In anticipation of the IMO‘s Global Sulphu[ds_preview]r Cap, expected in 2020, the world’s fourth-ranked international oil and gas company, Total, has joined SEA LNG. The multi-sector industry coalition aims to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel.
Total is a global gas player, involved across the entire LNG chain, from extracting natural gas onshore and offshore to processing plants where it is liquefied, stored and shipped in a fleet of specially designed carriers to regasification terminals for delivery to business customers. In 2015, the Group’s LNG production was of 10.2 million tons. Total’s objective is to double its liquefaction capacity to around 20 Mt/y and increase its LNG trading portfolio to 15 Mt/y by 2020, the company says.
Peter Keller, SEA LNG Chairman, says: »SEA LNG is pleased to welcome Total. The company has significant LNG interests integrated across its supply chain and ambitious growth plans. We look forward to working together with the aim of delivering significant business and environmental benefits to the shipping industry.«
Olivier Jouny, Total Marine Fuels Managing Director, explains: »Our mission, as an integrated oil company, is to offer global and compliant solutions to our customers to meet the 2020 Global Cap requirements recently set by the International Maritime Organization. Total has a long historical activity in the bunker industry and is also a strong worldwide LNG player, thus providing the required conditions to position the company on this emerging LNG bunker market, with the objective to be a key player. Total’s ambition is to become the responsible energy major and the Group strongly supports the SEALNG drive to make LNG the preferred clean marine fuel of the future.«
SEA LNG brings together players from across the supply chain, including shipping companies, classification societies, ports, major LNG suppliers, downstream companies, infrastructure providers and OEMs (original equipment manufacturers) to address market barriers and transform the use of LNG as a marine fuel.
The coalition‘s members include: ABS, Carnival Corporation & plc, DNV GL, Eagle LNG Partners, ENGIE, GE, GTT, Keppel Gas Technology, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, Total, TOTE Inc., and Wärtsilä. SEALNG is guided by a board, which is led by chairman Peter Keller of TOTE.
The SEA LNG coalition was established by Xyntéo, an advisory body which works with global companies to identify and implement collaborative initiatives that enable businesses to grow in a new way, fit for the resource, climate and demographic realities of the 21st century.
