French oil major Total on Monday (15 March) said its achievement of being awarded a third Liquefied Natural Gas (LNG) bunker supplier license in Singapore reaffirms its commitment to contribute to the country’s ambition in becoming a key LNG bunkering hub for Asia.
The Maritime and Port Authority of Singapore (MPA) on 26 February awarded a third LNG bunker supplier license to Total Marine Fuels Private Limited for a five-year term starting 1 January 2022.
This achievement follows a 10-year agreement signed by Total back in 2019, to develop an LNG bunker supply chain in the port of Singapore.
It also underscores Total’s confidence in the role of natural gas for the global maritime industry’s energy transition and in its potential to further reduce carbon emissions from ships, through the development and future introduction of carbon-neutral bioLNG.
“We are proud to be awarded by the Maritime and Port Authority of Singapore the licence to supply LNG. Singapore, as the world’s largest conventional bunkering hub with a market share of 20 percent, is well positioned to become a major hub for LNG as a marine fuel,” said Alexis Vovk, President, Marketing & Services at Total.
“Asia’s demand for LNG bunkering is growing and the contribution of Singapore is of essence for the development of a global LNG bunkering market.
“Moving forward, Total will continue to step up investments to bring greater value to our integrated natural gas supply chain to customers serving this important region, ultimately contributing to our target of serving more than 10% of the global LNG bunker market.”
Total has actively invested in LNG infrastructure, to support its shipping customers’ uptake of LNG as a marine fuel.
Since November 2020, Total has been operating the world’s largest LNG bunker vessel, the Gas Agility, at the Port of Rotterdam. By 2022, the Total said it will launch another newly built LNG bunker vessel in Marseille (France), while serving the port of Singapore through a third one.
As part of its strategy to reduce greenhouse gases emissions in maritime transportation, Total has also chartered two VLCCs (Very Large Crude Carriers) and four Aframax-type vessels, all equipped with LNG propulsion, which will be delivered in 2022 and 2023 respectively.
Total’s active efforts to develop LNG bunkering for maritime transport are in line with its climate ambition to get to net-zero emissions by 2050, together with society. Furthermore, it embodies Total’s broader marketing strategy towards the industries it serves, focusing on solutions to reduce the carbon intensity of the energy products used by its customers worldwide.
Photo credit: Total
Published: 16 March, 2021
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