Skangas,Titan LNG ink on LNG supply

Norwegian Skangas and The Netherlands-based Titan LNG have signed a Memorandum of Understanding (MoU) on LNG cooperation, with the aim to contribute to the overall availability as well as the optimization of LNG deliveries in the wider region.

The companies recognize that marine operators can benefit from a “one-stop-shop” for their LNG bunkering needs.

    “Having invested heavily in making LNG available for the market in the Nordics we can now gain from our experience and know-how in new geographical areas. This memorandum can lead to a win-win-situation for both our marine customers and our two companies,” says Kimmo Rahkamo.

Currently, Skangas is operating two vessels that can bunker LNG, mainly in the Baltic and North Sea. Titan LNG is due to take delivery of the FlexFueler1, the first LNG bunkering pontoon in Q3 2018. The pontoon will be able to deliver throughout the Amsterdam, Rotterdam and Antwerp region (ARA). Titan LNG is working on deploying more bunkering pontoons in various locations.

“By partnering with Skangas, we will develop a broader delivery scope for the operators of LNG powered vessels”, said Niels den Nijs, CEO of Titan LNG. “For ship owners considering if they should go for LNG as their new fuel there is now even less to worry about as we can assist them with both design and increased LNG availability.”

LNG is rapidly becoming the fuel of choice for vessel owners and operators, as it’s a cost-effective alternative offering several environmental benefits. Switching to LNG completely removes SOx and particles, and reduces NOx emissions by up to 85%, while also minimizing CO2 emissions. The use of LNG as marine fuel also results in compliance with current and forthcoming IMO and EU regulations.