TotalEnergies and CMA CGM to Launch LNG Bunkering Logistics Joint Venture
Why we think this is neutral
This RNS announcement is a general update on a new joint venture between TotalEnergies and CMA CGM to develop LNG bunkering infrastructure. It does not contain any of the mandatory news types specified, such as contract news, order news, trading update, or financial results. Therefore, a neutral sentiment score is appropriate.
Key Points
- TotalEnergies and CMA CGM to launch a 50/50 logistics joint venture for LNG bunkering in the ARA region
- A new 20,000 m³ LNG bunker vessel will be deployed and jointly operated by 2028
- TotalEnergies will supply CMA CGM with up to 360,000 tons of LNG per year until 2040 under a new long-term agreement
Summary
The energy company and shipping firm are partnering to expand LNG bunkering infrastructure in Europe, aiming to accelerate maritime decarbonization.
TotalEnergies and CMA CGM have entered into a 50/50 logistics joint venture to develop LNG bunkering infrastructure in the Amsterdam-Rotterdam-Antwerp region. The partnership will include deploying a new 20,000 m³ LNG bunker vessel by 2028 and a long-term agreement for TotalEnergies to supply up to 360,000 tons of LNG per year to CMA CGM until 2040.
GENERAL UPDATE