Havila Kystruten AS: Optimizes LNG Procurement – Secures Cost Savings and Supply Flexibility

Core Insights - Havila Kystruten AS has renegotiated its LNG procurement agreement, allowing the company to source approximately one-third of its LNG volume from an alternative supplier in Northern Norway through 2030 [1] - The revised agreement introduces a dual-supplier model, linking part of the LNG pricing to gasoil, which diversifies the fuel price indexation [2] - The company anticipates annual fuel cost savings of more than 10% based on current forward pricing, with the new arrangement expected to take effect from Q4 2025 [3] LNG Procurement Agreement - The company can now source about one-third of its LNG from a new supplier at Melkøya, near Hammerfest, enhancing its supply chain resilience [1] - The dual-supplier model links two-thirds of LNG pricing to TTF and one-third to gasoil, reducing exposure to fuel price volatility [2] Cost Optimization - Planned improvements to bunkering logistics in Northern Norway, combined with a competitive pricing formula, are expected to lead to significant cost savings [3] - The updated procurement structure supports the company's focus on cost optimization and enhances predictability in fuel costs [3]