Wave LNG Solutions, Shell sign deal for LNG marine fueling infrastructure

Qatar Petroleum’s (QP) Wave LNG Solutions and Shell Gas & Power Developments (Shell) have signed a framework agreement to develop LNG marine fueling - or bunkering - infrastructure at strategic shipping locations across the globe.

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LNG bunkering provides the shipping industry with a new fuel that helps meet the industry’s environmental and economic objectives.

Increasing numbers of ship owners and operators are turning to LNG over traditional marine fuels in response to tighter sulfur and nitrogen oxide emissions regulations. In October 2016, the International Maritime Organization (IMO) announced the introduction of a global 0.5% sulfur cap from 2020.

Promising opportunity

Saad Sherida Al Kaabi, QP president and CEO, said: “We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source. LNG demand for bunkering is expected to increase significantly over the coming years and we believe there is real potential for such demand to reach up to 50 million tonnes per annum by 2030.”

Ben van Beurden, Shell CEO, said: “As two of the world’s leading LNG suppliers, Shell and QP have the capability and experience to deliver LNG as a marine fuel to ship owners and operators who must meet tougher emissions regulations from 2020.”

 

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