Gas
ExxonMobil expands LNG bunkering operations
Energy major ExxonMobil has secured a liquefied natural gas bunkering license in Singapore to supply marine fuels.
Key points
- ExxonMobil received an LNG Bunkering Supplier License from the Maritime and Port Authority of Singapore.
- First LNG bunker vessels commissioned by the company are expected to enter service in 2027.
- Studies indicate LNG can reduce lifecycle greenhouse gas emissions by up to 23 percent compared to conventional marine gas oil.
What happened
Energy Connects reported that ExxonMobil has extended its integrated liquefied natural gas value chain into the marine sector after securing an LNG Bunkering Supplier License from the Maritime and Port Authority of Singapore. The company plans to leverage its supply portfolio spanning major regions such as Australia, Papua New Guinea, Qatar, Mozambique, and the United States.
According to the company, new LNG bunker vessels are currently on order and scheduled to begin operations in 2027. Kevin Shen, LNG Bunkering Business Venture Manager, stated that securing the license marks an important milestone in supporting the global shipping industry.
Why it matters
As shipping companies face stricter regulations regarding greenhouse gas emissions, LNG is emerging as a prominent alternative fuel. Industry studies suggest that utilizing LNG can decrease lifecycle greenhouse gas emissions by approximately 23 percent compared with conventional marine gas oil, depending on engine specifications and operating conditions. ExxonMobil's entry into the market connects its global production and trading capabilities directly with marine fuel delivery.
What comes next
With its new bunker vessels entering service in 2027, the company aims to meet rising international demand for lower-emission marine fuels. The broader industry continues to adapt to a multi-fuel future where established supply chains and existing infrastructure play a central role in fleet compliance.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
