Pavilion Energy Singapore and Total Marine Fuels Global Solutions (TMFGS) have signed a 10-year fully-termed agreement to jointly develop an LNG bunker supply chain in the port of Singapore.
This agreement follows the Heads of Agreement inked by the two companies in June 2018. The cooperation includes the shared long-term use of the 12 000 m3 GTT Mark III Flex membrane LNG bunker vessel (LNGBV) newbuild that will allow each party to supply LNG bunker to its respective customers.
“Pavilion Energy is fully committed to leading the maritime industry’s energy transition with LNG as a marine fuel – beginning in Singapore, our home base,” said Frédéric H. Barnaud, Group CEO of Pavilion Energy. “We are very pleased to be working with our strategic partners such as Total, to jointly develop robust LNG bunker logistics and supplies that are readily available for customers in Singapore and beyond.”
“We are very proud that the cooperation between Pavilion Energy and Total is paving the way towards the development of LNG as a marine fuel, especially in Singapore, the largest bunkering hub in the world,” said Jerôme Leprince-Ringuet, Managing Director of TMFGS. “With this agreement, we pursue our ambition to build a comprehensive network of supply for this clean marine fuel. It also underscores our commitment to offer our customers the best available and technologically proven solution to significantly reduce the environmental footprint of maritime transport.”
Pavilion Energy has taken several firm steps to invest in and support Singapore’s LNG bunker readiness. In May 2019, it performed Singapore’s first commercial ship-to-ship LNG bunkering operation, which comprised a reload of 2000 m3 of LNG from a small scale tanker to a receiving heavy-lift commercial vessel. Pavilion Energy also chartered its first LNGBV newbuild from Mitsui O.S.K. Lines Ltd (MOL) in February 2019, with the vessel currently undergoing construction at Sembcorp Marine's Tuas Boulevard Yard.
Total has built up a number of pioneering achievements in the development of LNG as a marine fuel. The 12 000 m3 LNGBV shared with Pavilion Energy will add to the two LNGBVs already chartered by Total from MOL. The first, an 18 600 m3 vessel ordered in February 2018 will be positioned in Rotterdam from 2020, and her sister ship ordered in December 2019 will be positioned in Marseilles from 2021.
Read the article online at: https://www.tanksterminals.com/terminals/31122019/pavilion-energy-inks-agreement-with-total-marine-fuels-global-solutions/