Swiss energy producer Axpo expands LNG operations into bunkering
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by Admin
Switzerland-based energy producer Axpo on Monday (16 December) said it is currently expanding its liquefied natural gas (LNG) operations into bunkering, chartering small-scale vessels for this purpose.
The company said bunkering is an increasingly important growth area for Axpo as LNG offers a cleaner and more competitive alternative to fuels traditionally used in the maritime sector.
“LNG bunkering allows the ship-to-ship and ship-to-truck transfer of LNG and represents an efficient and cost-effective solution for reducing greenhouse gas emissions, especially in the shipping industry,” it said in a statement.
The company previously announced it signed a ten-year deal to charter an LNG bunkering vessel. The long-term agreement has been signed with Italy’s Gas and Heat SpA and the San Giorgio del Porto shipyard.
The vessel will be built in the San Giorgio’s shipyard in Piombino, Italy, with a capacity of up to 7,500 cubic metres. In the future, the ship could also transport bio-LNG and ammonia, which is emerging as a zero-carbon fuel, particularly in the shipping sector.
Axpo also announced it has achieved a new milestone in its LNG business with the delivery of 100 LNG cargoes to Europe in less than four years.
One hundred LNG cargoes were delivered by Axpo to Europe between January 2020 and September 2024, with the bulk going to terminals in Spain, France, Italy, and Portugal.
Related: Axpo signs 10-year deal to charter LNG bunkering vessel, capable of ship-to-truck ops
Photo credit: Axpo
Published: 18 December, 2024
