Pavilion Energy, Gasum and CNOOC ink global LNG bunker supply deal

Power Projects

15/11/2022 08:13

SINGAPORE, Nov 15 (Reuters) - Singapore's Pavilion
Energy, Finland's Gasum and China's CNOOC Gas and Power Group
have signed an agreement to collaborate on a global network for
supplying liquefied natural gas (LNG) as fuel for ships, the
companies said in a joint statement on Tuesday.
    The agreement aims to strengthen the companies' supply
network at global number-one bunkering port Singapore and at key
bunkering ports in North West Europe and China's coastal areas.
    This includes establishing central links across the west and
east in key ports ready to supply LNG as bunkering fuel,
including the Baltic and North Sea emission control areas (ECA),
key Chinese ports such as Shenzhen, Guangzhou and Ningbo, as
well as Singapore. 
    "This tripartite cooperation is a crucial measure for CNOOC
Gas and Power Group to develop a world-wide LNG bunkering supply
network and it hopes to promote cooperatives in facilitating a
low-carbon future at sea," said Rongwang Zhang, vice president,
general counsel and chief compliance officer at CNOOC Gas and
Power Group.
    The latest agreement follows a partnership between Pavilion
Energy and Gasum in October 2020 to develop an LNG bunker supply
network for customers in Singapore and Northern Europe.
    LNG uptake as an alternative marine fuel has risen in line
with the International Maritime Organisation's goals to reduce
greenhouse gas emissions.
    Pavilion Energy, alongside Mitsui O.S.K. Lines, is set to
launch a Singapore-flagged LNG-fueled ship in the first quarter
of 2023. It will be Singapore's largest LNG bunker vessel.
    Gasum has performed over 1,300 ship-to-ship and
truck-to-ship deliveries of LNG, while CNOOC Gas and Power Group
has taken steps to build international LNG bunkering
infrastructures alongside China's coastal areas.
 (Reporting by Jeslyn Lerh; Editing by Bradley Perrett)
 ((jeslyn.lerh@thomsonreuters.com))