|ExxonMobil confirms Pavilion Energy LNG bunkering partnership|
|News was originally announced by Pavilion Energy's CEO last month.
|Updated on 04 Oct 2016 10:15 GMT
|ExxonMobil officially confirmed on Monday that it is collaborating with Pavilion Energy Pte Ltd to develop solutions for liquefied natural gas (LNG) bunkering and other downstream projects in Singapore. The news was originally announced by Pavilion Energy's CEO during a speech on 21st September.
"With LNG growing in significance as part of the marine fuel mix, ExxonMobil is working toward providing vessel operators with access to a range of fuel options to suit their specific requirements, while helping them to comply with emission regulations," ExxonMobil said in a statement.
"ExxonMobil brings to this partnership strengths in LNG shipping and terminal operations. ExxonMobil will support Pavilion Energy in establishing LNG bunkering procedures starting with truck to ship deliveries, as well as the safety and operational standards for LNG bunkering in Singapore. This cooperation supports the LNG bunkering initiative of the Maritime Port Authority of Singapore," the oil major added.
In ExxonMobil's 'The Outlook for Energy: A View to 2040', the report forecasts that LNG will be a growing part of the bunkering fuel mix, supplementing rather than replacing the current fuels line-up.
"The collaboration with Pavilion Energy combines both companies' expertise, and is one of the steps we are taking toward establishing ExxonMobil's global LNG bunkering offer," said Nancy Carlson, vice president of aviation and marine at ExxonMobil Fuels and Lubricants.
"Our 40-year heritage in LNG and marine insights, alongside Pavilion Energy's dedicated approach, can help us to meet our vessel operators' growing demand for integrated marine fuel solutions. ExxonMobil is committed to ensuring that we continue to meet our customers requirements," she added.
In the Maritime and Port Authority of Singapore's (MPA) ranking of suppliers by volume in 2015, ExxonMobil Asia Pacific Pte Ltd was ranked 5th in a list of 59 suppliers in Singapore, up three places from the previous year. The four companies to be listed above them were Chemoil International Pte Ltd, BP Singapore Pte Ltd, Sentek Marine & Trading Pte Ltd and Transocean Oil Pte Ltd. Rival firm Shell Eastern Trading Pte Ltd, which recently established an LNG bunker partnership of its own with Keppel Corporation in Singapore, was ranked sixth.