As an innovative solution to address increasingly stringent emission restrictions in a more environment-friendly way, LPG as a fuel for the main engine will be installed on 2 VLGC newbuildings, which EXMAR has contracted to serve long-term commitments with Statoil ASA of Norway for worldwide LPG transportation as announced on 21st December 2017.

Both vessels will be constructed by Hanjin Heavy Industries & Construction at Subic Bay (Philippines) for delivery within the third quarter of 2020.

This development is the result of Statoil ASA’s commitment to improve the sustainability performance in its activities and a longstanding cooperation from EXMAR with Lloyds Register as Classification Society and MAN Diesel & Turbo as Engine Maker to develop an efficient LPG fuel system, which allows part of the cargo to be used for the vessels’ propulsion.

EXMAR’s expertise and proven track record in LNG and LPG handling enables it to once more play a pioneering role in the gas shipping industry as Statoil ASA’s project will be the first to valorise LPG as marine fuel.

Its superior environmental benefits are in the fact that LPG as a fuel does not contain any sulphur and substantially reduces CO2 and NOx emissions whereas particulate matters are almost halved as compared to a fuel-only engine.

The above reflects EXMAR’s dedicated efforts to support industrial partners with state-of-the-art shipping designs.

About EXMAR

EXMAR is a provider of fl oating solutions for the operation, transportation and transformation of gas. EXMAR’s mission is to serve customers with innovations in the field of offshore extraction, transformation, production, storage and transportation by sea of liquefied natural gases, petrochemical gases and liquid hydrocarbons. EXMAR creates economically viable and sustainable energy value chains in long-term alliances with first class business partners. EXMAR designs, builds, certifies, owns, leases and operates specialized, floating maritime infrastructure for this purpose as well as aiming for the highest standards in performing commercial, technical, quality assurance and administrative management for the entire maritime energy industry.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.