ENGIE, Mitsubishi Corporation and NYK Line announce a new global brand for LNG bunkering: Gas4Sea
ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world.
In 2014, ENGIE, Mitsubishi Corporation, and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe, and cost-effective service to shipping customers worldwide. Through their proven experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.
The partners will begin operations in the fourth quarter of 2016, using a purpose-built LNG bunkering vessel (LBV) with a 5,000cm LNG capacity, the first of its kind in the market. Designed to adapt to the largest range of customers, it will be able to bunker vessels at the Belgian port of Zeebrugge, as well as other nearby ports.
The partners will expand their LNG bunkering services under Gas4Sea to meet more customers’ needs into other regions, in collaboration with stakeholders including shipping companies, port authorities, terminal operators, regional suppliers, and local governments and regulators.
Compared with conventional oil-based fuels, the use of LNG significantly reduces emissions from engine exhaust, thus enabling ship operators to comply with increasingly stringent maritime emissions regulations.
The development of LNG bunkering is steadily progressing. LNG’s proven safety record and widespread availability position LNG as a key alternative marine fuel.
