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Three new members join SEA\LNG

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LNG Industry,

SEA\LNG has released a statement welcoming three new members into the coalition: Mitsui & Co. Ltd; Novatek Gas & Power; and Sumitomo Corp.

SEA\LNG is a coalition looking to break down the commercial barriers to the adoption of LNG as a clean and economically viable alternative to traditional bunker fuels.

Peter Keller, SEA\LNG Chairman and Executive Vice President, Tote, said: “We are pleased to welcome Novatek, Mitsui, and Sumitomo to our growing coalition. Each of the global organisations brings with them a wealth of knowledge and experience that will be invaluable to SEA\LNG as we work to realise our goal of making LNG an important maritime fuel. Our aim since inception was to form a coalition that unites key players from across the entire LNG value chain, and the addition of our three new members further strengthens our organisation.”

Kenichiro Yamaguchi, General Manager of Gas Business Development Division at Mitsui & Co. Ltd, added: “Mitsui has an excellent track record in the field of LNG and is well positioned to affect change within the entire value chain. As the IMO’s global sulfur cap approaches in 2020, we continue to continuously advocate for cleaner energy, including the promotion of LNG as a marine fuel. We look forward to leveraging our company’s position to work with our fellow members towards promoting sustainable LNG bunkering operations.”

Leonid Mikhelson, the Chairman of Novatek’s management board, said: “The recent adoption of stricter emission standards for marine transportation by 2020 is consistent with our strategy for entering into new prospective LNG market segments including bunkering. Global environmental requirements create the basis for transiting the global fleet towards cleaner types of fuels. We are confident that more shipping companies will opt for LNG to meet these stricter requirements, and we are ready to facilitate the LNG bunkering market and infrastructure development.”

Shuichi Suzuki, Executive Officer and General Manager of Energy Division, Sumitomo Corp., added: “We are proud to be joining a coalition whose vision for LNG as a marine fuel aligns well with our mission statement and our business philosophy which is outlined in our ‘Material Issues to Achieve Sustainable Growth with Society’ framework, especially ‘Achieving Harmony with the Global Environment’. We place strong emphasis on making an impact by leveraging our existing strengths, which is why we are excited to work in close partnership with other SEA\LNG members to continue to accelerate the widespread adoption of LNG as marine a fuel.”

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