CEO and Captain of the Port of Gibraltar, Commodore Bob Sanguinetti.
Her Majesty's Government of Gibraltar (HMGoG) and the Gibraltar Port Authority (GPA) Friday announced they have signed a bunker market development agreement with energy major Shell.
"This is a significant milestone on the road to delivering LNG as a bunker fuel to ships at anchor in Gibraltar and is also part of the Port of Gibraltar's strategy to provide the widest range of marine services as it looks to the future," HMGoG and GPA said in a joint statement.
"This project will be subject to the Government's policy of going through stringent environmental processes and studies, including Environmental Impact Assessments (EIA) and Control of Major Accident Hazards (COMAH) procedures."
Commodore Bob Sanguinetti, CEO and Captain of the Port of Gibraltar
This is excellent news for the Port of Gibraltar
As part of the deal, Shell will carry out a Joint Development Study by January 1, 2018 which will deal with the regulatory framework, safety, and technical standards "without which the project cannot proceed."
CEO and Captain of the Port, Commodore Bob Sanguinetti said it was "excellent news for the Port of Gibraltar.
"It reinforces our aspiration to remain the Mediterranean's premier bunker port and centre of maritime excellence, and is indicative of the strong partnership between the port and Shell as they seek to develop Gibraltar as a key hub in Shell's LNG network."