Cepsa Discusses Growth Potential for LNG as Marine Transport Fuel

| Spain
Cepsa Multi-fuel Bunker Barge

Cepsa concept of multi-fuel Bunker Barge

Spanish energy group Cepsa, wholly owned by International Petroleum Investment Company (IPIC), declared at Gastech 2017 (Tokyo) that it will become the first company with the capacity to supply LNG “ship to ship” in Spain. Cepsa presented a paper in which it highlights Liquefied Natural Gas (LNG) as the fuel for maritime transport with the greatest growth potential within the global market due to its safety, availability and price.

It also stated natural gas is a product that respects the environment and complies with international energy policies requiring the use of cleaner fuels.

Cepsa emphasized that almost all European ports comply with the safety conditions required for the refueling of LNG. Additionally, the Iberian Peninsula, which has at its disposal a vast LNG supply network, offers enormous potential with this fuel considering that most of the West-East navigation routes cross it.

Antonio Melcón, the CEO of Cepsa Gas Comercializadora (CGC), pointed out that “for LNG to attain a position of leadership as the main fuel for maritime transport on a global scale, it is essential that the players involved in its management – ship owners, authorities, distributing companies, infrastructure operators, etc., – work on its development in a coordinated manner”.

Juan Carbayo Puig, Business Development Manager of CGC, said that “in 2018, Cepsa will become the first company with the capacity to supply LNG ship-to-ship in Spain with our Multi-product Barge, specifically at the Port of Barcelona”.

As we have learned, the use of LNG as fuel is an alternative that could serve as a response to the conditions set by the International Maritime Organization (IMO), which requires, inter alia, the reduction of sulphur oxide (SOx) and nitrogen oxide (NOx) emissions, as well as the implementation of further emissions control systems in certain maritime regions. According to the IMO, sulphur emissions must be reduced globally to 0.5% by 2020.

(Source: Cepsa)

Related Articles:

A Compelling Future for LNG Discussed at NGV Global 2017

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Cepsa Plans Multi-Fuel Bunker Barge with LNG

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