Bomin Linde, Klaipėdos Nafta Ink LNG Bunkering JV

German marine fuel supply company Bomin Linde LNG has entered a joint venture agreement with SGD logistika, a subsidiary of Lithuanian Klaipėdos Nafta, to operate a new LNG bunkering carrier.

Following the agreement, SGD logistika and Bomin Linde LNG plan to establish a joint venture in Germany.

Bomin Linde LNG will control 80% of the company share, while SGD logistika will hold the remaining 20%.

According to Klaipėdos Nafta, the JV, titled Blue LNG, will build and operate a new LNG bunkering carrier which is expected to be operational in 2017.

The carrier will be transporting LNG from the Klaipėda LNG terminal to the LNG distribution station in the Klaipėda port, as well as to terminals in the North Sea and the Baltic Sea.

Klaipėdos Nafta estimates that its investment in the JV should not exceed the amount of USD 14 million.

The joint venture agreement should come into effect after the general meeting of shareholders of the Klaipedos Nafta, which is to be held on 14 December 2015, approves of the decisions of the Board of the company regarding issuance of guarantees.

Image: Bomin Linde

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >