Gazprom, Summa Group eye LNG bunker fuel

Gazprom and Summa Group have signed a memorandum of understanding indicating their intent to use LNG as a bunker fuel for marine vessels, including those owned and operated by Summa Group, an engineering, construction, and logistics conglomerate based in Moscow.

The companies initially will consider cooperation in the North Sea and Baltic Sea, including LNG supply and development of bunkering infrastructure, especially LNG storage facilities.

Later they’ll consider development of cooperation in the Black Sea, Mediterranean Sea, and regions of the Pacific.

“The tough mandatory restrictions on emissions for marine vessels carrying out transportation operations in the Baltic and North Seas to be imposed after 2015 is the most important factor of switching to alternative fuel,” said Alexander Medvedev, deputy chairman of the Gazprom Management Committee. “LNG is the only fuel that meets the requirements for limitation of emissions by ship engines without the need to install expensive filters, and it is favorably priced compared to low-sulfur petrochemicals.”

He said the requisite technologies for vessels, ship engines, and storage facilities “are available and tested.”

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/24/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Export short-sightedness

03/24/2014 Opposition by specific refiners to US exports of crude oil should surprise no one. The export ban suppresses the price of domestically produced lig...

HSC remains closed, fuel cleanup continues after barge collision

03/24/2014 The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected