In a big development for the global adoption of LNG as a ship fuel, Keppel Offshore & Marine, through its wholly-owned subsidiary KS Investments (KSI), and BG Group have been selected to supply LNG bunker to vessels in the Port of Singapore.
The joint bid submitted by Keppel O&M and BG Group for the LNG bunker supplier licence is one of the two top bids selected by the Maritime and Port Authority of Singapore (MPA). The Port of Singapore plans to launch an LNG bunkering pilot programme in 2017.
Keppel O&M and BG Group will work on forming a 50-50 joint venture to deliver an end-to-end bunkering solution using LNG sourced from BG Group’s diversified LNG portfolio and leveraging Keppel O&M’s expertise in LNG vessel servicing.
Steve Hill, executive vice president at BG, said, “Singapore is one of the world’s most important strategic ports and we are excited about the prospect of supplying LNG as a fuel for ships in this key market, with first delivery expected in 2017.”
The new venture builds on BG Group’s existing role as the exclusive aggregator for Singapore’s first 3m tonnes per annum of LNG demand.
