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.

Most Popular

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.

Vietnam’s Cai Mep LNG terminal starts gas deliveries to Phu My power complex

Nebula Energy’s AG&P LNG has started delivering natural gas from Vietnam's Cai Mep liquefied natural gas (LNG) import terminal to the 900 MW Phu My 2.1 and 2.1E power plants operated by EVNGENCO3.
spot_img

More News Like This

Singapore’s FueLNG in 800th STS bunkering operation

Singapore’s LNG bunkering player FueLNG, a joint venture of Shell and Seatrium, has completed its 800th ship-to-ship (STS) LNG bunkering operation.

LNG Canada offers option to First Nations to invest in Phase 2 storage tank

Shell-led LNG Canada has signed an agreement with five northwestern B.C. First Nations, giving them the option to invest up to C$1 billion ($711 million) to acquire an LNG storage tank slated for construction as part of the expansion of its Kitimat LNG export facility on the west coast of Canada.

ARC Resources shareholders approve $16.4 billion acquisition by Shell

Canadian gas producer ARC Resources said that its shareholders have approved the previously announced acquisition by UK-based LNG giant Shell, valued at approximately $16.4 billion, including debt.

Shell, Focol take FID on Bahamas LNG terminal

UK-based LNG giant Shell and its partner Freeport Oil Company (Focol) have taken a final investment decision on a small-scale LNG regasification terminal in the Bahamas.