The MOU was signed at a ceremony attended by Saad Sherida Al-Kaabi, Chairman of Qatargas Board of Directors, Qatargas Chief Executive Officer, Khalid Bin Khalifa Al-Thani, the Maersk Group Chief Executive Officer, Nils S. Andersen and Shell International Trading Middle East Limited General Manager, Danny Leek.
This event highlights the commitment and innovative approach that is being undertaken by industry leaders Qatargas, Shell and Maersk to identify and develop new market opportunities through collaboration and strategic partnership.
Through the joint relationship the partners will explore the development of new markets for LNG to be used as propulsion fuel for merchant vessels. This can contribute to improve the environmental footprint of merchant shipping which currently relies predominantly on heavy fuel oils. The MOU envisages LNG supplies for this pioneering initiative to be made available from Qatargas 4, a joint venture between Qatar Petroleum and Shell Gas B.V., with Maersk Line potentially using the fuel for its merchant vessels.
Commenting on this important milestone, Saad Sherida Al-Kaabi, Chairman of Qatargas Board of Directors, said: “We are very proud to continue to pioneer new and novel opportunities to utilize Qatar’s LNG. We are also proud to partner with industry leaders such as Maersk and Shell to create potential new market opportunities for Qatar’s LNG and, at the same time, provide ship operators around the globe with a cleaner fuel alternative to the heavy fuel oils currently in use.”