Gasum and Equinor extend LNG bunkering agreement

Finnish Gasum and Norwegian Equinor have signed a long-term contract whereby Gasum will continue to supply LNG to Equinor’s dual-fuel chartered fleet of vessels.

Archive; Illustration only; Courtesy of Gasum

The agreement builds on the previous contract between the two parties and includes additional support services such as cooling down and gassing up, which have also been a part of the two companies’ previous collaboration.

Gasum said that its bunker vessels Coralius, Kairos and Coral Energy will be used for the bunkering operations, adding that the company has organized three separate LNG cool-down operations for Equinor in Skagen so far this year.

“With LNG and bio-LNG, the maritime industry can reduce emissions already today, instead of waiting for future solutions. Gasum’s strategic goal is to bring yearly seven terawatt hours (7 TWh) of renewable gas to market by 2027. Achieving this goal would mean combined carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers,” Gasum claimed.

To note, Gasum and Equinor have worked on various projects relating to LNG supply for many of Equinor’s vessels since 2011.

At the beginning of 2020, Equinor contracted Gasum for the delivery of LNG to its crude shuttle tankers, and in the same year, the parties extended their LNG bunkering deal to the ARA region – Amsterdam, Rotterdam and Antwerp. In 2022, Equinor confirmed its intention to exercise the option to extend the contract.

Both companies have committed to sustainability goals to enable a cleaner energy future. Equinor’s ambition is to become a net-zero emissions energy company by 2050.

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