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."


FuelEU Maritime webinar graphic. Bunker Holding webinar to compare FuelEU Maritime compliance costs ahead of 30 April deadline  

Njord-hosted event will examine pooling versus borrowing options using real-world data from the maritime sector.

Singapore waterfront skyline. Oilmar DMCC seeks bunker traders for Singapore office  

Marine fuel trading firm is recruiting mid-level and senior professionals to expand Asia-Pacific marine fuels operations.

Dubai skyline. Oilmar DMCC seeks senior bunker trader for Dubai operations  

Dubai-based energy firm recruits experienced marine fuels trader to expand Middle East portfolio.

Zhoushan Changhong International Shipyard logo. Zhoushan Changhong secures orders through 2029 with LNG dual-fuel container ships  

Chinese shipyard reports full order book as it constructs 19,000-teu vessels for MSC Group.

Century Highway Green vessel. K Line secures long-term bio-LNG supply for car carrier fleet  

Japanese shipping company expects to reduce greenhouse gas emissions by 60,800 tonnes annually.

One Simplicity vessel. Methanol- and ammonia-ready container ship delivered to ONE  

Approval in Principle obtained from Lloyd’s Register for future methanol and ammonia fuel conversion.

Methanol bunker fuel delivery. World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports  

First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.


↑  Back to Top