CRYO Shipping AS, the Bergen based Norwegian shipping company, will be the first player to offer competitive and sustainable LNG infrastructure solutions in the northernmost counties in Norway.
CRYO Shipping enables industry and natural gas-powered ships in the northern part of Norway to finally have available LNG supply in a cost-effective, environmentally-friendly and socio-economic way.
Distribution of LNG in the northernmost counties in Norway, Nordland, Troms and Finnmark, is carried out solely by land transport, ie. the delivery of small unit volumes with road tanker and tank container, which entails expensive logistics with heavy loads on roads, environment and increased risks of road traffic safety.
CRYO Shipping, will solve challenges associated with LNG infrastructure and logistics by establishing short-sea shipping services for transport of LNG in Northern Norway in order for new and existing LNG consumers in the region to finally have access to supply of the environmentally friendly fuel (LNG) by ship in a cost-effective and socio-economic way with the least possible impact for local environment.
The Norwegian Coastal Administration has concluded that CRYO Shipping’s LNG seaborne transport services in Northern Norway will have a great value for both environment and society, and CRYO Shipping has been awarded €1 million in grants to establish the LNG trade lane.
Nicholai H. Olsen, Managing Director of CRYO Shipping AS said, “We are very proud of the positive market acceptance we have received for our planned shipping services in Northern Norway, and are very grateful for the support granted by the Coastal Administration. This is a valuable contribution to becoming the first company to establish a sea- based LNG supply chain in northern Norway, thus ensuring transport of LNG is carried out in an environmentally friendly and socio-economic way. We naturally strive to deliver at the market’s most competitive price level, and expect that this will be the foundation for even more Norwegian companies and ships to be able to use LNG as fuel.”
“We have been working for a long time in establishing market-oriented and competitive infrastructure and logistics solutions based on seaborne transport. Currently we are working to commercialise a unique concept that can supply LNG to land-based industry as well as bunkering ships in an efficient and cheaper way compared to today’s existing solutions,” He continued.