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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Keppel O&M inks deal to offer GTT systems for LNG bunker vessels

Raises question whether JV LNG bunker barge will be one of first to be supplied with GTT systems under new licence.

Image credit: Unsplash

Updated on 18 Sep 2018 08:39 GMT

Keppel Offshore & Marine's (Keppel O&M) network of yards is to be licensed as an outfitter to offer LNG systems developed by Gaztransport & Technigaz (GTT) for the equipment and maintenance of LNG bunker vessels, in addition to LNG-fuelled vessels, LNG carriers and floating storage and regasification units (FSRUs).

It follows the signing of a Technical Assistance and Licence Agreement (TALA) between both firms.

GTT systems for jointly owned LNG bunker vessel?

In theory, the latest licence agreement with GTT means that Keppel O&M would be able to fit GTT LNG systems aboard its new joint venture LNG supply vessel.

As previously reported, Keppel O&M has joint ownership - with Shell - of Singapore LNG bunker supplier FueLNG. Together with Pavilion Gas, they were the only companies to be awarded an LNG bunker supplier licence by the Maritime and Port Authority of Singapore (MPA) back in 2016.

FueLNG is due to begin construction of its first LNG bunker vessel in January 2019. Delivery is slated for 2020, with the American Bureau of Shipping (ABS) confirmed on Monday as the entity that will be tasked with classing the barge.

LNG experience

Having completed its first LNG carrier repair in 1990, Keppel O&M has extensive experience in the development of cryogenic solutions across the LNG chain.

Keppel O&M's expertise and experience in GTT's systems began in 2004 when Keppel Shipyard became an approved repair yard for ships equipped with GTT membrane systems. This was extended in 2014 when Keppel Singmarine signed a license agreement for newbuilds.

Commenting on the licence agreement, Philippe Berterottiere, Chairman and CEO of GTT, said: "We are pleased to widen our partnership with Keppel and provide them with a broader range of LNG solutions. GTT's technologies make it possible to build LNG carriers able to meet the growing demand for LNG supply along the coasts and up the rivers of Island nations. By adopting our membrane technologies, Keppel O&M will be able to design optimized ships in terms of capacity, size and draught."

Abu Bakar, Managing Director (Gas & Specialised vessels) of Keppel O&M, remarked: "This is a win-win partnership with GTT as it will allow us to offer more comprehensive LNG solutions to our respective customer base, across our global network of operations.

"With GTT's proven LNG containment technology and Keppel's track record in specialised shipbuilding as well as LNG expertise, we will be able to provide safer, more efficient and economical solutions for sustainable power generation."

Related Links:

ABS to class FueLNG's 'milestone' bunker barge for Singapore
FueLNG and Pavilion Gas awarded S$6m to build LNG bunker vessels
FueLNG completes first commercial LNG bunker delivery in Singapore

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