Russian oil major Gazprom on Tuesday (25 December) reviewed the information about the prospects of the liquefied natural gas (LNG) bunkering market and the company’s ongoing efforts.
The Board of Directors noted the increased use of LNG as a bunker fuel being related to the restrictions imposed by the International Convention for the Prevention of Pollution from Ships (MARPOL).
Starting from 2015, the maximum allowable concentration of sulphur in marine fuel was reduced from 1% to 0.1% in designated Emission Control Areas (the Baltic and North Seas, the English Channel, North American coastal areas, and the U.S. area of the Caribbean), they noted.
In 2020, MARPOL will implement a global 0.5% sulphur cap for marine fuel. This measure is expected to significantly decrease the use of fuel oil and increase the consumption of LNG as a fuel meeting all of the environmental requirements set by MARPOL.
“Gazprom continues to build the LNG production, storage and shipment complex near the Portovaya compressor station. It is planned to use the plant’s output to, inter alia, bunker marine vessels in Russia. The core process equipment of the complex is being assembled at the moment,” they said in a statement.
“Meanwhile, construction of an onshore LNG storage tank and berthing facilities is underway. The complex is slated to come onstream in 2019. In addition, Gazprom is exploring the possibilities of building plants in the area of the Black Sea and in Russia’s Far East.
“Gazpromneft Marine Bunker, the Gazprom Group’s single operator for selling LNG to end consumers in the bunkering market, is currently working on a project for an LNG bunkering vessel.”
To date, only four LNG bunkering tankers exist worldwide, along with eleven small-scale gas carriers some of which are fitted out for LNG bunkering.
The Management Committee was instructed to continue creating infrastructure for producing and marketing LNG as a bunker fuel.
Gazprom’s push for LNG bunkering was recorded in the following Manifold Times articles:
Related: Keppel unveils SGD $300 mil LNG bunker tanker, FPSO, 65 scrubber deals
Related: Gazpromneft Marine Bunker adopts ISO LNG bunkering standard
Related: Gazprom Neft aims to be ‘market leader in LNG bunkering in Russia’
Published: 27 December, 2018
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.