The system, named S-REGAS, is the world's first LNG regasification system for LNG floating storage regasification unit (LNG-FSRU) combined with cold power generation technologies, the shipbuilder said.

Cold power generation refers to electric power generation using energy produced during the vaporization process of LNG, which is transported in a liquid state by cooling it to minus 162 C, without emitting carbon dioxide.

The S-REGAS can generate 16-megawatt electricity, the company said.

A LNG FSRU is a ship that provides natural gas to consumers on shore after vaporizing liquefied natural gas offshore.is year, down from its earlier estimate of an increase of 130,000. (Yonhap)