Lower LNG Prices Spark Oil-to-Gas Switching in Singapore

Capt. John

According to industry experts, fuel switching has become more prevalent in Singapore as LNG outcompetes VLSFO on price. Tankers equipped with dual-fuel engines capable of using both VLSFO and LNG are actively engaging in fuel switching, an analyst at Kepler told ENGINE.

Factors driving the shift 

Confidence in LNG as a bunker fuel has grown because of lower prices, which is partly because of a lower Japan Korea Marker gas price benchmark and reduced bunker delivery costs. Bunker delivery costs...


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