Port of Singapore Calls Bids for LNG Bunkering
- Business & Finance
The Port of Singapore launched today its first Request for Proposal (RFP) for interested parties to apply for the Liquefied Natural Gas (LNG) bunker supplier licence, which would allow the licencee to supply LNG bunker to vessels in the Port of Singapore.
In their submissions to the Maritime and Port Authority of Singapore (MPA), applicants are to propose an end-to-end LNG bunkering supply solution that details their bunkering supply and delivery model, LNG sources and marketing plans for the sale of LNG to customers in the port.
Interested applicants for the RFP have until 30 September 2015 to submit their proposals to MPA. The port said that the shortlisted proposals will be announced by MPA by end of this year.
Last year, MPA announced commencing work on a pilot program with interested parties of the LNG bunker supply chain to establish operation protocols for LNG bunkering. MPA will also provide funding of up to S$2 million per vessel for up to six LNG-fuelled vessels for the pilot program.
Successful applicants of the RFP are expected to supply LNG bunker to support the LNG bunkering Pilot Program that is scheduled to commence in early 2017.
More details available here.