In this list
Energy Transition | LNG | Natural Gas | Oil | Shipping

PetroChina completes first STS bunkering of LNG-powered ship in Shenzhen

Commodities | Energy | Oil | Crude Oil | Refined Products | Petrochemicals | Shipping | Tankers

Soaring crude tanker rates dent long-haul crude differentials

Shipping | Marine Fuels

Platts Bunkerwire

Electricity | Energy | Coal | Thermal Coal | Electric Power | LNG | Natural Gas | Oil | Crude Oil | Refined Products

Asia-Pacific Energy Crisis

Energy | Oil | Crude Oil | Refined Products | Gasoline | Jet Fuel | Fuel Oil

China's oil demand to face downward pressure on rising COVID-19 cases: analysts

Agriculture | Grains | Shipping | Dry Freight

Is there enough Brazilian corn to feed the world with China lurking?

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

PetroChina completes first STS bunkering of LNG-powered ship in Shenzhen


Around 7,000 cu m of LNG refueled during bunkering operation

Move to aid PetroChina to expand offshore LNG bunkering business

LNG as a marine fuel a viable solution for shipping's decarbonization

  • Author
  • Staff
  • Editor
  • Ankit Rathore
  • Commodity
  • Energy Transition LNG Natural Gas Oil Shipping

PetroChina completed its first ship-to-ship bunkering of an LNG-powered container ship at the Shenzhen Yantian Port on Nov. 22, marking the start of offshore LNG STS bunkering business in the Guangdong-Hong Kong-Macao Greater Bay Area, South China, it said on its official website Nov. 24

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The move is expected to play a vital role for PetroChina to expand its offshore LNG STS bunkering business in the country and contribute to the development of green shipping, it added.

The bunkering operation lasted for about six hours while a total of around 7,000 cu m of LNG was refueled on the containership, a 23,000-twenty-foot equivalent unit ship, owned by CMA CGM Group, according to PetroChina.

The STS bunkering can realize the simultaneous operations of loading/unloading and fuel bunkering compared with traditional bunkering, saving at least seven days of berthing time for ships, PetroChina noted, adding that this will not only improve the operational capability of both international ships and Shenzhen Yantian Port, but also enhance the competitiveness of Shenzhen as an international shipping center.

The LNG bunkering business in Shenzhen is operated by Shenzhen PetroChina International LNG Bunkering Co., Ltd, which is jointly owned by PetroChina Kunlun Gas (51%), a subsidiary of PetroChina's Kunlun Energy, Shenzhen government-owned Shenzhen Yantian Port Group (29%), and Shenzhen-listed Shenzhen Gas Corporation (20%), according to PetroChina.

The beginning of LNG STS bunkering service has made Shenzhen Yantian Port become the fourth hub port in the world and the first hub port in South China with LNG bunkering capability after Singapore, Rotterdam, and Shanghai, PetroChina's wholly owned subsidiary Kunlun Energy said on its social media platform.

Prior to this, China state-owned oil and gas major CNOOC, which is currently building international LNG bunkering centers in regions, including the Pearl River Delta and Yangtze River Delta, put a transformed LNG transport and bunker ship into operation on Nov. 15, making it China's first and currently the world's largest LNG transport and bunker vessel, S&P Global Commodity Insights reported earlier.

CNOOC's subsidiary CNOOC Gas and Power Group also signed an agreement with Pavilion Energy and Gasum on Nov. 15 to strengthen a global LNG bunker supply network in the world's top three bunkering regions -- Singapore, Northwest Europe, including Amsterdam, Rotterdam and Antwerp, and China's coastal areas.

LNG bunkering has been gaining momentum worldwide as shipping's decarbonization goals come increasingly in focus.

According to an S&P Global estimate earlier this month, petroleum-based fuels, under a reference case, will account for 90% of global bunker demand in 2030, with LNG taking 7.8% of the share and alternatives 2.2%. LNG's uptake could increase to 12% in 2050.

In its higher uptake scenario, based on companies expediting their CO2 targets and regulators implementing more restrictive environmental laws, S&P Global estimated alternative fuels at 39%, LNG at 32%, LPG at 1%, and oil-based fuels at 28% of total bunker consumption in 2050.