This is a legacy page. Please click here to view the latest version.
Tue 19 Dec 2017, 16:05 GMT

Eesti Gaas diversifies sourcing, eyes LNG terminal or bunker vessel


Inks accord with Klaipedos Nafta, plans LNG terminal or delivery barge to meet demand.



Estonia's Eesti Gaas has confirmed that it has inked an agreement with terminal operator Klaipedos Nafta for the delivery of liquefied natural gas (LNG) from Lithuania.

Eesti Gaas says it has already purchased 1,500 cubic metres of LNG from the Klaipeda-based firm. The first delivery took place last week.

Up until now, Eesti Gaas has been bringing in product mainly from Pskov in Russia, and also from Finland and Poland. The company says the contract with the Lithuanian terminal will further diversify its list of supply sources and enable it to provide LNG to more customers.

"We are very pleased to start cooperation with the Klaipeda terminal; it increases our security of supply and turns LNG into a more attractive and available energy source for our customers," said Eesti Gaas board member Margus Kaasik.

"Eesti Gaas has developed the best LNG delivery capability [in] the market. We are able to provide [a] proper service to [the LNG-fuelled ferry] Tallink Megastar and ensure volumes that are beyond the capabilities of small distributors," Kaasik noted.

The Estonian firm currently performs LNG bunker deliveries using its own fleet of trucks, and is able to supply to clients not only in Estonia, but in other nearby countries as well.

Looking to the future, CEO Ants Noot was cited by local media as saying that the company plans to build an LNG terminal or purchase an LNG bunkering vessel to carry out ship-to-ship supplies and meet what is expected to be a rise bunker demand for the alternative fuel.

Kaasik, meanwhile, said: "The role of LNG in transportation, particularly in maritime transport, as a fuel will grow in the following years; Eesti Gaas considers it an important keyword in shaping its business plans."


Varsha Sudheer, Island Oil. Island Oil appoints Varsha Sudheer as senior trader in Dubai  

Marine fuel supplier strengthens trading platform with new hire at recently established UAE hub.

Bitoil Group logo. Bitoil Group seeks bunker trader for Dubai operations  

Dubai-based company is recruiting for a senior bunker trader role to manage global fuel sales and procurement.

Hiring concept with puzzle pieces and a magnifying glass. Uni-Fuels seeks bunker traders for new London operation  

Singapore-headquartered firm advertises position as part of UK expansion.

Hiring concept with puzzle pieces. Uni-Fuels seeks bunker traders for new Piraeus office  

Nasdaq-listed marine fuel provider advertises positions as part of expansion into Greek market.

Sleipner RoRo vessel render. Wing sails could cut fuel use by 9% on expedition cruise vessels, study finds  

Wallenius Marine and Salén Ship Management examine wind propulsion potential beyond cargo shipping.

C-Flexer RoRo vessel render. Stena RoRo orders C-Flexer RoRo vessels with battery-hybrid propulsion for 2029 delivery  

Swedish shipowner places order with China Merchants Industry for next-generation vessels designed by NAOS.

IMO Technical Seminar on Marine Biofuels graphic. IMO to host technical seminar on marine biofuels in February  

Event at London headquarters will examine recent experiences and future prospects for biofuels in shipping.

Maritime Cleantech Enabling Ammonia Bunkering seminar graphic. H2SITE to present ammonia cracking technology at Bergen maritime seminar  

Spanish firm to showcase dual-environment hydrogen production system for vessels and ports at Maritime CleanTech event.

The Arctic and black carbon graphic. Clean Arctic Alliance urges Canada, Iceland and Norway to back polar fuels proposal at IMO  

Environmental coalition calls on three Arctic nations to support Denmark-led measure on black carbon emissions.

Valenciaport and Port of Santos MoU signing. Valencia and Santos ports establish green corridor to decarbonise transatlantic trade  

Ports sign agreement to promote low-emission fuels and shore power on Europe–South America route.


↑  Back to Top