SEA\LNG Adds Three New Members

Bureau Veritas, Clean Marine Energy, and Gas Natural Fenosa have joined SEA\LNG.

SEA\LNG today announced that Bureau Veritas S.A. (BV), Clean Marine Energy, LLC (CME), and Gas Natural SDG, S.A. (Gas Natural Fenosa) have become the newest members of the cross-industry coalition aimed at promoting liquefied natural gas (LNG) as marine fuel.

"We firmly believe that collaboration, demonstration and communication on key areas such as safety, regulation, emissions and the economic case are essential to providing the confidence and demand required for an effective and efficient global LNG value chain by 2020," said Peter Keller, SEA\LNG Chairman and Executive Vice President of Tote.

"With the addition of Bureau Veritas (BV), Clean Marine Energy (CME), and Gas Natural Fenosa to our coalition, we are expanding our knowledge and experience base, bringing us one step closer to achieving our vision."

The three new members are noted to represent key aspects of the LNG value chain, and have joined SEA\LNG to help break down the barriers to the widespread adoption of LNG, assuring its role as a clean and economically viable alternative to traditional bunker fuels.

"The greatest barriers for shipowners and operators to convert to LNG are access to capital and guaranteed LNG supply. CME's ability to provide funding for LNG powered vessels and our commitment to developing the supply chain will lower these barriers," said Pace Ralli, CEO of CME.

The three new SEA\LNG members have joined a number of organisations that are already part of the coalition, including ABS, Carnival Corporation & plc, DNV GL, Eagle LNG Partners, ENGIE, ENN Group, GE, GTT, JAX LNG, Keppel Gas Technology, Lloyd's Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, Total, TOTE Inc., Toyota Tsusho Corporation, and Wärtsilä.

"As a leading LNG operator, we hope that the SEA\LNG coalition will benefit from our presence throughout the gas value chain. We continuously strive to adapt to the evolving market by ensuring a strong presence in emerging LNG bunkering markets," said Alejandro Garcia, Head of Global Gas Origination of Gas Natural Fenosa.

Last month, SEA\LNG said a collaborative approach to understanding the opportunities and addressing associated commercial barriers to LNG is "crucial" to encouraging the adoption of the fuel as an alternative to traditional bunker fuels.