LNG coalition boosted with new members
The clout of a multi-sector industry LNG coalition working towards accelerating the widespread adoption of LNG has been boosted with the support of three big names in the industry.
Mitsui & Co Ltd, Novatek Gas & Power and Sumitomo Corporation join the coalition known as SEA/LNG which advocates the adoption of LNG as a commercially option to traditional bunker fuel.
Kenichiro Yamaguchi, general manager of Gas Business Development Division at Mitsui & Co Ltd, said: “Mitsui has an excellent track record in the field of LNG and is well positioned to affect change within the entire value chain.”
“We look forward to leveraging our company’s position to work with our fellow members towards promoting sustainable LNG bunkering operations.”
Mitsui & Co Ltd participates in the whole spectrum of the value chain when it comes to LNG. To date it has invested in 11 LNG projects.
The company has also been proactive in LNG bunkering, participating in an LNG bunkering pilot programme in Singapore and signing an MoU with Gazprom to cooperate in LNG bunkering studies.
Novatek meanwhile is one of the largest independent natural gas producers in Russia. Long-term, the company has ambitious growth plans to become one of the world’s biggest exporters of LNG by tapping into Arctic gas.
Sumitomo is one of Japan’s largest trading firms with a strong heritage within the bunker trading business totalling approximately 65 years. The company has a strong presence on pipeline gas trading in the US.
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