Malaysian oil company Petronas has signed a non-binding agreement with Gas4Sea partners, comprising Engie SA, Mitsubishi Corp and Nippon Yusen KK to explore collaboration in promoting LNG as marine fuel, Reuters reports citing Petronas.
Gas4Sea is a partnership created to jointly promote liquefied natural gas (LNG) as a cleaner maritime fuel, by providing LNG bunkering services to the global market.
The partnership was launched in September 2016 with the aim “to lead innovation through the ship-to-ship supply of LNG for the maritime sector.”
The companies began operations at the beginning of 2017 with the delivery of the purpose-built LNG bunkering vessel (LBV) with a 5,000 cm LNG capacity, Engie Zeebrugge, which is being used to bunker vessels at the Belgian port of Zeebrugge, as well as other nearby ports.
The Memorandum of Understanding (MoU) was signed by Petronas LNG Ltd and its shipping affiliate, MISC Bhd, as informed by Petronas.
Under the terms of the deal, the parties agreed to explore manners of collaborating and identifying potential business opportunities in relation to LNG bunkering.
According to Petronas LNG chief marketing officer and CEO, Ezhar Yazid Jafaar the company views advocating LNG as marine fuel as a new frontier for the LNG sector.
World Maritime News Staff