News 5 days ago

ExxonMobil to enter LNG bunkering market

Auckland
Hong Kong
Portsmouth
Rotterdam
Singapore

Global energy firm ExxonMobil plans to begin physical deliveries of LNG and liquefied biomethane (LBM) using two chartered bunker vessels.

IMAGE: Avenir LNG's bunker vessel, Avenir Achievement. Avenir LNG


One vessel will be chartered from UK-based supplier Avenir LNG and is scheduled for delivery in the first quarter of 2027, while the second vessel will be chartered from Greek operator Evalend Shipping and is expected to join by the fourth quarter of 2027.

“Supportive policies and rising demand for LNG in marine transportation are creating opportunities,” the company said.

ExxonMobil has not yet confirmed where the LNG bunker vessels will be deployed.

It currently supplies conventional fuel grades and bio-bunker blends in Singapore and ports along the UK’s south coast and the wider ARA region via barges, according to its website.

It also supplies conventional bunker fuels in Hong Kong’s Tsing Yi Island via barge and ex-wharf deliveries as well as at ports across New Zealand via trucks and pipeline.

“We’re preparing for a multifuel future that helps meet society’s growing needs for energy and essential products, while helping to reduce GHG emissions,” said Amy Wood, ExxonMobil’s global lower emission fuels manager.

By Konica Bhatt

Please get in touch with comments or additional info to news@engine.online

Provided by
Engine
Photo of smiling bunker trader in office in white collared shirt

Contact our Experts

With 50+ traders in 12 offices around the world, our team is available 24/7 to support you in your energy procurement needs.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as helping our team to understand which sections of the website you find most interesting and useful.