Peninsula, Enagas place order for one LNG bunkering vessel in Korea

Marine fuel supplier Peninsula and a unit of Spanish LNG terminal operator Enagas have ordered one LNG bunkering vessel in South Korea.

South Korea’s Hyundai Mipo would build the 12,500-cbm LNG bunkering ship and deliver it in the third quarter of 2023, Enagas said in a statement on Friday.

In that regard, the firm’s small-scale unit Scale Gas and Peninsula signed a deal to jointly own and order the vessel, Enagas said.

Furthermore, Peninsula will charter the ship for an initial period of seven years. The firm has earlier this year completed its first fueling operation offshore Malaysia after it created a dedicated LNG bunkering unit.

Based in Algericas, the new bunkering ship will work in the Strait of Gibraltar and load LNG at Enagas-operated terminals, mainly Huelva, the statement said.

In addition, the European Union’s Connecting Europe Facility would provide 11 million euros ($13.3 million) for the project.

Enagas revealed EU support for this project last year, along with an LNG bunkering project in Barcelona. Total costs for the Algericas project would reach 56 million euros ($68.1 million), the firm said then.

These developments are part of the CORE LNGas hive project, LNGHIVE2, coordinated by the Spanish company.

- Advertisements -

Most Popular

Perenco takes stake in Golar LNG

London-based oil and gas firm Perenco has purchased a stake in floating LNG player Golar LNG. According to a SEC...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

Singapore’s Temasek says to sell Pavilion to Shell

Singapore's investment firm Temasek said it had agreed to sell 100 percent of its shares in Pavilion Energy to...

More News Like This

Spanish LNG imports, reloads drop in May

Spanish liquefied natural gas (LNG) imports and reloads decreased in May compared to the same month last year. Russia...

Spain’s Enagas reports jump in LNG bunkering volumes

Spanish LNG terminal operator Enagas reported a jump in its LNG bunkering volumes due to the start of operations...

Spanish LNG imports, reloads down in April

Spanish liquefied natural gas (LNG) imports and reloads decreased in April compared to the same month last year. Russia...

Wartsila scores contract for Spanish LNG bunkering vessel

A unit of Finland’s Wartsila has secured a contract to supply a cargo handling system for a new LNG...