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



Bunker supplier Skangas to source LNG from UK's Isle of Grain terminal

Becomes first firm to land a small-scale LNG supply agreement with a UK import terminal.



Image credit:


Updated on 12 Dec 2017 10:18 GMT

LNG bunker supplier Skangas has announced that it has signed a letter of intent (LoI) with National Grid Grain LNG (Grain LNG) to source LNG at Grain LNG's import terminal on the Isle of Grain, UK.

As a result of the deal, Skangas becomes the first small-scale LNG supplier to enter into such an agreement with a UK-based import terminal.

Skangas produces LNG at its liquefaction plant in Risavika, south-west Norway. However, with the small-scale market developing rapidly, the plant's annual production capacity of 300,000 tonnes has already been exceeded. The company therefore requires external LNG sources, and has entered into several contracts with similar large-scale European hubs to source LNG.

Through its latest deal with Grain LNG, Skangas aims to ensure that a reliable supply of LNG is available so that it is able to keep up with demand.

The Isle of Grain import terminal is set to become the UK's first to offer small-scale LNG (ssLNG) reloading facilities for ships.

Nicola Duffin, Senior Commercial Manager at Grain LNG, remarked: "We believe the best way to encourage growth in the market is to offer competitive alternatives which ensure security of supply for small-scale market participants. Grain LNG is excited to be at the forefront of developing this market in partnership with progressive companies such as Skangas."

The facility will include an extension to existing jetties to cater for break bulk marine LNG carriers up to 20,000 cubic metres - meeting the needs of Skangas's fleet of LNG carriers.

"Skangas appreciates the opportunity to source LNG from the Grain LNG terminal," remarked Dan Hramoff, Director of Business Development and Projects at Skangas. "This will improve supply to the small-scale markets, thus allowing to source LNG on more flexible and competitive terms. In the end, it will be reflected in improved offerings to our own LNG customers," he noted.

Skangas noted that by making LNG more readily available to the small-scale market from a variety of sources, the increased competition will create a more dynamic market, resulting in better, more cost-effective LNG supply for the market at large.






Related Links:

First LNG shipment arrives at future Lapland bunkering hub
Bunker suppliers Skangas and Titan LNG join forces
Gothenburg completes first LNG bunkering while loading
Skangas performs first small-scale LNG loading at Melkoya Island
Skangas delivers first fuel switch to LNG in open sea
United Kingdom

Latest News:

Concept ship shows IMO CO2 reduction targets can be met: Project Forward
Oil and fuel oil hedging market update
Tallink signs LOI to build second LNG-fuelled ferry
Will Saudi Arabia be able to replace Iranian oil?
North Sea Port sees biggest LNG bunker delivery to date
Gaseous fuels 'the only way forward': MAN CSO
Fluxys and Novatek sign Rostock lease for LNG terminal, bunkering
ExxonMobil launches new Mobilgard lube for high-speed diesel engines
Oil market closed higher following API draw
Oil and fuel oil hedging market update
GTT and Dongsung Finetec sign MoU to market LNG Brick bunker tank
IMO 2020: Ship managers 'concerned' about impact on crew safety




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
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
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events