Global Petro Storage has signed an agreement with turnkey service provider & EPC company SSB Cryogenic Services to expand and develop small-scale LNG supply chain solutions in Southeast Asia.
With a global push for cleaner energy sources together with the IMO 2020 sulphur fuel cap announcement, both companies recognise the potential and opportunities in LNG bunkering, intermediate storage and break bulking activities, as well as the increasing need for LNG supply chain solutions.
The collaboration aims to promote transportation, distribution and storage of small-scale LNG to locations with limited access to energy sources due to inadequate distribution infrastructures and poor interconnectivity of gas pipelines.
Smaller scale supply solutions, via small-scale LNG membrane vessels, satellite hubs and ISO tanks make it inherently suited to locations where the demand for energy sources is not adequately serviced.
Peh Lam Hoh, managing director of SSB Cryogenic Services, says: ‘As part of the collaboration, SSB will identify and introduce project opportunities to GPS. GPS, with an extensive knowledge in the energy industry and specialising in project investment and asset management, will own and operate the assets and infrastructures.
‘From LNG liquefaction, bunkering, intermediate storage and break-bulking solutions, to project financing support and investment of LNG-related opportunities as well as the execution in the LNG last mile solutions will provide a platform to enhance our capabilities and value proposition.’
GPS CEO Eric Arnold adds: ‘GPS believes that gas is the fuel of the future and thus is focused on developing optimal onshore and/or offshore infrastructure needed to allow suppliers to access the respective demand centres.’