Titan LNG and its sister company Rolande announced the acquisition of ENGIE LNG Solutions B.V. as per the first of March 2018. This entity covers the downstream LNG activities of ENGIE in The Netherlands and Belgium. Rolande will add ENGIE’s 4 truck-fuelling stations to its network, bringing the total number to 12. The marine activities will be merged into the portfolio of Titan. This includes projects and existing customer contracts.
“Titan believes this acquisition is good news for all our customers as the activities of ENGIE LNG Solutions fit our strategy perfectly. This combination will help us to accelerate the safe, affordable, and flexible delivery of LNG to our industrial and shipping customers.
“Our LNG Bunkering pontoons will put us in a good position to capture the growth in the market. The first bunkering pontoon the FlexFueler001, will be operational in the ARA region this year,” Niels den Nijs, CEO Titan LNG, said in a statement.
The acquisition does not include the 5,000-cbm LNG bunker vessel Engie Zeebrugge (built 2016) which Engie operates with partners.
Sea News, April 17