Singapore Opens Licensing Round for LNG Floating Storage Units for Bunkering

The Maritime and Port Authority of Singapore has officially invited applications for licences to manage up to two liquefied natural gas (LNG) floating storage units (FSUs) within local anchorages. This initiative, which marks a significant development as Singapore opens its doors to expanded maritime energy infrastructure, follows the successful issuance of eight new LNG bunker supplier licences in July 2026. The authority aims to enhance storage and reloading capabilities to support the country's rising demand for LNG bunkering services.

Expanding LNG Infrastructure

Interested parties, including existing LNG bunker licensees, are eligible to apply, with the option to collaborate with third-party terminal operators. To qualify, applicants must own or charter at least one FSU featuring a minimum storage capacity of 130,000 cubic meters. Furthermore, the vessel must be registered with the Singapore Registry of Ships and strictly adhere to the authority's established safety and operational protocols. Operators are also required to disclose their maximum anticipated fees for reloading services to ensure transparency.

Operational mandates require that the majority of each FSU's storage capacity be dedicated to LNG bunkering, while a portion must remain accessible to other suppliers on open-access terms. Additionally, in line with sustainability goals, the vessels must hold certification under the ISCC-EU framework, enabling them to handle bio-LNG and e-LNG. A briefing for prospective companies is scheduled for December 4, with a final submission deadline set for February 4, 2027, at 5 PM Singapore time.

The MPA is offering up to two licences for floating storage units to support LNG bunkering in Singapore.

Why it matters

The introduction of these floating storage units is a strategic move to provide the necessary infrastructure for Singapore's expanding role as a major maritime hub. By increasing storage and reloading options, the authority is strengthening the supply chain for cleaner marine fuels, which directly impacts shipping companies and energy providers operating within the region.

This development is particularly relevant for the broader maritime sector in South Asia, as Singapore serves as a critical refuelling point for global trade routes. Enhanced LNG bunkering capacity ensures more reliable and efficient fuel availability for vessels transiting through these busy waters, supporting the industry's ongoing transition toward sustainable energy alternatives.