Deal to boost small-scale Baltic LNG bunker infrastructure
The two companies have signed a Letter of Intent (LOI) to expand ship-to-ship and truck-to-ship deliveries in ports along the Baltic Sea.
Announcing the proposed cooperation, Nauticor said particular focus would be on the development of LNG supply infrastructure at ports along the German Baltic Sea coast.
Nauticor has extensive experience in setting up bespoke and competitive supply chains for LNG as marine fuel by truck and ship in Northwest Europe. The Hamburg-based company started bunkering operations with the world’s largest LNG bunker supply vessel Kairos at the beginning of 2019 and is now the vessel’s sole operator. Kairos, owned by Babcock Schulte Energy and co-financed by the EU’s Connecting Europe Facility, recently completed the second LNG ship to ship bunkering operation in the Port of Rostock. The port carried out its first ship to ship bunkering operation in January 2019.
The expansion of small-scale LNG infrastructure, and the increasing availability of LNG in a wide range of ports along the north German coast is likely to address ship operators’ concerns about LNG bunker supply.
