Singapore-based Pavilion Energy, a Temasek company, and U.S. energy giant ExxonMobil are collaborating to develop solutions for liquefied natural gas (LNG) bunkering and other downstream developments in Singapore.
“Together, we hope to embark on a journey of learning and establishing LNG bunkering procedures starting with truck to ship LNG deliveries,” Pavilion Energy’s CEO, Seah Moon Ming told the 8th World LNG Series: Asia Pacific Summit on Tuesday .
This initiative will also help test and improve the safety and operational standards for LNG bunkering in Singapore which Pavilion Energy is a key partner with the Maritime and Port Authority of Singapore, SPRING Singapore and representatives of the Maritime industry, the CEO said.
“Since being appointed as one of the two licence holders for the MPA Bunker Supplier Licence in January 2016, Pavilion Gas continues to work closely with MPA as well as other major shipping and oil & gas companies to explore both short and long-term LNG bunkering opportunities.”
As part of MPA’s LNG bunkering pilot programme in Singapore, Pavilion Energy is working with local shipowners to introduce up to two LNG dual-fuelled vessels that will deliver conventional bunker fuels to vessels in the port of Singapore.
This effort is also supported by the company’s partnerships with Japanese shipping companies and trading houses, Seah said.
Last month, Pavilion Energy signed a memorandum of understanding with Indonesia’s Pertamina on energy cooperation.
The scope of collaboration included exploring opportunities in small-scale LNG projects as well as joint marketing, trading and procurement.
“We see these opportunities as mutually beneficial. With more regional collaboration, the market potential for small-scale LNG will be clearly evident, as economies in the region look to replace diesel with cleaner and cheaper natural gas,” Seah said.
According to the CEO, Singapore enjoys good geographical location from which larger LNG carriers could break-bulk and re-load onto smaller regional barges for “milk-run” LNG deliveries.
“Once all stakeholders along the regional supply chain work together to tighten the economics, I am confident a new business of small-scale LNG supply and deliveries can be launched,” he said.
LNG World News Staff