BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Gazprom and Mitsui discuss LNG bunkering progress

05 Jun 2017 06:57 GMT

Discussions covered feasibility studies for LNG bunkering in Far East Russia and Asia-Pacific.



Gazprom and Mitsui exchanged views on the progress of feasibility studies related to the LNG bunkering of maritime vessels at the 21st St. Petersburg International Economic Forum, which took place from June 1-3.

The discussions took place during a working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Tatsuo Yasunaga, CEO of Mitsui.

As previously reported by Bunker Index, Gazprom and Mitsui signed an agreement last year confirming their intention to cooperate in feasibility and marketing studies related to the LNG bunkering of ships in Russia's Far East and the Asia-Pacific region.

The LNG bunkering tie-up forms part of an agreement of strategic cooperation, which envisages collaboration in various areas, including LNG production within the Sakhalin II project and the increase in output with the construction of the third production train of the LNG plant.

Sakhalin II is operated by Sakhalin Energy Investment Company Ltd., which is owned by Gazprom (50 percent plus one share), Shell (27.5 percent minus one share), Mitsui (12.5 percent), and Mitsubishi (10 percent). In 2016, the plant produced upward of 10.9 million tons of LNG, exceeding the design capacity by over 1.3 million tonnes.

On June 18, 2015, Gazprom and Shell signed a memorandum to construct the third train of the LNG plant. At present, the development of the FEED documents for the third train is said to be nearing completion.

"Gazprom and Mitsui have successfully cooperated on the Sakhalin II project. Now we have an excellent opportunity to partner in a new business area: small-scale LNG. Joint efforts in the bunkering industry will help our companies diversify our businesses and strengthen our positions in the dynamic Asian market," Alexey Miller said in September.

Also during the St Petersburg meeting, Mitsui is said to have shown interest in Gazprom's Baltic LNG project with Shell, which intends to build an LNG plant with an annual capacity of 10 million tonnes in the port of Ust-Luga, Russia.

Image: Tatsuo Yasunaga, CEO of Mitsui.




Related Links:

Natural gas 'has bright prospects as a bunker fuel': Alexey Miller
Gazprom and Mitsui sign LNG bunkering memorandum
Gazprom strengthens its position in the LNG sector
Gazprom and Fluxys sign LNG cooperation agreement
Japan
Russia

Latest News:

FueLNG completes first commercial LNG bunker delivery in Singapore
Viking Sun cruise ship featuring bunker-saving engine and scrubber delivered
Digital bunker procurement: Why is now the time to pay attention?
Oil and fuel oil hedging market update
Less online U.S. oil rigs, OPEC non-event and central bank speeches coming up
Wartsila outlines 'new opportunities for supplying LNG' with FSRB concept
Another first for Wartsila as wireless charging for hybrid coastal ferry is 'successfully' tested
Scandlines hails bunker-saving summer for hybrid ferries
BHP, GoodFuels to collaborate on biofuel bunker project in Singapore
The OPEC / non-OPEC meeting takes centre stage
Oil and fuel oil hedging market update
Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events