Hamburg-based liquefied natural gas (LNG) bunker supplier Nauticor on Wednesday (25 March) said it has signed a Letter of Intent (LOI) with Russiann natural gas producer Novatek Green Ennergy Sp. to develop a joint LNG supply infrastructure in the Baltic Sea range that includes using the product as a marine fuel.
Both companies are already active market players in the North European LNG market and see significant potential for further growth by joining forces
Through this cooperation, both companies aim to further develop the marine LNG bunkering market by delivering the product via both bunker vessels and trucks, with extra focus placed on the development of infrastructure in ports along the German Baltic Sea coast.
According to Nauticor, Novatek has remarkable LNG production capacities in Yamal and Vysotsk which would be suited to fulfill the growing demands from shipping, logistics and industry for alternative fuels in Central and Western Europe.
Nauticor, meanwhile, has extensive experience in setting up bespoke and competitive supply chains for LNG as marine fuel by truck and ship in Northwest Europe.
Since its inception, Nauticor has been continuously improving these LNG supply chains and started bunkering operations with the world’s largest LNG bunker supply vessel Kairos at the beginning of 2019.
“This cooperation combines the strengths of a leading marine LNG provider with those of one of the world’s largest LNG producers will benefit those companies that choose LNG as fuel, as it is improves the availability of LNG in a growing number of locations,” said Gregoire Hartig, Senior Business Development Manager of Nauticor.
“The commitment of a strong player like Novatek, to support the development of small-scale LNG infrastructure in the Baltic Sea and beyond, underlines Nauticor’s efforts to develop the last mile of the LNG supply chain from the terminal to the end-customer.”
“The Rostock LNG terminal is obviously an important addition to that and a natural starting point for such a cooperation.”
Photo credit: Novatek
Published: 26 March, 2020
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