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."


Aerial view of Bahía Beatriz vessel. Schottel supplies propulsion for Mureloil’s hybrid chemical tanker  

Bahía Beatriz joins sister ship to double Spanish operator’s biofuel and methanol transport capacity.

Smart Chimbusco exhibition display. Chimbusco launches six digital bunker products, including AI model and green fuel tools  

Cosco subsidiary unveils customer platform, AI system and methanol calculators for marine fuel sector.

Grande Tokyo vessel. Grimaldi takes delivery of 10th ammonia-ready car carrier Grande Tokyo  

The 9,200-ceu vessel completes a seven-ship series built at Chinese yards for vehicle logistics.

Rolls-Royce mtu engine test bench. Rolls-Royce Power Systems switches German engine test facilities to HVO fuel  

Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

MSC Migsan delivery ceremony. Changhong International delivers final LNG dual-fuel container ship 205 days early  

Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

Seoul city skyline. Oilmar seeks senior and mid-level bunker traders in Seoul  

Marine fuel firm aims to recruit experienced traders for South Korean operations.

Morten Thomas Jacobsen, GEA. Global Ethanol Association to present on ethanol marine fuel at London shipping expo  

Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

Adrian Tolson, IBIA. IBIA warns of structural shift in marine fuel market following Middle East tensions  

Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

HMM Hamburg vessel. Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts  

Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

Camellia Dream vessel. Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet  

Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.


↑  Back to Top