CB Fenton, a part of Ultramar (Chile), and Kanfer have signed a memorandum of understanding (MoU) with the clear objective of building a lovely hub for LNG bunkering and small scale LNG distribution in/out of Panama. The events have joined forces and at the moment are searching for a companion within the LNG buying and selling house. The aim could be that the events outline a three way partnership (JV) construction the place the JV will probably be chartering ship(s) from Kanfer, purchase LNG and commerce them to the maritime trade, in addition to gasoline to energy purchasers within the area.
Panama is among the many most essential water methods on earth, and a strategic location for bunkering. Yearly, there are greater than 13 000 ships passing by way of the locks of the Panama Canal, and a big variety of these ships have ready time earlier than coming into the locks. Roughly 80% of the standard bunkering is finished on the Pacific facet (Balboa). For that reason, the events have agreed to carry out a feasibility examine for a FSU of LNG on the Pacific facet. This FSU will then be a supply for smaller ships to provide the rising fleet of dual-fuelled ships with the cleanest gas accessible, but in addition distribute the vitality to energy intensive industries, energy stations, and so on., in Central America and West Coast South America.
“We’re delighted to companion with Kanfer for such an modern service. Greater than 90% of the world commerce is moved throughout the oceans and we imagine that it requires cleaner gas choices. An LNG bunkering and distribution hub in Panama is in step with our sustainability technique and can add worth to the commerce lanes utilizing the Panama Canal. Our objective is to contribute to the standard of life in our area of affect, by way of facilitating the overseas commerce,” stated CB Fenton’s CEO, Marco A. Guerra.
There may be an rising variety of dual-fuel ships so as, and there are at the moment 857 confirmed LNG-fuelled ships. These ships and delivery traces want to see a rising variety of LNG bunkering stations and bunkering ships at strategic places world wide. Even in as we speak’s risky vitality market the place oil merchandise are favourably priced to LNG, extra dual-fuel ships are being ordered and extra LNG bunkering ships are required. The trail in the direction of extra environmentally pleasant fuels is crystal clear. Extra LNG is coming to the market in months and years to return and authorities are including taxes on soiled fuels. The corporate is assured that as we speak’s value hole between soiled fuels and LNG will vanish.
As of as we speak, the one LNG bunkering ships accessible within the broader area are on US East Coast and US Gulf. A ship can not look ahead to provide of gas and discovering options to bunkering within the US will probably be essential for the trade. Earlier than the ships enter the locks, it may effectively use the time for LNG bunkering on the Pacific facet.
“SEA-LNG is happy to see continued improvement of recent LNG bunkering infrastructure in strategic maritime places. Along with the beforehand introduced bunkering companies in Egypt/ Mediterranean, the Suez Canal and the Crimson Sea, Kanfer Transport is now teaming up with companions to supply much-needed LNG bunkering companies in Panama. This may bolster LNG bunkering capabilities within the area to assist the rise in newbuild orders for LNG-fuelled ships and proceed to put the muse for the community of bunkering places to assist the longer term transition to bio-LNG and e-LNG. Ready isn’t an possibility, and Kanfer Transport is taking part in a vital position within the adoption of LNG as marine gas,” added Adi Aggarwal, Basic Supervisor Sea-LNG.
Facilitating for LNG bunkering to the ships passing or calling Panama is nice for the Panamanians as LNG isn’t solely much more environmentally pleasant than the standard fuels, nevertheless it may even have influence on one other essential supply of revenue for Panama, specifically the vacationer and cruise trade. Along with that, an LNG Bunkering hub will add worth to the delivery commerce lanes throughout the Panama Canal.
The clear ambition of the cooperation is to supply value environment friendly and environmentally pleasant vitality to the maritime trade in addition to to energy initiatives within the area.
“We can not do something in regards to the LNG costs, however collectively we will scale back the infrastructure value significantly. We’re assured that Panama will probably be an essential LNG bunkering hub and though LNG is alleged to be a transition gas, we are going to see extra of bio-LNG and artificial LNG in years to return. We should always even begin researching for bio-LNG in Panama,” concluded Managing Accomplice in Kanfer, Stig Hagen.
CB Fenton and Kanfer at the moment are searching for companions to make the enterprise proposition much more interesting to the trade. They imagine the appropriate companions shall have expertise with bunker buying and selling and/or commodity buying and selling and know the way about LNG or pure gasoline. The businesses will actively be searching for such companion and construction the challenge for having LNG bunkering and distribution companies accessible in 2025/2026. In 2021, Kanfer signed a ship constructing contract for 2 ships plus choices. It additionally has a singular design for each sea transportation and floating storage at a time. Each options may match the challenge in Panama.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/02012023/c-b-fenton-co-and-kanfer-shipping-as-sign-mou-for-lng-bunkering-and-small-scale-lng-distribution-in-panama/