Total joins SEA\LNG with the objective to be a key player of the LNG bunkering market
Total, the world’s fourth-ranked international oil and gas company, has joined SEA\LNG, a multi-sector industry coalition created to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel.
Total is a global gas player, involved across the entire LNG chain, from extracting natural gas onshore and offshore to processing plants where it is liquefied, stored and shipped in a fleet of specially designed carriers to regasification terminals for delivery to business customers. In 2015, the Group’s LNG production was of 10.2 million tons. Total’s objective is to double its liquefaction capacity to around 20 Mt/y and increase its LNG trading portfolio to 15 Mt/y by 2020.
Peter Keller, SEA\LNG Chairman, said: “SEA\LNG is pleased to welcome Total. The company has significant LNG interests integrated across its supply chain and ambitious growth plans. We look forward to working together with the aim of delivering significant business and environmental benefits to the shipping industry.”
Olivier Jouny, Total Marine Fuels Managing Director, said: “Our mission, as an integrated oil company, is to offer global and compliant solutions to our customers to meet the 2020 Global Cap requirements recently set by the International Maritime Organization. Total has a long historical activity in the bunker industry and is also a strong worldwide LNG player, thus providing the required conditions to position the company on this emerging LNG bunker market, with the objective to be a key player. Total’s ambition is to become the responsible energy major and the Group strongly supports the SEA\LNG drive to make LNG the preferred clean marine fuel of the future.”
SEA\LNG brings together key players from across the supply chain, including shipping companies, classification societies, ports, major LNG suppliers, downstream companies, infrastructure providers and OEMs (original equipment manufacturers) to address market barriers and transform the use of LNG as a marine fuel.
SEA\LNG is a not for profit collaborative industry foundation serving the needs of its member organisations. SEA\LNG’s members include: ABS, Carnival Corporation & plc, DNV GL, Eagle LNG Partners, ENGIE, GE, GTT, Keppel Gas Technology, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, Total, TOTE Inc., and Wärtsilä.
SEA\LNG is guided by a board, which is led by chairman Peter Keller. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee.
The SEA\LNG coalition was established by Xyntéo, an advisory body which works with global companies to identify and implement collaborative initiatives that enable businesses to grow in a new way, fit for the resource, climate and demographic realities of the 21st century.