Adnoc, Inpex ink deal to explore LNG bunkering

UAE’s Adnoc Logistics & Services and Japan’s Inpex Corporation have penned a memorandum of understanding to explore LNG bunkering in the UAE and potentially expanding to Southeast Asia.

The two companies said in a joint statement that the use of LNG as a marine fuel on non-LNG carriers is expected to grow significantly as shipowners seek to comply with the 2020 IMO global sulphur cap.

The UAE is strategically located as a major bunkering hub and is a reliable producer and exporter of LNG, through Adnoc LNG, they added.

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Capt Abdulkareem Al Masabi, ceo of Adnoc L&S, said: “Adnoc L&S has a long established history in LNG Shipping as well as bunkering operations. Our goal, through this partnership, is to offer safe and efficient LNG fuelling solutions to our customers. With the support of our sister company, Adnoc LNG, as well as our partner, INPEX, we see a significant opportunity to become a major player in the LNG bunker market.”

Shigeharu Yajima, svp global energy marketing division at Inpex, commented: “LNG bunkering will be a key component to the creation of natural gas demand. Inpex aims to become a key player in natural gas development and supply in the Asia and Oceania region during the period until 2040.”

Posted 06 December 2018

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Lee Hong Liang

Asia Correspondent

Whitepaper on UAE Storybox