QENERGY and Dubai Maritime City Authority (DMCA) agreed to work together for LNG Bunker Project

Dubai, UAE – December 24, 2013. QENERGY Europe (QE) and Dubai Maritime City Authority (DMCA) announced their willingness to work closer together on LNG Bunkering Services in GCC and East Mediterranean.

QENERGY and DMC OfficialsFrom Right to Left: Khalid Ali Meftah – Director of Maritime Operations Department DMCA, Dr. Theodore Theodoropoulos – CEO of QENERGY, Eng. Mahammad Al Bastaki – Director of Maritime Operations Department DMCA, Abdel R. Shennawy – General Manager of ClassNK, Jim Walsh – Advisor, Maritime Strategy of DMC

QENERGY is a LNG Supplier Company with presence in GCC and Europe (LNG supplies from Ras Laffan Liquefied Natural Gas Company Limited), while DMCA is the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai. Additionally, DMCA along with Dubai Supply Authority manage the FSRU facilities in Dubai. Both Companies by sharing knowledge and experience aim to improve their efficiency and development a sustainable market for the LNG use as marine fuel.

Sharing a common vision both believe that the LNG bunkering project will have multiple positive effects on the world shipping sector with the target the establishment of a comprehensive LNG network, with special emphasis on the origin of LNG mainly from Qatar which is the world largest LNG producer. Subsequently, the goals are to develop a sustainable market for LNG as marine fuel and demonstrate the technical feasibility of its use as fuel in vessels with emphasis on retrofitting existing vessels. All this effort will lead to the achievement of the main objective which is to support the shipping industry by increasing the fleet competitiveness, efficiency, and sustainability.

‘’We need to prove that the associated risk is manageable, quantifiable and small and that the safe use can be approved and certified. Additionally, we need to show the economic feasibility of these conversions and operations on a vessel lifecycle basis’’, Dr. Theodore said.

Dr. Theodore Theodoropoulos CEO of QENERGY, was officially invited to DMCA premises in Dubai and the deal has been  supported by the UAE Government and the Dubai Supreme Energy Council.

Sources: Gulf News, Gulf Times, Reuters.

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