Qatar Petroleum and Shell Form LNG Marine fueling venture

Qatar Petroleum’s Wave LNG Solutions and Shell yesterday signed a framework agreement to develop LNG marine fueling, bunkering and infrastructure at strategic shipping locations across the globe.

Saad Sherida Al-Kaabi, Qatar Petroleum’s President and CEO, said: “We are pleased to team up with our long-term partner and industry pioneer, Shell, on this important initiative. We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source.”

The agreement follows two Memoranda of Understanding Shell and Qatargas signed with industry partners in 2016 to explore LNG bunkering opportunities in the Middle East. Pursuant to the agreement signed today, Qatar Petroleum and Shell will evaluate and progress the development of LNG bunkering facilities at various locations across Europe, the Middle East and East Asia.

In April of this year Shell announced it signed an agreement with Sovcomflot (SCF Group) to supply LNG to fuel the first Aframax crude oil tankers in the world to be powered by LNG.