ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds
ExxonMobil Enters LNG Bunkering Market
ExxonMobil is set to make a significant move into the liquefied natural gas (LNG) marine bunkering sector with plans to launch operations in 2027. The American energy giant will deploy two specially designed vessels to supply LNG and bio-LNG in critical trading areas. This initiative aims to enhance the availability of lower-emission marine fuels as the maritime industry strives to reduce its carbon footprint.
Expansion Plans and Vessel Details
ExxonMobil has a rich history in LNG production and supply, spanning over 40 years. The company will introduce its first bunker vessel, a 20,000 cubic meter newbuild from Avenir LNG, in the first quarter of 2027. The second vessel, an 18,000 cubic meter ship from Evalend Shipping, is scheduled to commence operations later that same year. Amy Wood, ExxonMobil’s global low-emission fuels business development manager, emphasized the importance of LNG and bio-LNG in lowering lifecycle emissions compared to traditional marine fuels. She stated, “As the maritime industry looks for scalable ways to cut emissions, we’re leveraging our integration and experience to deliver these fuel options.”
ExxonMobil’s long-term vision includes expanding its bunkering network to accommodate the anticipated increase in demand for LNG and bio-LNG among shipowners facing stricter emissions regulations. This strategic move not only aligns with global efforts to transition to cleaner fuels but also positions ExxonMobil as a key player in the evolving marine fuel landscape.
Partnerships and Industry Impact
The collaboration with Avenir LNG and Evalend Shipping represents a significant step for both companies. Avenir LNG, which operates five LNG bunker and supply vessels and has two additional vessels under construction, views the agreement as a vital step in supporting the growth of LNG and bio-LNG as marine fuels. Jonathan Quinn, managing director of Avenir LNG, remarked that this deal solidifies their strategy for future expansion.
Evalend Shipping, a diversified Greek shipping company, is also investing in the LNG bunkering market. Earlier this year, they were linked to the acquisition of four new LNG bunker vessels, showcasing their commitment to this emerging sector. The increasing collaboration among major energy and industrial players indicates a robust market for LNG and bio-LNG, essential for meeting the maritime industry’s future fuel needs.
