EMEA News
Titan LNG Confirms Final Investment Decision for LNG Bunkering Pontoon
Titan LNG today announced it has taken the final investment decision (FID) on what it says will be the first liquefied natural gas (LNG) bunkering pontoon in Europe, the FlexFueler1.
As Ship & Bunker reported in January, the construction of Titan LNG's FlexFueler1 will be supported by the Province of North-Holland, and is expected to be operational by 2018's Q3.
"Since the launch of the FlexFueler project in 2016, we have continuously incorporated feedback from key stakeholders resulting in an optimised design in terms of both functionality and safety," said Niels den Nijs, CEO of Titan LNG.
"Our team is grateful for all feedback received during the discussions with customers, ports, the shipyard and classification society, Bureau Veritas; all of whom contributed to improving the FlexFueler design. We believe that our decision to build the Titan LNG FlexFueler1 will contribute to the adoption of LNG as a marine fuel in this vital bunkering region."
The pontoon is slated to be stationed in the Port of Amsterdam where it will be employed as a stationary delivery location to inland water barges and small sea-going vessels.
Titan LNG says the vessel will have the ability to deliver LNG in a range from 30 to 600 cubic metres (cbm) per hour, and will be initially outfitted with two 380 cbm tanks, with the option to add two further tanks depending on market demand.
"The FlexFueler offers tremendous versatility when loading and delivering LNG," said den Nijs.
"On top of the stationary and manoeuvrable delivery methods she can load LNG from trucks, LNG transport ships or via the Gate terminal in Rotterdam. This flexibility supports our robust delivery promise while ensuring long term cost competitiveness."
Last week, Titan LNG announced that it has doubled the speed of LNG bunkering after the company bunkered Furetank Rederi AB's (Furetank's) LNG-powered M/T Fure West using equipment that combines the flow from two trucks into one bunkering hose, known as a T-piece.
