Sign up
Log in Sign up
Mon 5 Jun 2017, 06:57 GMT

Gazprom and Mitsui discuss LNG bunkering progress


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.

FCM LNG fuel supply system render. Alfa Laval launches LNG fuel supply system with cryogenic technology  

Swedish firm unveils FCM LNG system for LNG-powered vessels, with marine deliveries planned for 2027.
Union Maritime's chemical tankers with Anemoi Rotor Sails. Union Maritime orders Anemoi rotor sails for two chemical tanker newbuilds  

Wind propulsion technology to help shipowner exceed IMO 2030 greenhouse gas reduction targets.
Iona vessel. Lloyd's Register completes Europe's first major LNG cruise ship dry-docks with Carnival  

Iona and Mardi Gras projects required 18 months of planning and in-service passenger inspections.
Anglo-Eastern's ammonia pilot training course. Anglo-Eastern completes pilot training course for ammonia-fuelled vessels  

Ship manager prepares crew ahead of first ammonia-fuelled vessel takeover with inaugural training programme.
Burando Atlantic Group 2025 sustainability report cover. Burando Atlantic publishes first sustainability report, secures ISCC EU recertification  

Maritime group releases inaugural sustainability report while Burando Energies extends biofuel traceability certification.
Conceptual illustration of high-power marine fuel cell unit. ABB and HDF Energy to develop high-power fuel cells for large ships  

Joint development targets megawatt-scale hydrogen fuel cell units for container feeders and liquefied hydrogen carriers.
Chart showing Singapore TTM bunker sales, Aug '22 - Nov '25. Singapore bunker sales break new ground as TTM volumes surpass 56m tonnes  

Trailing 12-month bunker sales rise to new all-time record at Asian port.
Bow Leopard vessel. Odfjell launches operational green corridor between Brazil and Europe using biofuel  

Chemical tanker operator establishes route using B24 sustainable biofuel without subsidies or government support.
United LNG I vessel. Somtrans christens 8,000-cbm LNG bunker barge for Belgian and Dutch ports  

United LNG I designed for inland waterways and coastal operations up to Zeebrugge.
Photograph of a red container vessel. BIMCO adopts FuelEU Maritime and ETS clauses for ship sales, advances biofuel charter work  

Documentary Committee approves regulatory clauses for vessel transactions, progresses work on decarbonisation and emerging cargo contracts.




 Recommended