TotalEnergies sees LNG as the best alternative bunker fuel bet for this decade
Oil and gas firm TotalEnergies forecasts a massive increase in LNG bunkering this decade, with volumes hitting 10 million mt by 2025 and making up 10% of the market by 2030.
PHOTO: LNG bunker vessel Gas Agility has operated in Rotterdam since November 2020. TotalEnergies
The company has invested heavily in LNG bunkering over the past few years. In November 2020 it launched its first chartered LNG bunker vessel. The 18,600 cbm-capacity Gas Agility supplies in Rotterdam.
This year, the Gas Agility will be joined by a second LNG bunker vessel, Gas Vitality, which will supply in Marseille-Fos.
After obtaining a licence to supply LNG in Singapore in February last year, TotalEnergies will also share a third, 12,000 cbm-capacity LNG bunker vessel with Pavilion Energy to ramp up its operations there.
After establishing a foothold in the ARA, Mediterranean and Singapore, the company has set its sights on creating an LNG hub in Oman as part of ongoing investments in the Middle East.
TotalEnergies is also exploring opportunities in lower-carbon bio-LNG via its Biogas unit. It plans to produce 1,500 GWh of biogas per year by 2025, and quadruple this to 6,000 GWh by 2030. It is also exploring blending of green hydrogen with LNG.
One of the biggest drivers of greener LNG blends is consumer demand for green fuel certifications such as Guarantees of Origin (GO), which is established, the company says.
