Pavilion, Gasum, CNOOC sign LNG bunkering deal
Singapore's Pavilion Energy, Finland's Gasum and China's CNOOC Gas and Power Group have signed a strategic collaboration agreement to strengthen a global LNG bunker supply network, the companies said in a joint statement on November 15.
The heads of agreement (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; 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,” the companies said.