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Sumitomo, Arkas Bunkering in LNG bunkering venture

19 Oct 2018

Turkey bunkering firm Arkas Bunkering and Trading S.A and Japanese trading firm Sumitomo Corporation Tuesday (16 October) reportedly entered into a collaboration agreement to develop LNG bunkering operations in Turkey and its surrounding waters.

The duo intends to introduce ship-to-ship LNG bunkering and position Turkey as a LNG bunkering hub in the Eastern Mediterranean.

“We are excited to conduct the protocol with Arkas Bunkering as it is an important step to supply LNG as an alternative marine fuel in Turkey and the surrounding seas,” said Shu Nakamura, General Manager of Oil, LPG, Offshore Business Department at Sumitomo Corporation.

“Now, we are developing ship-to-ship LNG bunkering Supply in Tokyo Bay, Japan, and believe our knowledge at Tokyo Bay will contribute to business development in Turkey. 
“Through the collaboration with Arkas Bunkering, we are hoping to turn Turkey into a major LNG bunkering hub in [the] East Mediterranean Sea.”

Lucien Arkas, President of Arkas Holding, was positive of the development.

“We invest for the future in our fields of operations and make accurate projections, both of which add value not only to our company but also to our nation and clients,” he said.

“The importance of sustainability is becoming even more evident day by day, and using alternative fuels takes the lead as a measure in environmental preservation.

“Alternative fuels will be introduced for compliance with the new [IMO] regulations [in 2020]. And we, the supplier of one third of every vessel refuelling in Turkey, are initiating our LNG sales in partnership with Sumitomo Corporation, the Japanese expert of the field.”

Photo credit: Arkas Bunkering
Published: 19 October, 2018

 

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