Nigerian owner Temile Development Company has contracted South Korea’s shipbuilder HD Hyundai Heavy Industries for up to two very large gas carriers (VLGCs).
The deal covers one firm and one optional 88,000 cu m LPG dual-fuel powered newbuild worth around $250m in total.
The first unit is set to be delivered in the first quarter of 2028.
The contract will lift Temile Development’s gas fleet to at least three ships. In addition to more than 10 offshore support vessels, the company owns two modern 23,000 cu m HD Hyundai Mipo-built vessels, Alfred Temile and Alfred Temile 10, chartered to Nigeria LNG and Vitol, respectively.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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