Business

Naturgy and Enagás to partner on bunker vessel for LNG and bio-LNG supply

“Mistral LNG” will operate, as its main market, in the Iberian Peninsula, which is being reinforced as a strategic hub in southern Europe for bunkering or supply of sustainable fuel.

Published

6 months ago

January 16, 2026

Admin

Naturgy and Enagás to partner on bunker vessel for LNG and bio-LNG supply

Naturgy and Enagás —through its subsidiary Scale Green Energy— on Thursday (15 January) said they have reached an agreement to promote the decarbonisation of maritime transport in the Iberian Peninsula by building and chartering the state-of-the-art vessel Mistral LNG for the supply of liquefied natural gas (LNG) and BioLNG to all types of vessels.

The vessel will have a cargo capacity of 18,900 m³. Scale Green Energy, which began construction in early 2026, will operate the vessel, which will be chartered by Naturgy in 2028 under a long-term contract.

The Mistral LNG will operate, as its main market, in the Iberian Peninsula, which is being reinforced as a strategic hub in southern Europe for bunkering or supply of sustainable fuels, as well as in the area of the Strait of Gibraltar and the Canary Islands, among other destinations in the Atlantic.

The ship will have a length of 138.8 meters, a dual-fuel engine, a service speed of 13 knots, and a range exceeding 4,500 nautical miles. Designed to supply LNG and bioLNG fuel, the vessel will be equipped with advanced technology to minimise emissions and optimise efficiency.

With this initiative, Naturgy positions itself as a strategic operator in the Iberian LNG and bioLNG bunkering market , which is projected to experience exponential growth in the coming years, and advances its commitment to driving the energy transition by offering competitive solutions to its customers. The company has extensive expertise in the energy supply sector and plays a key role in supplying Spain as the country’s main importer of natural gas.

For its part, Enagás—through its subsidiary Scale Green Energy—is consolidating its position as a major player in LNG bunkering in Southern Europe by adding this new vessel to its existing fleet of three ships: Levante LNG, Alisios LNG, and Haugesund Knutsen.

This contributes to the European strategy for reducing emissions in maritime transport and has a driving effect on LNG plants in Spain. All seven Spanish regasification plants are already equipped to supply LNG for bunkering, and those in Barcelona, Cartagena, Huelva, and Gijón have already begun supplying BioLNG to ships and tankers.

This project will help meet the growing demand for alternative fuels in maritime transport and comply with new European regulations requiring a progressive reduction in emissions from marine fuels. In 2024, orders for LNG and bioLNG-powered vessels doubled compared to 2023, and LNG bunkering demand is expected to continue increasing steadily in the Iberian Peninsula in the coming years.

The BioLNG service, which has no associated emissions, uses the interconnected infrastructure from the regasification plants, so that the biomethane injected into the gas network is recognized as BioLNG —a liquid biofuel obtained by processing domestic and industrial organic waste—.

Photo credit: Enagás
Published: 16 January, 2025

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

16 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

16 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Published

16 hours ago

July 21, 2026

Admin

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024.

Photo credit: Pacific International Lines
Published: 21 July, 2026