GAC Bunker Fuels (GAC) on Tuesday (20 October) said it has partnered Texas-based Pilot LNG, LLC (Pilot) for the supply of Liquefied Natural Gas (LNG) as a marine fuel from its proposed Galveston LNG Bunker Port terminal project, which will be the first dedicated LNG bunker terminal in the region.
GAC said the two companies have executed a Heads of Agreement (HOA), which outlines the terms of a partnership.
The agreement prepares the ground for Pilot to provide LNG marine fuel to GAC on a Delivered Ex-Ship (DES) basis for its customers in the Galveston Bay Port complex, including the ports of Houston, Galveston and Texas City, as well as Galveston Offshore Lightering Area, on a long-term basis.
“The Galveston LNG Bunker Port will provide the LNG to supply GAC’s growing market for cleaner marine fuel, particularly as its customers seek economic ways to comply with tightening emissions regulations, including IMO 2020,” said Jonathan Cook, Pilot Chief Executive.
“The opportunity to work with such a strong global player like GAC is a very exciting step forward for Pilot and the Galveston project.”
“We have a proven track record of more than three decades supplying quality marine fuels to the shipping sector, and we continually adapt to meet our customers’ evolving needs,” said Nicholas Brown, Bunker Fuels’ Global, GAC.
“This agreement with Pilot will allow us to grow our portfolio of alternative fuels, with LNG as the cleanest and most cost-effective way for shippers to meet compliance.”
GAC Bunker Fuels noted it is the world’s only bunkering company with an integrated ISO 9001, 14001, and 45001 certification for bunker procurement that also covers LNG as a marine fuel.
Photo credit: GAC Bunker Fuels
Published: 21 October, 2020
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