World News
Fuelgarden Wins Contract on UK LNG Plant Set to Supply Bunkers
Norway-based Fuelgarden Energy (Fuelgarden) Monday announced that it has won a contract for a Front-End Engineering & Design (FEED) on a multi-purpose liquefied natural gas (LNG) plant in the UK, which will be used to supply LNG bunkers.
Fuelgarden says the facility will be the first such multi-purpose small-scale LNG regasification and LNG bunkering plant in the UK.
"Industrial companies as well as shipping companies are constantly looking for ways to reduce their fuel bills as well as their emissions," said Dag Lilletvedt, founder and CEO of Fuelgarden.
"Through our engineering capabilities and small-scale LNG expertise we are able to combine the needs of an industrial plant for gas with ships requiring LNG as fuel."
Fuelgarden says it was awarded the FEED contract by a major international industrial company, but did not name the client, citing confidentiality reasons.
The LNG plant is expected to be ready to begin operations by the beginning of 2018.
In October, Ship & Bunker reported that Angus Campbell, Managing Director at Bernhard Schulte Shipmanagement UK (BSM) said the move to LNG bunkers is a "game changer which cannot be ignored."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
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