ExxonMobil is entering the LNG marine bunkering market with two dedicated vessels, expanding the company’s marine fuel portfolio to include LNG and bio-LNG.
“Both LNG and bio-LNG can help reduce lifecycle GHG emissions compared with conventional marine fuels,” said Amy Wood, ExxonMobil Global Lower Emission Fuel Manager.
“As the maritime industry looks for scalable solutions to reduce GHG emissions, ExxonMobil is leveraging its skills and capabilities to deliver these fuel options.”
Chartered Vessels Set for 2027 Delivery
The first bunkering vessel to be chartered from Avenir LNG is scheduled for delivery in the first quarter of 2027, followed by a second from Evalend Shipping in the fourth quarter of that year.
These vessels will form the backbone of ExxonMobil’s initial LNG bunkering operations, capable of supplying both LNG and bio-LNG.
Ahead of the newbuild deliveries, ExxonMobil said it is developing complementary supply solutions to support customers already adopting LNG as a marine fuel.
We’re preparing for a multifuel future that helps meet society’s growing needs for energy and essential products, while helping to reduce GHG emissions,” Wood added.
The initiative forms part of ExxonMobil’s broader plan to invest up to $30 billion in lower-emission solutions between 2025 and 2030, with around 65% directed towards reducing the emissions of other companies.
ExxonMobil also underscored the need for effective, technology-neutral policies to accelerate the adoption of lower-emission marine fuels and scale the infrastructure required for the sector’s transition.
