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Tue 15 Nov 2022, 11:52 GMT

CNOOC joins LNG bunker supply partnership


Network covering North-West Europe and Singapore is strengthened with the addition of Chinese ports.

Gasum's deliver vessel, Kairos, supplies LNG to Ponant's polar exploration ship, Le Commandant Charcot.
Image credit: Gasum

Gasum, Pavilion Energy and CNOOC Gas and Power Group have signed a strategic collaboration agreement to fortify an LNG bunker supply network for customers in Singapore, North-West Europe and the coast of China.

How it will work: The three companies will leverage one another's local expertise, logistics capabilities and LNG bunkering experience in a move aimed at providing efficiency and operational flexibility in LNG-ready ports covering the Baltic and North Sea ECA; key Chinese ports such as Shenzhen, Guangzhou and Ningbo; as well as Singapore.

Background: The agreement is an extension of Gasum's partnership with Pavilion Energy, signed in October 2020, to jointly develop an LNG bunker supply network in Singapore and northern Europe, including the ARA ports of Amsterdam, Rotterdam and Antwerp.

  • The aim of the 2020 partnership was to combine Pavilion's LNG bunkering expertise in Southeast Asia with Gasum's experience as an LNG bunker solutions provider in Northwest Europe.
  • The incorporation of CNOOC Gas and Power Group — a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC) — is set to strengthen the alliance and boost its geographical coverage with the addition of Chinese ports.

What they said: Mika Wiljanen, CEO of Gasum, commented: "We are very happy about this partnership with Pavilion Energy and CNOOC, not only because it expands our geographical reach and broadens our offering, but this agreement is also an excellent example of the kind of global collaboration that is needed to achieve a carbon-neutral future – no company can do this alone.

  • "The purpose of Gasum is to help our customers and partners transition towards cleaner energy and we see LNG as a very important stepping stone in decarbonizing the maritime industry," Wiljanen added.

Deal   Gasum   LNG  
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