Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Released October 14, 2024 | SUGAR LAND
en
Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Staking a position as one of the largest liquefied natural gas (LNG) companies in the world, TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said it was doing more for the energy transition by way of additional bunkering capacity for the super-cooled fuel.
For undisclosed terms, the French energy major said it signed a charter contract with Spanish shipowner Ibaizabal for a new bunkering vessel for LNG.
The yet-to-be-named vessel would have a design capacity of 657,000 cubic feet and will serve as a supply ship for anything from tankers to ferries. Bunkering is the ship-to-ship transfer of fuels, and the maritime industry is looking for ways to lower its environmental footprint by using something other than the sulfur-rich heavy fuel oil (HFO) commonly used today.
The International Maritime Organization (IMO), a U.N.-backed agency overseeing the global shipping industry, set standards that mandate reductions in sulfur-dioxide emissions and other pollutants.
IMO wants to see shippers cut their carbon emissions 40% relative to 2008 levels, by 2030. At least 5% of the fuels used by shippers, meanwhile, need to come from zero or near-zero emission technologies by the end of the decade as well.
LNG is cooled considerably, lowering the overall volume for deliveries. And because it's derived primarily from methane, which is made up of carbon and hydrogen atoms, it has no significant sulfur content.
TotalEnergies also believes that using LNG as a marine fuel can lead to a 20% overall reduction in greenhouse gases from the industry.
"With new LNG-fueled vessels coming on stream at a rapid pace, we are committed to playing our part in responding to the sector's increasing demand for this fuel, which can help global shipping meet its decarbonization ambitions," Lousie Tricoire, the company's senior vice president for aviation and marine fuels, said Thursday.
In the United States, the world's largest exporter of LNG, Galveston LNG Bunker Port LLC announced plans in September to build a facility near the Port of Galveston that would supply LNG to shippers, possibly before the end of 2026. Once built, it will be the first facility in the U.S. designed specifically for bunkering.
The French major, for its part, made a final investment decision (FID) in July on the Marsa LNG facility in Oman, situated just outside the Strait of Hormuz. The newbuild LNG bunkering vessel ordered from Ibaizabal could be stationed at that facility, once the ship is completed by 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project and Plant databases can click here for a project report on the Marsa LNG facility and click here for the plant profile.
Marsa will be powered by a 300-megawatt solar power plant. That positions it to be one of the cleanest LNG facilities in the world, with emissions intensity some 90% lower than its peers.
The facility is designed for a peak capacity of 1 million tons of LNG per year, the bulk of which would be slated for the marine fuel market in the Persian Gulf region.
TotalEnergies is the third-largest LNG company in the world, with a global portfolio of some 44 million tons per year as of year-end 2023.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
For undisclosed terms, the French energy major said it signed a charter contract with Spanish shipowner Ibaizabal for a new bunkering vessel for LNG.
The yet-to-be-named vessel would have a design capacity of 657,000 cubic feet and will serve as a supply ship for anything from tankers to ferries. Bunkering is the ship-to-ship transfer of fuels, and the maritime industry is looking for ways to lower its environmental footprint by using something other than the sulfur-rich heavy fuel oil (HFO) commonly used today.
The International Maritime Organization (IMO), a U.N.-backed agency overseeing the global shipping industry, set standards that mandate reductions in sulfur-dioxide emissions and other pollutants.
IMO wants to see shippers cut their carbon emissions 40% relative to 2008 levels, by 2030. At least 5% of the fuels used by shippers, meanwhile, need to come from zero or near-zero emission technologies by the end of the decade as well.
LNG is cooled considerably, lowering the overall volume for deliveries. And because it's derived primarily from methane, which is made up of carbon and hydrogen atoms, it has no significant sulfur content.
TotalEnergies also believes that using LNG as a marine fuel can lead to a 20% overall reduction in greenhouse gases from the industry.
"With new LNG-fueled vessels coming on stream at a rapid pace, we are committed to playing our part in responding to the sector's increasing demand for this fuel, which can help global shipping meet its decarbonization ambitions," Lousie Tricoire, the company's senior vice president for aviation and marine fuels, said Thursday.
In the United States, the world's largest exporter of LNG, Galveston LNG Bunker Port LLC announced plans in September to build a facility near the Port of Galveston that would supply LNG to shippers, possibly before the end of 2026. Once built, it will be the first facility in the U.S. designed specifically for bunkering.
The French major, for its part, made a final investment decision (FID) in July on the Marsa LNG facility in Oman, situated just outside the Strait of Hormuz. The newbuild LNG bunkering vessel ordered from Ibaizabal could be stationed at that facility, once the ship is completed by 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project and Plant databases can click here for a project report on the Marsa LNG facility and click here for the plant profile.
Marsa will be powered by a 300-megawatt solar power plant. That positions it to be one of the cleanest LNG facilities in the world, with emissions intensity some 90% lower than its peers.
The facility is designed for a peak capacity of 1 million tons of LNG per year, the bulk of which would be slated for the marine fuel market in the Persian Gulf region.
TotalEnergies is the third-largest LNG company in the world, with a global portfolio of some 44 million tons per year as of year-end 2023.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
