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  • Pavilion Energy, Gasum and CNOOC Collaborate to Strengthen Global LNG Bunker Supply Network
    édité le 15/11/2022


Pavilion Energy, Gasum and CNOOC Collaborate to Strengthen Global LNG Bunker Supply Network
Pavilion Energy, Gasum and CNOOC Gas and Power Group today announced the signing of a Heads of Agreement (HoA) for strategic collaboration to strengthen a global LNG bunker supply network for their customers in the world’s top three bunkering regions, i.e. Singapore, North West Europe (including Amsterdam, Rotterdam and Antwerp), as well as China coastal areas. The agreement will allow the three parties to leverage on one another’s local expertise, strong logistics capabilities, and in-depth experience in LNG bunkering operations to bring ease, efficiency, and operational flexibility across global supply points to customers.

The HoA aims to establish central links across the West and East in key LNG-bunker ready ports that include the Baltic and North Sea ECA (North West Europe); key Chinese ports such as Shenzhen, Guangzhou and Ningbo; as well as Singapore.

This agreement follows an extension of Pavilion Energy’s partnership with Gasum in October 2020 to develop an LNG bunker supply network for both its customers in Singapore and Northern Europe. CNOOC’s latest participation will boost this industry alliance and further encourages the uptake of LNG as a cleaner marine fuel, in line with the maritime industry’s decarbonisation efforts, as well as the International Maritime Organisation’s agenda to reduce greenhouse gas emissions.

Mr. Alan Heng, Group CEO of Pavilion Energy, said, “Pavilion Energy is very pleased to deepen our cooperation with Gasum and at the same time, for the opportunity to also collaborate with another world class partner CNOOC, to complement our existing networks. The synergies of our operations will further facilitate customers’ access and demand for efficient, competitive, and optimised LNG bunkering solutions.”

Pavilion Energy is a pioneer in developing LNG bunkering for the maritime industry in Singapore and advocates for LNG as a cleaner marine fuel. Sealing this latest partnership agreement comes after a naming ceremony held on 4 October for its first dedicated LNG Bunker Vessel Newbuild – the Brassavola – and currently Singapore’s largest LNG bunker vessel for use in the Port of Singapore. It is slated for operation early next year.

Mr. Mika Wiljanen, CEO of Gasum, stated, “We at Gasum are very happy about this partnership with Pavilion Energy and CNOOC, not only because it expands our geographical reach and broadens our offering, but this agreement is also an excellent example of the kind of global collaboration that is needed to achieve a carbon-neutral future – no company can do this alone. The purpose of Gasum is to help our customers and partners transition towards cleaner energy and we see LNG as a very important stepping stone in decarbonising the maritime industry.”

As the biggest distributor of LNG in Northern Europe, Gasum is strengthening the position of LNG in North West Europe and the Nordics, in accordance with the EU strategy for LNG. In 2021 Gasum performed over 1,300 ship-to-ship and truck-to-ship deliveries of LNG through its complete value chain which serves the distribution of both liquefied natural gas and liquefied biogas (LBG).

“CNOOC Gas and Power Group is thrilled to partner with Pavilion Energy and Gasum to develop LNG bunkering business. This tripartite cooperation is a crucial measure for CNOOC Gas and Power Group to develop a world-wide LNG bunkering supply network and it hopes to promote cooperatives in facilitating a low-carbon future at sea,” said Mr. Rongwang ZHANG, Vice President General Counsel & Chief Compliance Officer of CNOOC Gas and Power Group.

As the largest LNG importer in China, CNOOC Gas and Power Group has created a fully integrated LNG industry chain into China, directly connecting upstream resources, transportation and trading with downstream natural gas customers. The company has also taken several firm steps to build international LNG bunkering infrastructures alongside China’s coastal areas and is committed to providing integrated bunker solutions for global customers.

About Pavilion Energy

Pavilion Energy is a wholly-owned subsidiary of Temasek. Headquartered in Singapore, its global energy business encompasses natural gas supply and marketing activities in South-East Asia and Europe; and global LNG trading, shipping and optimisation; as well as energy hedging and financial solutions. Pavilion Energy has also been a pioneer by developing LNG bunkering for the maritime industry and by promoting greenhouse gas emissions reduction and carbon offsets in the LNG value chain. As an advocate for LNG and natural gas as fuels of choice, we are driving energy transition efforts towards a more sustainable future for generations to come.

About Gasum

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea.

About CNOOC

CNOOC Limited (SEHK: 00883, SSE: 600938), incorporated in the Hong Kong Special Administration Region (“Hong Kong”) in August 1999, was listed on the New York Stock Exchange (“NYSE”) (code: CEO) and The Stock Exchange of Hong Kong Limited (code: 00883) on 27 and 28 February 2001, respectively. The Company was admitted as a constituent stock of the Hang Seng Index in July 2001. The Company was listed on the Toronto Stock Exchange (code: CNU) on 18 September 2013.


Origine : Communiqué Pavilion Energy



 
 
 
 
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