Pavilion Energy, Gasum and CNOOC sign global LNG supply agreement

SINGAPORE, Nov 15 (Reuters) – Singapore’s Pavilion Energy, Finland’s Gasum and China’s CNOOC Gas and Power Group have signed an agreement to collaborate on a global supply network for liquefied natural gas (LNG) as fuel for ships, the companies said in a joint statement. statement on Tuesday.

The agreement aims to strengthen the companies’ supply network in the world’s leading bunker port of Singapore and major bunker ports in northwestern Europe and China’s coastal areas.

This includes establishing central links across the west and east in key ports ready to supply LNG as bunker fuel, including the Baltic and North Sea Emission Control Areas (ECA ), major Chinese ports such as Shenzhen, Guangzhou and Ningbo, as well as Singapore.

“This three-way cooperation is a crucial step for CNOOC Gas and Power Group to develop a global LNG supply network and it hopes to promote cooperatives by facilitating a low-carbon future at sea,” said Rongwang Zhang, vice president. -president, general counsel. and Chief Compliance Officer at CNOOC Gas and Power Group.

The latest agreement follows a partnership between Pavilion Energy and Gasum in October 2020 to develop an LNG supply network for customers in Singapore and Northern Europe.

The use of LNG as an alternative marine fuel has increased in line with International Maritime Organization goals to reduce greenhouse gas emissions.

Pavilion Energy, alongside Mitsui OSK Lines, is expected to launch a Singapore-flagged LNG-fueled vessel in the first quarter of 2023. It will be Singapore’s largest LNG supply vessel.

Gasum has made more than 1,300 LNG ship-to-ship and truck-to-ship deliveries, while CNOOC Gas and Power Group has taken steps to build international LNG bunkering infrastructure along China’s coastal areas. (Reporting by Jeslyn Lerh; Editing by Bradley Perrett)

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