Skangass, NEOT in LNG supply contract

Skangass and North European Oil Trade (NEOT) have agreed on a supply contract for LNG to NEOT’s time chartered vessels entering into operation in 2016.

The contract is valid for supply of LNG in the region of Lysekil-Gothenburg-Skaw and is also one of the first ship-to-ship bunker contracts for LNG in Europe.

“This is our first ship-to-ship bunker contract and we are very pleased with being chosen as LNG supplier for NEOT serving their new vessels. LNG has a fantastic potential as fuel for vessels and we are determined to further develop the infrastructure to serve the market with LNG in an attractive way. A ship-to-ship supply solution is the logical development for bunkering of LNG in the future as the vessels using LNG as fuel seems to be enlarging,” said Tor Morten Osmundsen, CEO for Skangass.

“We believe LNG technology will help us to ensure continuous operations in the Baltic Sea region by meeting the Sulphur Emission Control Area (SECA) requirements, binding from the 1st January 2015. Skangass has shown great willingness to secure supply of LNG to the two new time chartered vessels and we are convinced that this will work swiftly when we go into operation,” added Satu Mattila, Chartering Manager at NEOT.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/lng-shipping/04122014/skangass-and-neot-agree-lng-supply-contract-1909/