KS&T Completes First Ship-to-Ship LNG Transfers in the Philippines

Koch Supply & Trading (KS&T) last week said it completed the Philippines’ first ship-to-ship LNG transfers with private Chinese company Jovo and Malaysian ship owner MISC. 

“Such operations open new markets for exporters and provide new supply sources to those with LNG requirements,” KS&T said May 23.

In this case, the mother vessel loaded cargo from Australia before transferring it to a smaller daughter vessel at Subic Bay in the Philippines. The cargo was then delivered to Jovo’s Chinese terminal where it would be distributed by truck to one of their many industrial or commercial customers in Southern China.

Jovo is a privately-owned Chinese energy company. Its LNG business portfolio includes a LNG receiving terminal, tank truck operations, urban pipelines for natural gas, automobile gas refilling stations, direct industrial clients, power plant customers and exclusive management of an industrial park in South China. It has LNG contracts with Chevron, Petronas and SCT&E LNG.

“Looking at how the LNG market is developing,” Tim Mendelssohn, LNG freight and operations manager at KS&T said, “we are challenging the existing business model as a problem-solving, solution-oriented agent for LNG ship-to-ship transfers in emerging economies around the globe, reducing barriers to market entry”.

Shardul Sharma