Rising demand for LNG triggers expansion for Gasum

As demand for LNG from the marine market continues to rise, Granqvist and his team will play an instrumental role in driving the company’s plans to expand its marine LNG services internationally, providing bunkering of LNG as a marine fuel to vessels for their own consumption.

Why expand now? With this latest move, Gasum aims to build upon its success in the Nordic LNG marine market. Following concerted actions to expand the LNG supply chain to make LNG more accessible, it has carried out more than 2500 LNG bunkering operations for the marine market since 2017, a 38% rise over the two previous years.

“Put simply, our expansion plans are driven by the marine LNG market. Whether they operate containerships, tankers or cruise ferries within our reach, our aim is to provide operators with a reliable, cost-effective source of LNG that is easy to access,” said Granqvist. “To achieve this, we must have a greater physical presence in key areas. To that end, we aim at expanding our LNG bunker vessel fleet and are in the initial phases of establishing an international network of cooperating parties.”

Already, Gasum is in the final stages of securing a permanent LNG bunkering base in northwest Europe in order to support this busy marine shipping market.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/18092019/rising-demand-for-lng-triggers-expansion-for-gasum/