Hyundai HH wins Kaliningrad FLNG tender

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Hyundai HH wins Kaliningrad FLNG tender

Hyundai Heavy Industries, South Korea’s shipbuilder, has been awarded a Gazprom Flot tender to build a floating LNG terminal in Kaliningrad, Russia.

As Interfax reported, HHI outbid its compatriots Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries in the tender, with a bid of USD 295 million.

“The possibility of delivering LNG by sea will substantially increase the energy security of the Kaliningrad Region, taking into account its peculiar geographic location,” Gazprom said.

The company intends to build an LNG regasification terminal on the Baltic coast, which will be linked with the existing gas pipeline near the Kaliningradskoye underground gas storage facility, thus making it possible to supply gas to consumers in the Region and to feed it into the underground storage.

According to the company’s website it is planned that already in late 2017 the terminal will be able to receive first LNG but it will be subsequently replaced by the Baltic LNG project.

Source: LNG WorldNews

More info: http://tinyurl.com/pyyd7bk

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.