South Korean public natural gas company Korea Gas Corporation (KOGAS) Thursday announced plans to improve its liquefied natural gas (LNG) bunkering capacity, according to the Korea times.
It intends to request the Korean government to amend regulations to allow the use of LNG as a marine fuel by the end of 2019, and plans to build a portfolio with global LNG bunkering firms such as Shell and Mitsui.
To date, South Korea has two LNG-propelled ships in operation; POSCO and Korea South-East Power Company have plans to introduce more LNG-powered ships.
KOGAS is currently bunkering LNG at its Pyeongtaek and Tongyeong terminals by using tank trucks, and plans to finish construction of a LNG bunkering vessel by the end of 2019.
“Amid enhanced regulations of fossil fuels, the world is looking at fierce competition to explore sustainable energy sources and relevant technologies,” a KOGAS official said.
“Through LNG bunkering, KOGAS will pre-emptively respond to the rapidly changing environmental issues.”
KOGAS in early July signed a "Business Agreement for Establishment and Activation of the Busan Port LNG Bunkering System" at the headquarters of BPC.
The Korean Ministry of Oceans and Fisheries in May introduced plans to revitalise the country’s LNG related shipbuilding industry.
Related: KOGAS and Busan Port enter LNG bunkering study
Related: KOGAS supports push for LNG bunkering
Related: South Korea to ‘revitalise’ LNG-fuelled shipbuilding sector
Photo credit: KOGAS
Published: 13 July, 2018
‘It was truly an honour to have you all be a part of our showcase event. We look forward to ongoing collaborations and taking the action needed to achieve,’ says Unitrove.
The 7,500m3 capacity LNG carrier, which can also function as an LNG bunkering vessel (LBV), received bunker fuel from sistership Avenir Advantage.
Once a conventional bunkering tanker known as Oslo Tank, the vessel is expected to set the standard and establish infrastructure for Norway’s LNG shipping sector.
Shore-to-ship LNG bunkering station is scheduled to start operations by the second quarter of 2019.
Guidelines describe the required procedures and operational actions and how to maintain safety during the ship-to-ship bunkering of LNG-powered vessels.
‘We are highly satisfied to see the initial results showing an immediate effect on reducing the vessel’s fuel consumption,’ says company statement.
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ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
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