Total Aiming to Be a Key Player in LNG Bunker Market

French oil and gas major Total S.A. (Total) has become the latest company to join SEA\LNG.

Total S.A. (Total) today signalled its intention to become a "key player" within the liquefied natural gas (LNG) bunker market.

"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," said Olivier Jouny, Total Marine Fuels Managing Director.

"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."

The comments came alongside news that the French oil and gas major has become the latest company to join SEA\LNG, the cross-industry coalition aiming to accelerate the adoption of LNG as marine fuel.

"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," said Peter Keller, SEA\LNG Chairman.

As part of those growth plans, Total says it intends to double its 2015 liquefaction capacity from 10.2 million tonnes to around 20 million tonnes per year, and increase its LNG trading portfolio to 15 million tonnes per year by 2020.

"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," concluded Jouny.