A self-proclaimed small-scale LNG supplier has upped its stakes through partnerships in China
Shortly after the announcement of 2 of China’s biggest state-owned LNG importers releasing tenders offering to sell dozens of cargoes to Europeans, works are in progress to develop Shanghai into an LNG bunkering hub to service calling vessels with Avenir LNG having stakes in it.
Playing big in China
UK-based Avenir LNG announced a long-term cooperation agreement with Shanghai SIPG Energy Service Company (SSES) for marketing LNG bunkering services. As part of the agreement, SSES will acquire Avenir’s recently completed 20,000 mᶟ LNG bunkering vessel, Avenir Allegiance, which is reported to be the largest LNG bunkering vessel built to date.
The Avenir Allegiance was built at China’s Nantong CIMC Sinopacific Offshore & Engineering and delivered in mid-December 2021. Avenir disclosed that the 525 ft long vessel would be chartered to an unnamed client. The company said that the 18,664 gross tonne vessel has a flexible design that permits dual operation as an LNG bunkering and supply vessel. The vessel features WinGD dual-fuel propulsion and BOG reliquefication.
Avenir LNG is a partnership between Stolt-Nielsen, Hoegh LNG, and Golar LNG. The company has been working to build a global network for LNG bunkering. To service the maritime industry, Avenir announced that it would build 6 LNG bunkering vessels, including 4 in the 7,500 – 7,600 mᶟ capacity range and 2 larger 20,000 mᶟ vessels. With this agreement, Avenir’s bunkering network expands into the rapidly growing Chinese market adding another hub to its existing bunkering network in the Mediterranean, Northwest Europe, and Malaysia.
Avenir will be responsible for global marketing of LNG bunkering services in Shanghai port and supporting SSES with operational and technical services. SSES is a joint venture between Shanghai International Port Group and Shenergy Group, and has been commissioned to deliver LNG bunkers to CMA CGM’s containerships on behalf of SIPG and is seeking to expand with additional customers. Expressing enthusiasm, Peter Mackey, CEO of Avenir LNG said, “We are thrilled to play an important role in establishing and promoting China’s first LNG bunkering hub in Shanghai,” said. “This deal marks another major achievement in Avenir’s development as we continue to expand our LNG bunkering network globally.”
Marine Online Media Team
Please email us at email@example.com to contact the author for this article.