Peninsula Wins Gibraltar LNG Bunkering Licence

Oct 10, 2023

Global marine fuel supplier and trading firm Peninsula has been granted a licence to supply LNG as a bunker fuel in Gibraltar.

The firm was awarded its licence by the Government of Gibraltar and the Gibraltar Port Authority, it said in an emailed statement on Tuesday. 

The company will use its purpose-built 12,500 m3 supply vessel the Levante LNG for deliveries in the Strait of Gibraltar and elsewhere in the Mediterranean.

“The ability to operate our LNG vessel in the Strait of Gibraltar will bring lower-carbon solutions to vessels entering and leaving the Mediterranean,” John Bassadone, CEO of Peninsula, said in the statement.

“The proactivity of the Gibraltar Port Authority and the Government of Gibraltar will continue to cement the jurisdiction’s position as a leading centre for maritime excellence.”

LNG remains the dominant alternative fuel choice for now, with supply set up at almost all major bunkering locations. But the future viability of LNG-fuelled ships will rely on the rollout of bio- and synthetic LNG at these ports as well, as shipping firms seek to deliver lower GHG emissions.

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