GasLog, Daewoo Shipbuilding & Marine Engineering and classification society ABS are teaming up to develop a carbon capture and storage system on board LNG ships.

The project aims to install the systems on four LNG newbuildings that the Greek company has under construction at the South Korean yard.

The three partners said on Friday that they will complete the joint development project for the onboard CO2 capture and storage system (OCCS) in the first quarter of 2023.

The goal is to install it on the GasLog LNG carriers, which are scheduled for delivery gradually from the first half of 2024.