Steve Hill, executive vice president of global energy marketing and shipping at BG Group, 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.”
“LNG produces considerably lower emissions than conventional marine fuel and can significantly reduce a vessel’s environmental impact,” he added.
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.
The new venture builds on BG Group’s existing role as the exclusive aggregator of Singapore’s first three million tonnes per annum of LNG demand.
“The move into LNG bunkering is in line with Keppel’s strategy to provide solutions for the global LNG market, and we are happy to partner BG Group in this exciting new venture, said Chow Yew Yuen, chief executive officer of Keppel O&M.
He added: “As the exclusive gas aggregator for Singapore, BG Group has the experience of importing LNG into Singapore where they already have a ready supply on Jurong Island.”
Keppel O&M has also developed a range of designs for LNG vessels including barges, carriers, and dual-fuel tugs that can run on diesel and LNG.
Mr Yuen concluded: “Together with Keppel’s years of experience and expertise in servicing vessels including gas carriers, we will be able to provide strong support to MPA in its goal to develop Singapore into a key LNG bunkering hub in Asia.”
“As the shipping industry’s demand for green solutions continues to rise, we will also be able to help meet the needs for sustainable shipping with our growing LNG solutions, such as tug designs with dual-fuel diesel LNG engines and the retrofitting of vessel engines to run on LNG.”
Source: Green Port