Australia's Global Energy Ventures (GEV) is still hoping to get its compressed natural gas (CNG) shipping plans off the drawing board, despite a new focus on hydrogen shipping.

The Sydney-listed company is working on a new letter of intent (LoI) for up to eight Optimum 200 CNG carriers at Yantai CIMC Raffles Offshore in China.

The previous LoI expired at the end of 2020.