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Total to reduce gas emissions, charters new vessels

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Total has announced that it will be chartering four LNG-fuelled Aframax-type vessels equipped with Liquified Natural Gas, LNG propulsion from Hafnia and Viken Shipping.

In a statement issued on Wednesday, Total said that each of the vessels will have a capacity for 110,000 tons of crude oil or refined products and will be delivered in 2023. The first two vessels will be chartered from shipowner Hafnia, and the remaining two from Viken.

The vessels have been designed with the most efficient LNG propulsion technologies to reduce emissions, allowing a significant decrease in Greenhouse Gases, of more than 5,000 tons per year and per ship compared to conventional vessels.

Luc Gillet, Senior Vice President Shipping at Total, stated: ‘This chartering contract is in line with our Climate Ambition and will contribute to our Net Zero carbon neutrality target by 2050 or before. This contract follows a similar one, signed earlier this year, for two LNG-powered VLCC (Very Large Crude Carriers), to be delivered in 2022.

“LNG as a Marine Fuel remains the best and immediately available solution to reduce the carbon footprint of our shipping activities. With these four new vessels, we reaffirm our commitment to expand the use of cleaner marine fuels, for more sustainable shipping”.

The supply of LNG for these four LNG-powered vessels will be provided by Total Marine Fuels Global Solutions, Total’s dedicated business unit in charge of worldwide bunkering activities.

Total is the second-largest private global LNG player, with an overall portfolio of around 50 Mt/y by 2025 and a worldwide market share of 10%. With over 34 Mt of LNG managed in 2019, the Group has solid and diversified positions across the LNG value chain. Through its stakes in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia or Angola, the Group sells LNG in all markets.

Source sweetscrude
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