Gasum and Equinor Extend LNG Supply Deal for Cleaner Maritime Transport

Gasum and Equinor Extend LNG Supply Deal for Cleaner Maritime Transport

(IN BRIEF) Gasum and Equinor have entered into a long-term contract for Gasum to supply LNG to Equinor’s dual-fuel chartered fleet of vessels, building on their successful previous collaboration. Gasum’s bunker vessels Coralius, Kairos, and Coral Energy will facilitate bunkering operations, including additional support services like cooling down and gassing up. Both companies are committed to sustainability goals, with Equinor aiming to become a net-zero emissions energy company by 2050. LNG in maritime transport offers significant emissions reductions, with the potential for even greater environmental benefits when using liquefied biogas (LBG/bio-LNG). Gasum’s strategic target is to bring seven terawatt hours of renewable gas to market by 2027, which could lead to a combined carbon dioxide reduction of 1.8 million tons per year for its customers.

(PRESS RELEASE) ESPOO, 28-May-2024 — /EuropaWire/ — Gasum and Norway-based global energy company Equinor have signed a long-term contract whereby Gasum continues to supply LNG to Equinor’s dual-fuel chartered fleet of vessels. This agreement builds on the success of the previous contract Gasum has had with Equinor. Gasum’s bunker vessels Coralius, Kairos and Coral Energy will be used for the bunkering operations.

The agreement also includes additional support services such as cooling down and gassing up, which has also been a part of Gasum’s previous collaboration with Equinor. Gasum has organized three separate LNG cool down operations for Equinor in Skagen so far this year.

Both Gasum and Equinor have committed to sustainability goals to enable a cleaner energy future. Equinor’s ambition is to become a net-zero emissions energy company by 2050.

Using LNG in maritime transport means complete removal of sulfur oxides (SOx) and particles, and reduction of nitrogen oxides (NOx) emissions of up to 85 percent as well as a reduction in CO2 emissions by at least 20 percent. LNG is interchangeable with liquefied biogas (LBG/bio-LNG), which reduces carbon dioxide emissions by 90% compared to conventional fuel such as marine gasoil (MGO).

With LNG and bio-LNG the maritime industry can reduce emissions already today, instead of waiting for future solutions. Gasum’s strategic goal is to bring yearly seven terawatt hours (7 TWh) of renewable gas to market by 2027. Achieving this goal would mean combined carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers.

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SOURCE: Gasum