Total reinforces its commitment to developing Singapore into a major LNG maritime hub for Asia, says a press release published on their website.
License awarded by MPA
The Maritime and Port Authority of Singapore (MPA) has awarded a third Liquefied Natural Gas (LNG) bunker supplier license to Total’s subsidiary in charge of worldwide bunkering activities, Total Marine Fuels Private Limited, for a five-year term starting January 1st, 2022.
Total’s commitment acknowledged
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 reaffirms the Company’s commitment to contribute to the country’s ambition in becoming a key LNG bunkering hub for Asia.
Confident in its role
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 bio LNG.
Major hub for LNG as a marine fuel
“We are proud to be awarded by the Maritime and Port Authority of Singapore the license 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,” underlined 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 of 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.”
LNG infrastructure investments
The total has actively invested in LNG infrastructure, critical to supporting 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.
LNG bunker vessel launch
By 2022, the Company will launch another newly built LNG bunker vessel in Marseille (France), while serving the port of Singapore through a third one.
GHG emissions reduction
As part of its strategy to reduce greenhouse gas emissions in maritime transportation, Total has in parallel 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.
Net-zero emissions by 2050
Total’s active efforts to develop LNG bunkering for maritime transport are in line with the Company’s 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.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Total
