Greece’s probunkers applies for Singapore LNG bunkering licence

Greece-based probunkers has applied to become a licensed LNG bunkering supplier in the Port of Singapore.

The move follows a request for proposals launched by Singapore’s MPA to issue up to two new bunkering licences to support growing demand for LNG as fuel in the country.

Probunkers, which aims to operate a fleet of LNG bunkering vessels, says the submission is aligned with its business plan.

“Our submission request for an LNG bunkering license for the Port of Singapore supports our quest to become the first independent global LNG bunker supplier,” probunkers’ CEO, Alexander Prokopakis said.

He adds the LNG-fueled fleet is growing and the firm sees increasing interest from charterers and shipowners for the fuel.

“It is widely acceptable that in order to see significant development in LNG as a marine fuel changes need to be made. It is time for more commercial and transparent practices along the lines of traditional oil bunkering,” Propakis said.

“Long term contracts and commitments is the way of doing business in the past, the industry needs to move forward. This is the value proposition of probunkers,” he said.

The MPA launched the request on October 28 and the deadline for submission by interested parties was December 15.

Singapore has currently two licensed LNG bunkering suppliers. The first is FueLNG, a venture between Keppel O&M and Shell, and the second is Pavilion.

MPA plans to announce the award of new LNG bunker supplier licence(s), if any, by February 2021.

- Advertisements -

Most Popular

Excelerate orders FSRU at Hyundai Heavy

US floating LNG player Excelerate Energy has ordered a floating storage and regasification unit (FSRU) at South Korea’s Hyundai...

No bids in Pakistan LNG’s tender for 72 shipments

State-owned Pakistan LNG said it had received no offers for its latest tender seeking bids for a total of...

Eneva, NFE wrap up Brazilian LNG power plant deal

Brazilian energy company Eneva has closed its previously announced deal with US LNG firm New Fortress Energy and joint...

More News Like This

Singapore looking to add two more term LNG importers

Singapore is looking to add two more liquefied natural gas (LNG) term importers to boost competition and provide more...

GasLog pens three LNG carrier charter deals

Peter Livanos-led GasLog said it has signed charter deals for three LNG carriers, including for one vessel it ordered...

Singapore LNG, Linde Gas plan to build CO2 liquefaction facility

Singapore LNG is joining forces with a unit of Linde to look into building a carbon dioxide (CO2) liquefaction...

Singapore’s first LNG bunkering vessel gets green ship certificate from MPA

Singapore’s first LNG bunkering ship FueLNG Bellina, owned by Keppel Offshore & Marine and Shell, has received the Green...