Skangas and Titan LNG have signed a memorandum of understanding to cooperate on serving marine liquefied natural gas (LNG) customers in the North Sea and the Baltic.
The two companies said the agreement will contribute to overall availability as well as the optimization of LNG deliveries in the wider region.
Speaking of the agreement, Skangas CEO, Kimmo Rahkamo said, “it is a step in the right direction” for both the two companies and the marine customers, following the company’s investment in making LNG available for the Nordic market.
Currently, Skangas is operating two vessels that can bunker LNG. The company’s main operating area has been the Baltic and the North Sea.
Titan LNG is scheduled to take delivery of the FlexFueler1, the first LNG bunkering pontoon in Q3 2018. The pontoon will be able to deliver throughout the Amsterdam, Rotterdam and Antwerp region (ARA). Titan LNG is working on deploying more bunkering pontoons in various locations.
“Vessels require flexibility in order to trade profitably and need to bunker in a variety of ports. Hence ship operators need flexible, reliable and rapid deliveries of LNG. By partnering with Skangas we will develop a broader delivery scope for the operators of LNG powered vessels,” said Niels den Nijs, CEO of Titan LNG.
He added that the two companies will be able to assists the ship owners considering LNG conversion with the design and increased LNG availability.