Skangass, NEOT in ship-to-ship bunker contract

Skangass, NEOT in Europe's first ship-to-ship bunker contract

Skangass and North European Oil Trade (NEOT) have agreed on a supply contract for LNG to NEOT’s coming 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,” says Tor Morten Osmundsen, CEO for Skangass and continues; “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.”

The agreement with NEOT confirms the effort of making LNG available for the marine market. It further confirms the increasing LNG demand, Skangass said in a statement.

This can be related to LNG being price competitive and not only a clean fuel that meets the MARPOL Protocol regulations of less sulphur emissions of only 0.10% m/m in the ECA area (Emission Control Area), it added.

Press Release; Image: Skangass

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