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Singapore opens applications for LNG floating storage unit licences

This will diversify LNG storage and reloading options, MPA said
Singapore opens applications for LNG floating storage unit licences
In 2022, Singapore chartered the 263,000 cubic metre Bauhinia Spirit, one of the world's largest floating storage regasification units, for six months. The vessel has LNG re-shipment and gas transfer capabilities and its specifications allow for the re-export of LNG and supply of LNG to neighbouring regions where the vessel is located.
PHOTO: MarineTraffic/Dino Ko

The Maritime and Port Authority of Singapore (MPA) has opened applications for licences to operate up to two liquefied natural gas (LNG) floating storage units (FSUs) in the Republic's anchorages.

Existing LNG bunker licensees may partner third-party terminal operators to provide the necessary storage and operational expertise, the authority said in a news release on Thursday (Nov 12).

It added that most of the FSU's storage capacity must be allocated for LNG bunkering and that there will be a minimum requirement for capacity that must be made available to other LNG bunker suppliers on open-access terms.

Those who wish to apply must own or charter at least one FSU with a minimum storage capacity of 130,000 cubic metre, is registered with the Singapore Registry of Ships and comply with MPA's safety and operational requirements.

They must also disclose to MPA the intended maximum fees chargeable for LNG reloading services.

In addition, FSUs must be certified under the International Sustainability and Carbon Certification European Union (ISCC-EU) framework to handle bio-LNG and e-LNG. 

"This will enable the infrastructure to support the supply of these lower-emission LNG alternatives as they become more widely available," said MPA, explaining that this supports international shipping’s decarbonisation efforts.

MPA will conduct a briefing on Dec 4 for companies keen to apply for the FSU licences, with details available on its website.

Applications will close on Feb 4, 2027.

The call for applications follows MPA’s award of eight new LNG bunker supplier licences in July 2026.

It is intended to support the continued growth of LNG bunkering services in Singapore and strengthen supply resilience.

The FSUs will complement the expanded supplier base by diversifying LNG storage and reloading options, MPA said.

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editor@asiaone.com 

 

 

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