C.B. Fenton and Kanfer Delivery nearer to reaching LNG bunkering and small scale LNG distribution in Panama

The 2 events at the moment are transferring ahead and bringing onboard Melones Oil Terminal (MOTI). MOTI is among the many largest and most influential marine gasoline oil terminal operators in Panama, and gives dependable and secure storage of marine fuels. MOTI and its affiliate firm, Dealer Tankers, clearly see that LNG is the transition gasoline for the maritime business and want to participate within the sturdy rising market. They see Panama as a strategic location for LNG bunkering and want to give attention to the transition, but additionally to facilitate the small scale LNG distribution within the area.

Because of this, the events have signed an MoU with the aim of commercialising small scale LNG bunkering and distribution in Panama and extra particularly in Balboa. MOTI is on the Pacific facet of Panama the place about 80% of the traditional bunkering is being executed as we speak. The events take note of establishing a small scale LNG terminal on the Pacific facet, to serve the ports alongside the Pacific facet of Panama and do small scale LNG distribution alongside the coast.

The companions have had many discussions with numerous LNG sources and have recognized a lot of the sources within the area. Sourcing and pricing of the molecules are essential to remain aggressive to different places within the area and based mostly on this, the events are on good monitor.

The Group is now decided to convey this challenge to commercialisation and can be beginning a feasibility research together with bringing in one other stable companion from the LNG bunkering and distribution worth chain. The discussions with such events have already commenced.

“We’re proud to be a part of this choose group of firms main the best way within the decarbonisation of the maritime business. As main firms within the marine product segments, we’ve got a accountability to search for options for decarbonisation within the business. This MoU is simply step one in what guarantees to be a fruitful collaboration between distinct events that every convey sources, experience and imaginative and prescient to the desk,” stated Horacio Cofer, CEO at MOTI.

“We’re delighted to have MOTI participating on this essential challenge. They are going to be an essential cornerstone on this challenge in some ways with their skilled strategy to this market, their identify and popularity together with the drive to make issues occur and have give attention to future fuels,” added Stig Hagen, Managing Companion in Kanfer Delivery.

The stress is on the maritime business to decarbonise, and measures have to be taken.

“We at the moment are taking a result in make it simpler for the maritime business to take a related step in direction of a greener future. With such essential and stable companions participating on this challenge and being according to the purpose of carbon neutrality by the top of this decade, proposed by the Panama Canal Authority, we’re assured that we’ll attain the goal,”concluded Marco A. Guerra, CEO of C. B. Fenton. “The goal stays; we want to see the service up and working with Kanfer’s state-of-the-art bunkering ships by late 2025/early 2026.”

Learn the article on-line at: https://www.lngindustry.com/small-scale-lng/11052023/cb-fenton-and-kanfer-shipping-closer-to-achieving-lng-bunkering-and-small-scale-lng-distribution-in-panama/