Japan’s Astomos Energy Corporation and Australian LPG distributor Elgas have agreed to further study the use of liquefied petroleum gas (LPG) as ship bunker fuel.
Under a Memorandum of Understanding (MOU), the companies will enhance cooperation across all aspects of LPG bunkering including the sharing of information, research and development and collaboration in securing global supply sites for LPG bunkering within the Asia Pacific.
The agreement is set to strengthen the relationship between the two companies in the field of seaborne LPG trading and contribute to the expansion into new business areas.
Earlier in 2017, Astomos signed a separate MOU with Norway-based oil and gas company Statoil for the same purposes, to study the application of LPG as bunker fuel.
LPG bunkering concept was shaped as one of the solutions for the approaching SOx Regulation for shipping fuels in 2020.