Bergesen LNG XI Ltd.

As of the most recent information available up to October 2023, Bergesen LNG XI Ltd. appears to be a specialized entity potentially involved in the liquefied natural gas (LNG) sector, likely under the umbrella of BW Group.

BW Group Overview

The BW Group is a significant player in the global maritime industry, with interests spread across several sectors such as oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production. The company operates a large fleet of vessels, including tankers, LNG carriers, and more.

LNG Sector

Liquefied Natural Gas (LNG) is natural gas that has been cooled to a liquid state for storage and transportation. LNG carriers, which transport this gas, are a crucial part of the supply chain, enabling the global trade of natural gas by sea.

Potential Activities

Given its name, Bergesen LNG XI Ltd. could be one of the single-purpose entities that own or operate LNG carriers within BW Group's broader fleet. These single-purpose entities are often formed for isolating financial and operational aspects of individual ships or projects. The numeral "XI" suggests that it may be one in a series of such entities or vessels.

Key Functions

1. Ownership and Operation of LNG Carriers: The company likely owns and operates LNG carriers, responsible for the transportation of LNG from production sites to markets around the world.
2. Chartering and Leasing: These vessels may be chartered to other companies, including major oil and gas firms and utility companies that require LNG shipping services.
3. Maintenance and Compliance: As part of its operations, the company would be responsible for the maintenance and regulatory compliance of its vessels, ensuring safety and efficiency in its operations.

Strategic Importance

• Energy Transportation: Playing a crucial role in the global energy supply chain by facilitating the transportation of LNG, which is a cleaner alternative to other fossil fuels.
• Market Expansion: Supporting the expansion of global LNG markets by providing reliable shipping solutions.

Conclusion

While specific details about Bergesen LNG XI Ltd. might be limited in public sources, its connection with the LNG sector and potential affiliation with BW Group highlights its role in the vital industry of LNG transportation. For the latest and most accurate information, direct sources such as company reports, maritime databases, or industry publications should be consulted.