The demand for liquefied gas is increasing, and more and more LNG-powered ships are being ordered. Therefore, Svanehøj is now building on the growth of recent years in solutions for liquefied gas with an investment in a new electric submerged pump design for LNG-powered ships. The new CS pump (the name is an abbreviation for cryogenic submerged) will be presented this week at the SMM trade fair in Hamburg, the company says in a statement.
In recent years, Svanehøj has positioned itself as a leading supplier of long-shaft deepwell pumps, where the motor and other electrical parts are located on deck. The CS pump is a submerged pump that is installed down in the tank. This makes Svanehøj the first supplier in the industry to offer both deepwell pumps and submerged pumps for electric fuel systems.
- With the new CS pump for LNG, we are strengthening our position in a rapidly developing market. We will differentiate ourselves from our competitors by offering advice that is neutral in terms of technology choice, says Johnny Houmann, Director of Sales & Projects at Svanehøj.
The launch of the CS pump comes at a time when the construction of LNG-powered ships is growing. According to the classification company DNV, at the end of August there were a total of 316 LNG-powered ships in operation, while a further 511 ships were on order. In 2021, 240 LNG-powered ships were ordered, which is more than in the four previous years combined. The development has continued in 2022, where the order level is approx. 10 percent higher than the record year 2021.
At the same time, everything indicates that the LNG market will continue to grow, driven by a sharply increasing demand for gas in Asia and Europe. In an analysis, energy consultant Rystad Energy estimates that global investments in LNG infrastructure will grow from 27 billion USD in 2022 to 42 billion USD in 2024. This will lead to a sharp increase in LNG production, which is expected to grow from 380 million tons in 2021 to more than 700 million tons in 2034.
amp
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
