Qatar Petroleum, Shell Sign Agreement On Marine Fueling
June 14, 2017
Qatar Petroleum (QP) and Shell signed yesterday an agreement to
develop LNG (liquefied natural gas) marine fueling
infrastructure at strategic shipping locations across the globe.
Qatar Petroleum Chief Executive Officer Saad Sherida Al Kaabi
said the company is pleased to team up with its long term
partner and industry pioneer, Shell, on this important
initiative.
“We view LNG bunkering as a promising opportunity for LNG to
further grow as a clean energy source,” he said, adding that LNG
demand for bunkering is likely to increase significantly in the
coming years.
“We believe there is real potential for such demand to reach up
to 50 million tons per annum by 2030. Obviously, achieving this
figure requires focused investments and the right partnership
model, similar to the one we are establishing today,” he said.
Shell Chief Executive Officer Ben van Beurden said that the two
world-leading companies in supplying LNG” have the capability
and experience to deliver LNG as a marine fuel to ship owners
and operators who must meet tougher emissions regulations from
2020.”
He
added Shell looks forward to “working with Qatar Petroleum to
increase the availability of LNG as a fuel for transport.”
Yesterday’s agreement follows two Memoranda of Understanding
(MOUs) Shell and Qatargas signed with industry partners in 2016
to explore LNG bunkering opportunities in the Middle East.
Pursuant to the agreement signed yesterday, Qatar Petroleum and
Shell will evaluate and progress the development of LNG
bunkering facilities at various locations across Europe, the
Middle East and East Asia.
|