Singapore LNG bunkering volumes hit new record in August

Preliminary bunkering data on MPA’s website shows LNG bunkering sales in the world’s largest bunkering port reached 66,960 mt last month.

This marks a new monthly record, surpassing the previous record of 55,350 mt in June this year.

Last month’s LNG bunkering sales rose 47 percent compared to 45,590 mt in August last year.

Compared to the prior month’s 41,530 mt, sales rose 61.2 percent.

During January-August, Singapore LNG bunkering volumes reached 352,700 mt, a rise of 18.5 percent compared to 297,650 mt in the same period last year.

In 2024, LNG bunkering volumes surged 318.5 percent to 463,948 mt.

This compares to 110,850 mt in 2023, when LNG bunkering sales jumped compared to 16,300 mt in 2022 and 49,190 mt in 2021.

LNG bunkering volumes in Singapore increased due to new bunkering vessels working in the Singapore port, the growth of the global fleet of LNG-powered vessels, and lower LNG fuel prices.

In addition, MPA is currently looking for ways to scale up use of LNG as a marine fuel in the Port of Singapore.

In December, it launched an expression of interest (EOI) to invite interested parties to submit a proposal(s) that would allow MPA to better understand the potential for scaling up of sea-based reloading of LNG for use as a marine fuel.

MPA said in April this year that it received 14 proposals under its EOI to scale up the supply of LNG as marine fuel.

At present, the port of Singapore is served by three licensed LNG bunker suppliers and hosts three LNG bunkering vessels which provide ship-to-ship fueling operations.

The bunkering vessels are the 7,500-cbm FueLNG Bellina, the 18,000-cbm FueLNG Venosa, and the 12,000-cbm Brassavola.