Nordic energy company Gasum Oy and Baltic energy company AS Elenger Grupp have signed a FuelEU Maritime co-operation agreement. Elenger is the fuel provider for AS Tallink Grupp’s eleven RoPax vessels, which operate on the Baltic Sea on routes between Estonia, Finland, and Sweden.
In accordance with the new agreement, Gasum provides Elenger with liquefied biomethane (bioLNG) from its Pori terminal in Finland.
Tallink’s vessel M/S MyStar, which sails between Helsinki, Finland, and Tallinn, Estonia, uses bioLNG to generate a compliance surplus for Gasum’s FuelEU Maritime pool.
Our goal is to fully replace the LNG needs of both shuttle vessels, MyStar and Megastar, with liquefied biomethane within the next year. This means that both our passenger and freight customers can reduce their environmental impact by choosing to travel with Tallink. This remains very important for us, said Paavo Nõgene, CEO of Tallink Grupp.
Cost-effective and reliable pooling service
The FuelEU Maritime is a European Union regulation aimed at reducing greenhouse gas emissions from the maritime sector.
It establishes increasingly stringent requirements for the carbon intensity of energy used by ships operating in and out of EU ports, encouraging the adoption of cleaner fuels.
The regulation compels shipping companies to transition away from traditional fossil fuels towards lower-emission energy sources such as LNG and bioLNG.
Pooling offers a cost-effective way for shipping companies to address the FuelEU Maritime Regulation, as it allows for balancing the fuel use of vessels that cannot utilise LNG or bio-LNG with vessels that can.
By joining a compliance pool, multiple vessels or companies can collectively meet the FuelEU Maritime requirements.
Tallink is setting an example for other operators in the Baltic Sea. Tallink was one of the first to invest in new technology and began using LNG as early as 2017. Elenger has supported them throughout this journey, providing and bunkering LNG to the vessels, and we are happy to help take the next step now toward renewable bioLNG, said Margus Kaasik, CEO of Elenger Grupp.
According to Gasum, its FuelEU Maritime pool stands out in the market due to its reliability: as a bioLNG-producer and buyer, Gasum can guarantee the availability of low-emission fuel to the pool.
Gasum is a singular contractual partner that takes full responsibility for the compliance of all pooled vessels.
Furthermore, the company has recently started publishing the daily price of its compliance units per tonne of carbon dioxide (CO2) emitted on its website.
We are very happy to welcome Tallink MyStar into the Gasum FuelEU Maritime pool as a compliance generator. Because of this agreement with Elenger and Tallink, we are able to strengthen our FuelEU Maritime pool with yet another vessel, expanding our ability to support our customers in need of compliance. As the end of the year draws closer, we are doing our best to secure as much compliance as possible, said Jacob Granqvist, VP of Maritime at Gasum.
