29 November, 2016, London. SEA\LNG – which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel – has welcomed two new partners, each representing key aspects of the LNG maritime value chain.
The recent decision by the International Maritime Organization Marine Environment Protection Committee to enforce the global 0.5% cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective, safe and more environmentally friendly fuel.
The newest SEA\LNG partners are ABS and Keppel Offshore & Marine’s Gas Technology Development.
Peter Keller, SEA\LNG Chairman said: “We are pleased to welcome Keppel Offshore & Marine’s Gas Technology Development and ABS to SEA\LNG. They add valuable industry expertise and perspective, as SEA\LNG’s work to promote the environmental and performance benefits of LNG as a marine transport fuel, moves up a gear.”
He adds that: “These two new partners are particularly important as they represent different aspects of the marine LNG value chain and with their input, SEA\LNG offers a comprehensive and expert global perspective.”
Keppel Offshore & Marine’s Gas Technology Development was set up in 2015, and provides a range of gas solutions along the value chain. The division has significant LNG research and development capabilities and a strong track record in the conversion of floating storage and regasification units. It is also undertaking the world’s first floating liquefaction vessel conversion.
As one of the world’s leading marine and offshore classification societies, ABS works with industry stakeholders to set standards against which the design, construction and operational maintenance of high performance assets can be assessed. ABS has considerable experience in risk assessment and hazard analyses related to LNG bunkering, including proving the feasibility of certain simultaneous operations (SIMOPs) – a crucial aspect of the economic viability of LNG as a marine fuel – meeting the intent of industry safety standards.
ABS Chairman, President and CEO Christopher J. Wiernicki said; “ABS brings more than 150 years of experience and industry expertise to SEA\LNG. We fully understand future energy demands and the environmental drivers of today’s dynamic markets and look forward to working with SEA\LNG to balance those needs with operational safety and performance.”
SEA\LNG was launched in July this year. Its members are drawn from across the LNG industry, all of whom are keen to remove market barriers and help transform the use of LNG as a marine fuel into a global reality.
The SEA\LNG founding partners are: Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE,GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä. Just four months later, significant industry players Eagle LNG and now Keppel Gas Technology and ABS have joined the growing body of industry leaders, with the goal to address and overcome the challenges of widespread LNG adoption.
SEA\LNG brings together key players from across the supply chain, including shipping companies, classification societies, ports, major LNG suppliers, downstream companies, infrastructure providers and OEMs (original equipment manufacturers) to address market barriers and transform the use of LNG as a marine fuel.
SEA\LNG is a not for profit collaborative industry foundation serving the needs of its member organisations. SEA\LNG’s members include: ABS, Carnival Corporation & plc, DNV GL, Eagle LNG Partners, ENGIE, GE, GTT, Keppel Gas Technology, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc., and Wärtsilä.
SEA\LNG is guided by a board, which is led by Chairman Peter Keller. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee.
The SEA\LNG coalition was established by Xyntéo, an advisory body which works with global companies to identify and implement collaborative initiatives that enable businesses to grow in a new way, fit for the resource, climate and demographic realities of the 21st century.