The dynamic LNG market

With the rapid growth of LNG as an energy source, the Sea Asia LNG Forum 2018, which was organised by Seatrade and the Singapore Maritime Foundation during Singapore Maritime Week, featured in-depth discussions on the macro outlook of LNG production and demand, shipping and regasification solutions and downstream markets including the development of small-scale LNG and LNG bunkering.

During the one-day forum on April 24, Angus Campbell, BSM Corporate Director for Energy Projects, shared his views on the panel session focusing on LNG bunkering and small-scale LNG. Topics that were covered included the development of LNG bunkering standards; an overview of existing and planned LNG bunkering ports globally; the challenges of building an adequate fleet of LNG bunker tankers to meet demand and growth of small scale LNG, LNG in the Asian region; expertise to handle growth in use of LNG in shipping; technical developments with engines and containment systems.

Angus presented key commercial and technical considerations made by BSM before deciding on its LNG bunker vessel project with Babcock International and the Company’s collaboration with Blue LNG. He emphasized the significance of building up a strong expertise to handle LNG-fueled vessels, identifying similarities and differences required for such vessels versus conventionalfueled vessels, as well as the similarities and differences in operating large LNG carriers versus LNG bunker vessels and small-scale LNG carriers.