Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

LNG Gorskaya Overseas Ou plans bunkering centers in Estonia, Germany

Natural Gas | Oil

So what happened at MPGC 2019?

Shipping | Marine Fuels

Platts Bunkerworld

Natural Gas | Oil | Refined Products | Shipping | Marine Fuels | Tankers

Bunker and Residual Fuel Conference, 16th Annual


OPEC, Russia alliance has long-term future: Saudi adviser

LNG Gorskaya Overseas Ou plans bunkering centers in Estonia, Germany


LNG Gorskaya Overseas Ou, the Estonian arm of Russia's LNG Gorskaya, is planning to build two LNG bunkering centers at the Montu port in Estonia and port of Lubeck in Germany, the company said in an e-mailed statement Wednesday.

Not registered?

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

Register Now

This comes at a time when LNG is gaining increased traction due to stricter environmental regulations.

Most LNG has no detectable sulfur, and so emissions are considerably lower than when using other marine fuels.

Two bunkering vessels are being converted in a shipyard in Poland, marking the beginning of construction of the bunkering centers, the company said. The completion date would depend on the number of partners or ports joining the project, it said.

The cost of a storage facility with a capacity of 5,000 cubic meters including tanks is estimated at Eur25 million ($26.28 million) while the the cost of one LNG bunkering vessel is expected to be around Eur10 million-12 million, the company said.

Investment will be required on coastal infrastructure too, it said, adding that the funding for each port would be different.

The project will likely be financed by the various parties using own and external funds, including those under programs such as The Connecting Europe Facility for Transport, or CEF-T, aimed at developing EU's transport infrastructure further, the company said.

Bunkering vessels would be capable of supplying ships at Estonian, German, Swedish and Latvian ports on demand, and this would be viable due to their proximity to Montu or Lubeck, it said.

LNG Gorskaya is currently developing a project, under which LNG will be produced on a non-self-propelled barge. It is designed to process 1.968 billion cubic meters of natural gas a year, which corresponds to the production of 1.26 million mt of LNG, the company said on its website. LNG Gorskaya plans to startup the project and also start selling LNG by December 2017.

In July, LNG Gorskaya said that it had been given a permit by the Federal Marine and River Transport Agency, Rosmorrechflot, to invest in the construction of an LNG port in Saint-Petersburg.

--Surabhi Sahu,
--Edited by E Shailaja Nair,