{
  "id": 14432815,
  "title": "Singapore marine fuel supplier Equatorial eyes higher LNG bunker demand from 2028",
  "url": "https://urgent.news/2026/10/14/singapore-marine-fuel-supplier-equatorial-eyes-higher-lng-bunker",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T10:57:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/singapore-marine-fuel-supplier-equatorial-eyes-higher-lng-bunker-demand-from-2028"
  },
  "original_language": "en",
  "account": "Singapore's leading marine fuel supplier, Equatorial Marine Fuel Management, is planning to diversify its services by venturing into the liquefied natural gas (LNG) market, according to executives. The company, which already supplies about 10% of total bunker volumes in Singapore, intends to use part of its 2026 profits to fund this expansion, with a view to capitalize on the anticipated increase in LNG demand by 2028, executives said. The company was awarded an LNG bunker licence in late July, and is currently in discussions with LNG cargo suppliers and shipowners for potential collaboration. Equatorial expects to receive its first new-built LNG bunker barge in the third quarter of 2027. With the rise in LNG prices following the US-Israeli war on Iran, disrupting Middle Eastern exports, and the surge in LNG bunker sales in January to September 2026, the company sees this as a strategic move. The Maritime and Port Authority of Singapore reported that Equatorial's share of total bunker volumes at Singapore reached 4.7 million tons in 2026, showing the city-state's crucial role as a refueling hub. Despite a slowdown in marine biofuel demand due to a delay in the IMO's net-zero framework and current uncompetitive prices, Equatorial owns several fuel oil barges, marine diesel barges, and chemical bunker tankers for supplying conventional fuel.",
  "summary": "Armed with a new bunker licence, the company will get first LNG bunker tanker in late Q3 of 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}