VLNG and SAGA LNG Ink MoU for Midsize Newbuildings
June 1, 2020
Singapore, June 1st 2020: Saga LNG Shipping (“Saga LNG”) based out of Singapore and Venerable LNG
(“VLNG”) headquartered in India have signed a Memorandum of Understanding (MoU) on May 26, 2020
with the aim to bring LNG to a terminal and infrastructure project under development by VLNG. The
project targets new end consumers from different storage hubs in the Eastern part of India.
The Bay of Bengal’s shallow coastline dictates a bespoke shipping solution, for which Saga LNG will be
providing one or more LNT45-S design LNG carriers. The 45,000m3 newbuildings will feature an LNT A-
BOX® Containment system, with no restrictions on partial loading, and have a fully laden draft of 7.8
“Now that Saga Dawn is successfully trading, we redouble our efforts on developing new projects to grow
our fleet of small to midsized vessels. We believe the market needs more innovative projects like the one
VLNG is developing and we are very pleased to contribute to this exciting project by providing an
optimized shipping solution.” David Wu, Founder and CEO of Saga LNG Shipping.
“We at VLNG have a strong belief that tapping into the regions latent gas demand needs innovation in terms
of strategy and implementation. We are excited to see the progress of Saga LNG in providing custom made
supply solutions to draft limited ports, a necessity in order to access the distributed demand centers
without dependence on third party infrastructure. We look forward to jointly working with them to open
up newer geographies for LNG supply.” Mayank Garg, Managing Director of VLNG.
For more information on Venerable LNG please contact us at email@example.com
For more information on Saga LNG Shipping please contact us at firstname.lastname@example.org
About Venerable LNG Pvt. Ltd.
VLNG is an energy innovation company developing a ‘Sustainable Small-Mid Scale LNG’ market in
South Asia. With our LNG supply chains we are targeting the non-traditional demand sectors for
LNG like the Virtual LNG pipeline network in India. VLNG has partnered with the best technology
providers and shipping companies working in the area of Small – Mid Scale LNG to bring the most
advanced solutions to the region in a cost effective manner.