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



Petronas, Gas4Sea sign MoU to promote LNG as preferred marine fuel

Parties to explore ways to collaborate and identify potential LNG bunkering opportunities.



Image credit:


Updated on 18 May 2017 08:08 GMT

Petronas, through its subsidiary Petronas LNG Ltd. (PLL) and its shipping affiliate MISC Berhad (MISC), has inked a non-binding memorandum of understanding (MoU) with Gas4Sea to explore a potential collaboration in promoting LNG as the preferred marine fuel.

Under the terms of the MoU, the parties are to explore ways to collaborate and identify potential business opportunities in relation to LNG bunkering.

Gas4Sea is the LNG bunkering business of partners Engie, Mitsubishi Corporation and NYK Line. Launched last September, the company was created to promote LNG as a maritime fuel via the provision of LNG bunkering services.

Signing on behalf of PLL and MISC, on May 9, were Ezhar Yazid Jaafar, PLL chief marketing officer & chief executive officer; and Faizul Ismail, vice president of MISC's LNG business unit.

Gas4Sea was represented by Yuji Toshima, general manager of Mitubishi's LNG bunkering business; Denis Bonhomme, Engie's senior vice president of business development in Asia; and Takahiro Nito, NYK's Fuel Project Team manager.

Commenting on the MoU, Ezhar said the collaboration was expected to enhance Petronas's presence in the integrated LNG value chain and diversified LNG market portfolio.

"Petronas is looking at ways to further promote the consumption of LNG beyond the existing markets portfolios, and advocating LNG as marine fuel is a new frontier for the LNG sector," remarked Ezhar.

"In addition, this collaboration will also support the usage of LNG as a fuel of choice for maritime activities, which is in line with Petronas' effort in helping the industry reduce its carbon footprint," added Ezhar.

As previously reported, Engie, Fluxys, Mitsubishi Corporation, and NYK Line took delivery of the world's first purpose built LNG bunkering vessel in Zeebrugge last month.

The 5,000-cubic-metre-LNG-capacity Engie Zeebrugge is being used to supply LNG as a marine fuel to ships operating in northern Europe.






Related Links:

LNG bunkering vessel completes first loading operation in Zeebrugge
World's first purpose-built LNG bunkering vessel arrives at home port
Gas4Sea to start ship-to-ship LNG bunkering in Q4
Engie and CMA CGM sign LNG bunkering research agreement
Malaysia

Latest News:

Oil and fuel oil hedging market update
Singapore records best ever October bunker sales; YTD volume down 1%
Oil trading below $70 after highly volatile start to week
Genoil lowers fuel sulphur content in latest processing run
Aegean staff have been relying on compensation and benefits to support families: EY
Higher bunker prices help push up Hanwa's overseas revenue
Aegean doesn't have a centralized accounting system: EY director
Oil and fuel oil hedging market update
Brent heads back upwards after breaking below $70 on Friday
Aegean's proposed bidding process revealed
Aegean proposes bidding timeline as Mercuria offers $681m
Genco to decide on scrubbers for 15 bulkers by early 2019 - 'if not before'




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