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Pavilion Energy, Gasum, CNOOC tie up to reinforce globally LNG bunker supply network

They aim for a central link in the top three bunker regions including China and Singapore.

Pavilion Energy, Gasum, and the CNOOC Gas and Power Group, signed a Heads of Agreement that aims to strengthen the global liquified natural gas (LNG) bunker supply network in the top three bunker regions.

In a joint statement, the companies said they plan to develop central links across the East and the West in leading LNG-bunker-ready ports which include North West Europe (Amsterdam, Rotterdam, and Antwerp), China (Shenzhen, Guangzhou, and Ningbo), and Singapore. 

READ MORE: LNG investments to reach $42b annually in 2024: report

The agreement came after the extension of the partnership between Pavilion Energy and Gasum in October 2022 to develop an LNG bunker supply network for their customers in Singapore and Northern Europe. 

They also said that the participation of CNOOC, a subsidiary of China National Offshore Oil Corporation, will also support the collaboration and will encourage the use of LNG as a cleaner marine fule as the maritime industry aims to reduce greenhouse gas emissions.

 

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