New Global Brand Gas4Sea Enters LNG Bunkering Market
In 2014, ENGIE, Mitsubishi Corporation, and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe, and cost-effective service to shipping customers worldwide.
The partners will begin operations in the fourth quarter of 2016, using a purpose-built LNG bunkering vessel (LBV) with a 176,573 cu. ft. LNG capacity, the first of its kind in the market. It will be able to bunker vessels at the Belgian port of Zeebrugge, as well as other nearby ports.
“We believe LNG has a key role to play in developing a more sustainable shipping activity,” said Philip Olivier, CEO of ENGIE Global LNG. “In the coming months, we will start supplying United European Car Carriers’ new dual fuel car carriers operating in the North Sea and Baltic Sea.”
The partners will expand their LNG bunkering services under Gas4Sea to meet more customers’ needs into other regions, in collaboration with stakeholders including shipping companies, port authorities, terminal operators, regional suppliers, and local governments and regulators.