GASUM TO COLLABORATE WITH PAVILION ENERGY AND CNOOC FOR LNG BUNKERS

Nov 17, 2022 | Marine fuel & lubricant news

Sea-LNG member Gasum, Pavilion Energy, and CNOOC Gas and Power Group have signed an agreement for strategic collaboration to strengthen the global LNG bunker supply network for customers in Singapore, North-West Europe (including Amsterdam, Rotterdam and Antwerp),  and China coastal areas.

The agreement will allow the three parties to leverage one another’s local expertise, logistics capabilities, and experience in LNG bunkering operations to bring ease, efficiency, and operational flexibility across global supply points to customers. The agreement aims to establish central links across the West and East in key LNG-bunker ready ports that include the Baltic and North Sea ECA (North-West Europe); key Chinese ports such as Shenzhen, Guangzhou and Ningbo; as well as Singapore.

The agreement is an extension of Gasum’s partnership with Pavilion Energy signed in October 2020 to collaboratively develop the LNG bunker supply network in Singapore and Northern Europe.  CNOOC’s participation will boost this industry alliance and further encourages the uptake of LNG as a cleaner marine fuel, in line with the maritime industry’s decarbonisation efforts, as well as the IMO agenda to reduce greenhouse gas emissions.

Gasum CEO Mika Wiljanen said: “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.”

Alan Heng, Group CEO, Pavilion Energy, said: “Pavilion Energy is very pleased to deepen our cooperation with Gasum and at the same, for the opportunity to also collaborate with another world-class partner CNOOC, to complement our existing networks. The synergies of our operations will further facilitate customers’ access and demand for efficient, competitive, and optimised LNG bunkering solutions/”

Rongwang Zhang, VP General Counsel and Chief Compliance Officer, CNOOC Gas and Power Group, added: “CNOOC Gas and Power Group is thrilled to partner with Pavilion Energy and Gasum to develop the LNG bunkering business.  This tripartite cooperation is a crucial measure for CNOOC Gas and Power Group to develop a worldwide LNG bunkering supply network and it hopes to promote cooperatives in facilitating a low-carbon future at sea.”

As the biggest distributor of LNG in Northern Europe Gasum is strengthening the position of LNG in North West Europe and the Nordics, in accordance with the EU strategy for LNG. In 2021 Gasum performed over 1,300 ship-to-ship and truck-to-ship deliveries of LNG through its value chain which serves the distribution of both LNG and liquefied biogas (LBG or Bio-LNG).

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