Singapore opens applications for LNG floating storage unit licences to ‘strengthen supply resilience’
Applicants must own or charter at least one FSU with a minimum storage capacity of 130,000 cubic metres
The Maritime and Port Authority of Singapore (MPA) has announced the opening of applications for licences to operate liquefied natural gas (LNG) floating storage units (FSUs) in the country's anchorages. This move aims to strengthen supply resilience and expand LNG storage and reloading options for suppliers. Applicants must own or charter at least one FSU with a minimum storage capacity of 130,000 cubic metres, and the vessel must be registered with the Singapore Registry of Ships.
The licences will be valid for five years, and applicants must disclose the intended maximum fees for LNG reloading services to the MPA. The briefing for interested companies is scheduled for December 4, with applications due by February 4.
Brief written by urgent.news from The Business Times - Companies & Markets's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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