Asia/Pacific News
Singapore MPA Considering Granting Multiple LNG Bunker Licences Over Next Two Years
The Maritime and Port Authority of Singapore (MPA) has announced that the authority is open to granting more than one liquefied natural gas (LNG) bunkering licence over the next two years, Singaporean media reports.
Chief Executive Andrew Tan was reported to have told journalists that multiple proposals had already been received, though the number of applications accepted will ultimately depend on the demand for LNG bunkers.
The city-state has targeted 2017 for the start of its LNG Bunkering Pilot Programme, with LNG also purportedly key in Tan's plans for turning the upcoming $1.8 Billion Tuas mega-port into a LNG bunkering hub after the it opens in 2030.
The port is also aiming to be able to handle 65 million TEUs, making it the largest in the world for a single container terminal.
In order to promote LNG, $12 million in funding has been made available to spur LNG-fuelled newbuild activity.
In September, Ship & Bunker reported that Pavilion Energy Pte Ltd. had announced plans to develop LNG bunkering services in Singapore, touting its "strategic location."
