Shell charters Knutsen’s newbuild as LNG bunkering business grows

Shell will charter a newbuild bunkering vessel from Norway’s Knutsen as the energy giant continues to grow its LNG bunkering business.

Spain’s Armon Gijon should deliver the 5,000-cbm LNG bunkering ship next year.

Following delivery, the vessel will call at the Enagas-operated terminal in Barcelona to load and then supply LNG in the region, according to a Shell statement on Thursday.

The new charter is a part of Shell’s plans to boost its LNG bunkering business by 50 percent on international routes by the mid-2020s. The firm currently has six LNG bunkering ships in its portfolio.

“Shell plans to double its existing LNG bunkering infrastructure on key international trade routes by the mid-2020s and this vessel will play an important role in that journey as we serve more customers across our global network with LNG,” Tahir Faruqui, general manager, Shell global downstream LNG, said.

“In 2019 we completed the first LNG ship to ship bunkering in Barcelona and look forward to working with our partners in this project on the delivery of this vessel, demonstrating our ability and commitment to providing safe, reliable supplies to meet the growing need for cleaner-burning fuels,” he said.

Shell completed more than 400 bunkering operations, LNG-powered fleet growing as well

To remind, Shell has recently added Gibraltar to its worldwide LNG bunkering network after wining a licence from the British overseas territory’s port operator.

Moreover, the company has developed one of the world’s largest LNG fueling networks of ports and bunkering vessels on key trading routes.

Shell says it has already completed more than 400 LNG bunkering operations around the world, including in France, the Netherlands, Norway, Spain, and most recently the US.

In 2021, Shell will also perform LNG bunkering operations in Singapore.

Singapore’s first LNG bunkering ship FueLNG Bellina, owned by Keppel Offshore & Marine and Shell, has started commercial operations in the country following recent delivery in China.

In addition, Shell is building a large fleet of LNG-powered vessels.

It plans to take delivery of 16 dual-fuel LNG carriers, 10 LNG Aframax crude oil tankers, four new LNG oil products tankers and 40 new dual-fuel tanker barges to transport petroleum products on European inland waterways from 2021 onwards, the firm said.

- Advertisements -

Most Popular

Japan’s Jera plans to invest up to $13 billion in LNG

Japan's power firm and LNG player, Jera, plans to invest 1-2 trillion yen ($6.47-$12.96 billion) in its liquefied natural...

CoolCo, GAIL seal charter deal for newbuild LNG carrier

LNG carrier operator CoolCo has entered into a 14-year charter deal with India’s largest gas utility GAIL for one...

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

More News Like This

UK’s Dragon LNG terminal offers capacity from September 2029

The UK’s Dragon LNG terminal in Milford Haven has invited market participants to express an interest in capacity at...

Singapore LNG bunkering volumes jump

Singapore's LNG bunkering sales jumped in the first four months of this year, reaching a new record, according to...

Peru LNG exports steady in April

Liquefied natural gas exports from Peru remained steady in April, with five cargoes leaving Peru LNG’s liquefaction plant at...

VTTI to buy 50 percent stake in UK’s Dragon LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, has entered into a deal with infrastructure manager,...