Sumitomo to Collaborate forLNG Bunkering in Malaysia and Tokyo Bay
Sumitomo Corporation and Petroliam Nasional Berhad, under its wholly-owned subsidiary PETRONAS Trading Corporation Sdn Bhd announced the signing of a Memorandum of Collaboration (MoC) between both parties to jointly market and supply LNG bunker and related services through the Sumitomo Corporation and PETRONAS Marine brands in both Malaysia and Tokyo Bay, Japan. The MoC serves to build industrial platforms and end-to-end supply chains to offer more environmentally friendly and cost-efficient LNG for use as a marine fuel and reduce the GHG emission attributable to maritime transport.
The collaboration is in line with the vision set by the International Maritime Organization (IMO) in April 2018 to reduce total annual greenhouse gas (GHG) emissions by at least 50% by 2050 compared to 2008.
Sumitomo’s joint venture Ecobunker Shipping Co. Ltd together with SEA-LNG Members YKIP and Uyeno Marine Service launched the LNG bunker Vessel MV Ecobunker Tokyo Bay, which is on track to commence LNG bunker service in Tokyo Bay later this year.
In November 2020, PETRONAS successfully delivered its first Ship-to-Ship LNG bunker in the port of Pasir Gudang, Johor from the 7,500 cubic metre MV Avenir Advantage, PETRONAS’ first LNG Bunkering Vessel (LBV) under the PETRONAS Marine brand to promote the use of LNG as a cleaner marine fuel.