Turkey becomes key hub for LNG supplies
(MENAFN)Turkey's BOTAS reported that the country is on the track to turn into a key hub for LNG supplies with collaboration from Turkey’s largest public institution in the fields of energy, trade, transportation and storage, BOTAS, along with Arkas Bunkering and Sumitomo Corporation.
A deal that inked amid BOTAS that plans to turn into the most environmentally-friendly public institution in Turkey, Arkas Bunkering, a subsidiary of Arkas Holding and an established maritime transportation company in Turkey, and Sumitomo Corporation, one of the largest holdings in Japan is going to witness the parties approve to collaborate on the use of LNG - the fuel of the future - as bunker fuel for sea-going vessels.
LNG has the potential to turn into the most favored bunker fuel of the future due to the fact that it is eco-friendlier compared to conventional marine fuels and due to its low cost.
New regulations from the International Maritime Organization (IMO) that needs the decrease of emission rates of marine fuels, make the signed tri-party deal even more crucial, BOTAS stated.
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