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Gibraltar's oil and gas market is primarily focused on bunkering, with the territory serving as a strategic refueling point for vessels transiting the Strait of Gibraltar. In 2021, Gibraltar imported over 531 million USD worth of crude petroleum, making it the 58th largest importer in the world. The territory also exports refined petroleum products, with exports valued at 11 million USD in 2021.
Key Figures
Gibraltar imported over 531 million USD worth of crude petroleum in 2021.
Gibraltar exported 11 million USD worth of refined petroleum products in 2021.
The Gibraltar government procures a variety of oil and gas products and services, including bunkering fuel oil, LNG, lubricants, marine fuel supply services, and LNG terminal operations and maintenance.
The Gibraltar government procures a range of oil and gas products and services to support its bunkering operations and power generation needs. These include:
Bunkering fuel oil
Liquefied natural gas (LNG)
Lubricants
Marine fuel supply services
LNG terminal operations and maintenance
The Gibraltar government procures a variety of oil and gas products and services, including:
Bunkering fuel oil: This is the primary fuel used by ships transiting the Strait of Gibraltar.
Liquefied natural gas (LNG): LNG is a cleaner-burning alternative to traditional fuels, and Gibraltar is investing in the development of its LNG infrastructure.
Lubricants: These are essential for the maintenance and operation of machinery and equipment.
Marine fuel supply services: These services include the delivery, storage, and handling of marine fuels.
LNG terminal operations and maintenance: These services are essential for the safe and efficient operation of Gibraltar's LNG terminal.
The top authorities for Gibraltar oil and gas procurement are:
The Gibraltar Port Authority (GPA): The GPA is responsible for the management and operation of Gibraltar's port, including bunkering operations.
The Gibraltar Electricity Authority (GEA): The GEA is responsible for the generation and supply of electricity in Gibraltar.
The Government of Gibraltar (GoG): The GoG is responsible for setting the overall policy framework for oil and gas procurement in Gibraltar.
The top winners of Gibraltar oil and gas procurement contracts include:
World Fuel Services: World Fuel Services is a leading global supplier of marine fuels.
Shell: Shell is a global energy company that supplies a wide range of oil and gas products and services.
Cepsa: Cepsa is a Spanish energy company that operates Gibraltar's LNG terminal.
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