Singapore Expands LNG Bunkering Licenses to Fuel Shipping Ambitions

Singapore is expanding its role as a multi-fuel bunkering hub by issuing eight new licenses for liquefied natural gas (LNG) supply. The Maritime and Port Authority of Singapore (MPA) announced on Thursday that these five-year licenses, valid until August 31, 2031, will be awarded to various companies.

The licensees include Aramco Trading Singapore, Equatorial Marine Fuel Management Services, ExxonMobil Asia Pacific, PetroChina International (Singapore), Shell Eastern Trading, Sinopec Fuel Oil (Singapore), TotalEnergies Gas & Power Asia (TEGPA)-Sembcorp Fuels (Singapore) Joint Venture, and Vitol Bunkers (S). These companies are required to provide end-to-end LNG bunkering services, including fuel supply, storage, cargo transfer, and vessel delivery.

The expanded licensing framework is expected to boost Singapore's LNG bunkering capacity and strengthen the supporting ecosystem to meet growing demand for LNG bunkering services. This move aims to further establish Singapore as a major player in the shipping industry.