Singapore LNG starts quietly

摘要

In late January, Keppel Offshore & Marine and BG Group announced they had been jointly awarded the first licence issued by the Port of Singapore to supply liquefied natural gas (LNG) bunkers. Singapore-based Keppel and UK-based BG Group are setting up a 50-50 joint venture company for LNG bunker delivery, combining Keppel's expertise in LNG vessel servicing with BG Group's diversified LNG portfolio. Notwithstanding this news about Singapore's first LNG bunkering licence, a lack of LNG infrastructure in Asia, along with high distillate costs, provides owners with little incentive to switch from heavy fuel oil, according to participants at an International Bunker Industry Association forum held in Singapore in March.