Peninsula to kick off LNG bunkering in Gibratar following award of license
- Published
by Admin
Marine fuel supplier Peninsula on Tuesday (10 October) said it has been granted an LNG Bunkering Operator License by the Government of Gibraltar and the Gibraltar Port Authority.
The company recently announced the arrival of its purpose-built, 12,500m3 Liquefied Natural Gas (LNG) supply vessel, Levante LNG, to the Strait of Gibraltar. The new vessel will be operated by Peninsula and will enable the company to service customers with LNG requirements in both the Gibraltar Strait and other Mediterranean ports.
John A. Bassadone, CEO of Peninsula, said: “This is very welcome news. I want to thank John Ghio, Captain of the Port of Gibraltar, and The Hon Vijay Daryanani MP, for supporting our licence application and allowing us to continue our decarbonisation journey. The ability to operate our LNG vessel in the Strait of Gibraltar will bring lower-carbon solutions to vessels entering and leaving the Mediterranean. The proactivity of the Gibraltar Port Authority and the Government of Gibraltar will continue to cement the jurisdiction’s position as a leading centre for maritime excellence.”
Nacho de Miguel, Head of Alternative Fuels & Sustainability, said: “This license allows us to meet lower-carbon product demand across the Western Mediterranean. The LNG-propelled vessel orderbook is looking very healthy and we want to offer solutions now to those customers taking a proactive step towards decarbonisation. As the gateway to the Mediterranean, the Port of Gibraltar will be an integral piece of the decarbonisation puzzle.”
Manifold Times previously reported Peninsula stating its commitment to reducing emissions in shipping goes beyond biofuels and will also look at other alternative bunker fuels such as LNG.
Peninsula added it will be taking delivery of its newly built LNG bunker vessel Levante LNG which will add physical capacity in the Mediterranean to its already active reselling business in this product.
The development came after the firm fixed its first biofuel deal for Japanese shipping firm Kawasaki Kisen Kaisha (“K” Line).
Related: Peninsula looks beyond bio bunker fuels, will take delivery of bunker vessel “Levante LNG”
Photo credit: Peninsula
Published: 11 October, 2023
