LEVERAGING TotalEnergies' POSITION AS THE 2nd LARGEST LNG PLAYER IN THE WORLD
TotalEnergies has always been closely involved in the whole natural gas and LNG supply chain, from extraction, transportation, liquefaction and shipping, to regasification, marketing and trading. Our balanced international footprint and recognised expertise across the entire LNG value chain has made us a global leader in LNG in the world.
LNG is becoming an increasingly important component in a world gas market defined by booming demand and boosted by abundant and well-spread reserves over the world. Global LNG bunkering demand is projected to rise from 0.4MT per annum (2017) to 10MT in 2025, which is why TotalEnergies is investing massively to boost our global presence. In particular, we put a strong emphasis on liquefied gas in our strategy. This offers greater security of supply and flexibility for importing nations because it can be shipped long distances economically.
LNG AS MARINE FUEL
LNG is easily accessible and an abundant energy source. Its calorific value is 15% to 20% higher than conventional fuels making LNG an economically viable combustible fuel.
Stringent environmental IMO regulations coupled with LNG’s significant advantages in terms of availability, technological maturity, affordability, and environmental efficiency will boost LNG use as marine fuel over the coming years.
According to an independent study report commissioned by SEA\LNG and SGMF and published in April 2019, LNG generates almost zero sulfur and particulate emissions and contributes to a reduction of up to 23% of Greenhouse Gas (GHG) emissions Well-to-Wake (WtW) when compared to current, conventional, oil-based marine fuels.
LNG is natural gas that has been cooled down at -163°C to liquid form, reducing the volume by around 625 times compared to its gas state. This makes it easy and safe to transport and store.
SERVING KEY GLOBAL PORTS
As one of the first movers in the supply of marine LNG, TotalEnergies has actively invested in LNG bunkering infrastructure in key global ports, to serve our customers that have chosen LNG as the cleaner fuel choice. Our goal is to extend our LNG supply chain across major global bunkering hubs.
Following 3 years of planning and collaboration with our partners, our first LNG bunker vessel – the 18,600m3-capacity Gas Agility – has been in operations, in Rotterdam, since November 2020. By 2022, we will launch our 2nd LNG bunker vessel into operations in Marseille, France, and share the use of a 3rd bunker vessel in Singapore where we are proud to have recently been awarded a LNG bunker supplier license in February 2021.
These assets, with high capacity and flexible operating parameters, are designed to serve a wide variety of vessels of all sizes - enabling us to develop tailor-made solutions for different shipping segments.
True to our goal, we are also actively exploring opportunities to develop LNG bunkering hubs in other key ports.
TotalEnergies AT THE FOREFRONT OF THE GAS INDUSTRY
TotalEnergies Marine Fuelsis a member of the boards of SEA/LNG and SGMF (Society for Gas as a Marine Fuel) and actively contributes to the development of industry standards in order to reduce the sector’s carbon footprint and develop tailor-made solutions to make ships even more environmentally friendly.