TEN Energy orders second LNG carrier, expanding shipbuilding program to 20 vessels

The Greek energy group doubles down on liquefied natural gas transport capacity, signaling confidence in long-term demand despite near-term market volatility.

By Handelsavisen Newsroom · Automated 2026-07-02 11:07 UTC · 1 min read

TEN Energy has placed an order for a second liquefied natural gas (LNG) carrier with South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

The new contract brings the company’s total active shipbuilding program to 20 vessels, reinforcing its strategic pivot toward integrated LNG logistics.

7 million) for an LNG carrier and a floating storage and regasification unit (FSRU).

The addition of the second LNG carrier follows the recent delivery schedule for the DP2 shuttle tanker Anfield DP, which is set to enter service at the end of July 2026.

This expansion underscores TEN Energy’s commitment to securing dedicated transport assets for its growing LNG portfolio, reducing reliance on spot charter markets.

HD KSOE, a major player in the global LNG carrier market, has secured significant contracts in recent months, including a separate deal worth 885 billion won ($570.7 million) for an LNG carrier and a floating storage and regasification unit (FSRU).

The sustained order flow suggests robust demand for specialized LNG infrastructure amid Europe’s ongoing energy transition.