New LNG Bunker Supplier License 2020

lng bunker

The Maritime and Port Authority of Singapore (MPA) has planned to launch a request for proposal (RFP) on Wednesday for stakeholders seeking to supply liquefied natural gas (LNG) bunker in Singapore’s port. To support growing demand, MPA will be issuing up to two additional LNG bunker supplier licenses.

For interested parties, a request for a copy of the RFP document can be obtained by emailing LNG_bunkering_RFP@ mpa.gov.sg, with Dec 15 as the closing date for submission.

Asia is currently seeing a growth in LNG use as a clean fuel, making it much more affordable than oil.

The RFP will push bunker companies to take up the green initiative and carve an eco-friendly future for the maritime industry.

“As the maritime community continues the search for low or zero-carbon fuels to meet IMO’s 2050 goals, LNG is a viable transitional fuel to mitigate CO2 emissions from ships. A number of first movers have made investments in LNG-fuelled vessels, including CMA CGM, Hapag Lloyd, Eastern Pacific Shipping and BHP,” according to Chee Hong Tat, Singapore’s Senior Minister of State, Ministry of Transport and Ministry of Foreign Affairs.

Even in the Covid-19 weather, bunker sales volumes have grown by 5.3% to 32.9 m tonnes compared to 2019. The annual LNG bunkering capacity has aimed to reach one million tonnes by 2021.

MPA will announce the award of new LNG bunker supplier license(s), by February 2021.

MPA has also stated that the proposal must include an end-to-end LNG bunkering solution, including details about its LNG supply and delivery model, its LNG sources, and its marketing plan for the sale of LNG bunker.

Currently, Singapore has two licensed LNG bunker suppliers –  FueLNG Pte Ltd and Pavilion Energy Singapore Pte Ltd.

 

Source:

Maritime and Port Authority of Singapore

The Straits Times

Seatrade Maritime News

Seatrade Maritime News

Offshore Energy

Marine online bunkering

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