Finance
TotalEnergies, CMA CGM launch LNG bunkering logistics JV in Rotterdam
Published by Global Banking & Finance Review®
Posted on July 23, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 23, 2025
1 min readLast updated: January 22, 2026
TotalEnergies and CMA CGM have launched a joint venture for LNG bunkering in Rotterdam, aiming to supply 360,000 tons of LNG annually to reduce maritime emissions.
(Reuters) -TotalEnergies and French shipping group CMA CGM have launched a joint venture to operate a liquefied natural gas (LNG) bunker supply solution at the Dutch port of Rotterdam, the French oil major said on Wednesday.
Europe is looking at importing more LGN from the U.S. amid tariff talks and as it tries to cut gas imports from Russia. TotalEnergies is the world's third largest LNG player and the largest LNG exporter out of the United States.
The 50/50 venture between the two France-based groups will develop a 20,000 cubic metre LNG bunker vessel with operations expected to start in 2028, TotalEnergies said.
Under the agreement, it expects to supply CMA CGM with up to 360,000 tons of LNG per year until 2040.
"LNG is today the most mature and immediately available solution to reduce the environmental footprint of maritime transport," TotalEnergies' Chairman and CEO Patrick Pouyanné said in a statement.
(Reporting by Alessandro Parodi in Gdansk, editing by Milla Nissi-Prussak)
LNG stands for liquefied natural gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project while maintaining their separate identities.
LNG is considered a cleaner alternative to traditional fossil fuels, as it produces lower carbon emissions when burned.
A bunker vessel is a ship designed to supply fuel to other ships, particularly in maritime transport.
Rotterdam is one of the largest ports in Europe and serves as a key hub for LNG imports and distribution.
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