Cepsa to Supply LNG for Marine Fuel Through Multi-Product Barge

Posted by Lauren Tyler on September 20, 2016 No Comments
Categories : New & Noteworthy

Energy group Cepsa says it will supply liquefied natural gas (LNG) to fuel marine vessels through a new multi-product barge. The barge will be able to provide all types of marine fuels, including diesels and LNG. Cepsa will participate in the design and construction of the ship alongside its strategic business partner, Flota Suardiaz.

According to Cepsa, the project forms part of the Core LNGas Hive initiative, selected by the European Commission, whose objective is to develop an LNG logistics network to promote the use of the gas as a fuel for transport, especially in the marine environment. The project is led by the country’s ports and coordinated by Enagas and has 42 partners in Spain and Portugal.

Core LNGas Hive aims to lower carbon emissions in the Mediterranean and Atlantic and to promote clean energies for transport and care for the environment through the European Union.

The company says the first barge will start operations in 2018 from the port of Barcelona. Of note, Cepsa says it will become the first supplier of this fuel ship-to-ship through a multi-product barge in Spain, and Barcelona will become the first port in southern Europe to offer it.

“Our customers will benefit from the great flexibility that the barge will give, supplying all types of fuel, from standard fuels to the most innovative, taking us a step ahead of the change in European regulations,” said Alberto Martinez-Lacaci, Cepsa’s bunker director.

“Cepsa is a bunker leader in Spain and supplies marine fuels in other important international ports, such as Fujairah and Panama, so it had to be involved in this project. We are convinced that it will open a new chapter in the European bunkering market, whose future will be closely tied to the use of lower-emitting fuels, such as liquefied natural gas,” he added.

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