Gazprom, Sovcomflot Pact on LNG Bunkering

Laxman Pai
Tuesday, June 11, 2019

Russian shipping company Sovcomflot and compatriot oil producer Gazprom Neft Marine Bunker have signed an agreement to cooperate on projects for bunkering ships with LNG fuel.

The agreement was signed by Igor Tonkovidov, Executive Vice President and CTO/COO of Sovcomflot, and Andrey Vasiliev, CEO of Gazprom Neft Marine Bunker.

Sovcomflot said that the agreement reinforces the mutual interest of both parties regarding their cooperation in the bunkering of Sovcomflot’s tankers with LNG fuel.

Compared to conventional marine fuels, the use of LNG fuel allows to significantly reduce emissions of sulphur oxides, nitrogen oxides, carbon dioxide, and particulate matter, it said.

Igor Tonkovidov said: “We firmly believe that LNG fuel is the optimal solution, both environmentally and economically, for large-tonnage cargo shipping, primarily in high-traffic areas with existing regulatory restrictions on emissions, such as the Baltic and the North Seas, as well as in the Arctic Sea basin."

"For a number of years, Sovcomflot has been systematically working on switching its tanker fleet to LNG fuel, and we welcome the opportunity to expand cooperation with Gazprom Neft in this area, combining our efforts to introduce advanced environmental standards into Russian shipping,” he added.

Andrey Vasiliev said: “The adoption of LNG bunker fuel is one of the key trends in anticipation of the entry into force of the new MARPOL environmental regulations. Our agreement is intended to promote synergies between us with the adoption of LNG fuel, with Sovcomflot being a pioneer in switching vessels to the use of LNG fuel in Russia, and Gazprom Neft Marine Bunker being the first Russian company to implement an LNG bunkering project with the planned commissioning of the country’s first LNG bunkering vessel in 2021.”

In 2018, Sovcomflot made a pioneering step in the industry, adopting LNG as a primary fuel for Aframax crude oil tankers (114,000-dwt). Currently, Sovcomflot has six such tankers in service, which primarily operate across the Baltic and North Seas.

In addition, Sovcomflot has further five LNG-fuelled tankers under construction at the Zvezda Shipbuilding Complex in Primorsky region, Russia.

Categories: People & Company News LNG Bunkering Contract Vessles

Related Stories

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Three Dead After Incident at Petronas' FSO Offshore Malaysia

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Velesto Secures Malaysia Drilling Deal with Hibiscus

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

Current News

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Mitsui Eyes New LNG Investments to Power Data Center Growth

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Three Dead After Incident at Petronas' FSO Offshore Malaysia

Planned Strike at Inpex’s Ichthys LNG Facility Called Off as Talks Continue

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com