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    Singapore discontinues LNG bunkering concessions

Summary

The incentives for FSUs, FSRUs and breakbulk activities in port will be discontinued with immediate effect. [Image: TotalEnergies]

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), News By Country, Singapore

Singapore discontinues LNG bunkering concessions

Maritime and Port Authority of Singapore (MPA) will discontinue concession for floating storage units and floating storage regasification units supporting LNG bunkering and breakbulk activities in port with immediate effect, it said on February 6.

“With adequate capacity for LNG bunkering, MPA will discontinue the 50% harbour craft port dues concession for floating storage units / floating storage regasification units supporting LNG bunkering and breakbulk activities in port with immediate effect,” it said.

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MPA said it has been working with the harbour craft and shipping community to build up the LNG ecosystem in Singapore to expand storage capacity and supply for LNG bunkering. This included grants for the construction of LNG-fuelled harbour craft and LNG bunker vessels.

“The delivery of Singapore’s first LNG bunker vessel, FueLNG Bellina in March 2021, has enabled ship-to-ship LNG bunkering to take place in port. The expected commencement of operations of Singapore’s second LNG bunkering vessel later this year will further boost Singapore’s LNG bunkering capacity,” MPA said.

The naming ceremony of Singapore’s second LNG bunkering vessel,  Brassavola,  was held at Sembcorp Marine’s flagship Tuas Boulevard Yard in Singapore last year.