France: Total & CMA CGM LNG Supply 10 Year Agreement

France: Total & CMA CGM LNG Supply 10 Year Agreement

The contract is for the supply of liquefied natural gas for CMA CGM new build container ships

Total and CMA CGM have entered into an agreement covering the supply of an estimated 300,000 tons of liquefied natural gas (LNG) a year for 10 years beginning 2020. Scheduled for delivery beginning 2020 onwards, this exceptional volume in the history of LNG bunker will fuel CMA CGM's nine newbuild container ships.

Total will provide a customized solution for LNG supply, as per the agreement. The group is at present considering chartering a LNG bunkering vessel on long-term basis that would not only deliver fuel to CMA CGM in Europe, but also to other customers in the same region. With the goal to achieve even greater and ambitious environmental responsibility, the new supply chains created would lead to a wider use of LNG, especially in other shipping sectors

Total Marine Fuels Global Solutions, the Total affiliate responsible for marketing marine fuels worldwide has been selected by CMA CGM, the first shipping company in the world to equip its giant container ships with LNG propulsion, for these future supply operations.

With the selection of LNG as a fuel today, CMA CGM is opting for a solution that will outperform the sulfur cap of 0.5% required in 2020.

RodolpheSaadé, Chairman and Chief Executive Officer of CMA CGM said, “LNG is the fuel of the future for shipping. With this groundbreaking decision by the CMA CGM Group, the entire maritime industry will benefit from the new supply chains that will be created. CMA CGM is pursuing its expansion through a combination of growth, profitability and environmental responsibility. By combining the expertise of two French companies, each one leader in its field, we are consolidating France’s prominent role for a more sustainable transportation and in favor of the energy transition.”

“CMA CGM’s decision to adopt LNG propulsion for its new build container ships sends a strong signal to the maritime world. The wider use of LNG as a fuel is an important component of Total’s LNG strategy, and we are delighted to support CMA CGM as it implements this ambitious project. This agreement highlights our involvement in developing dedicated supply chains for this new fuel. We are once again demonstrating our ability to provide customized energy solutions to our customers,” said Patrick Pouyanné, Chairman and Chief Executive Officer of Total. PWKD06122017

Last modified onWednesday, 06 December 2017 04:06
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