNGC vessel, that is part of a larger series of 16 vessels, and that will be built for the widely publicised Yamal LNG project, under construction in Siberian Russia. Three shipowners have been selected to own and operate the vessels needed for the project. They are Sovcomflot (SCF); Teekay and Mitsui OSK Line (MOL), and the vessel orders will be split between the three companies: 6+4+6.
Bestobell is well placed to secure contracts with DSME to supply the cryogenic globe and check valves for all 16 vessels.
Mark Henley, Managing Director for Bestobell, part of the President Engineering Group Ltd, said, “This order has the potential to be a major game-changer for us and will see us significantly increase the Bestobell Marine side of the business in the future. Russia is a relatively new area for Bestobell Marine, but one where we see huge potential in developing new business opportunities using our expertise in valves for LNG carriers.”
Bestobell Marine will supply globe and check valves in sizes DN25, up to DN350, for the cargo containment system onboard the vessel, as well as supplying the unique FLIV (float level isolation valve) for the secondary float measurement system. Valves from Bestobell were specified because the company demonstrated its expertise in this type of marine application and its extensive range of valves to meet the client’s demands.
The ARC7 ice-class LNG carriers will enable year round deliveries of LNG and will be designed for ambient temperatures, down to minus 50°C and independent navigation in ice more than 2.1 meters thick.
The Yamal LNG project is one of the largest industrial projects in the Arctic, which will eventually involve the drilling of more than 200 wells, the construction of three LNG trains, each with a capacity of 5.5 million tonnes per year, plus an extensive gas terminal. It will also involve the commissioning of the 16 ice-breaker tankers (a world first), each able to transport 170,000 m³.
The Yamal LNG project is based in the estuary of the Ob River in the Russian Arctic, which is ice-bound nine months of the year. The project ensures production and marketing of these vast natural gas reserves and has involved the construction of a major new maritime route for transporting liquefied natural gas to Europe and Asia. The project is expected to produce 16.5 million tonnes of liquefied natural gas after 2018.