Shell and Keppel JV for Singapore LNG Bunkering
A shareholders agreement between KS Investments Pte Ltd (Keppel), a wholly-owned subsidiary of
Keppel Offshore & Marine Ltd, and Shell Eastern Petroleum (Pte.) Ltd. (Shell), a wholly-owned
subsidiary of Royal Dutch Shell plc, will lead to the formation of a Singapore incorporated joint
venture company (JVCO).
The JVCO follows the appointment in January this year by the Maritime and Port Authority of
Singapore (MPA), of Keppel Offshore & Marine Ltd, through its wholly-owned subsidiary KS
Investments Pte Ltd (KSI), and BG Group plc (BG Group) to supply Liquefied Natural Gas (LNG)
bunker to vessels.
The JVCO will establish a LNG bunkering business in Singapore, and its principal business activities
will be to supply LNG bunkering operations services in Singapore to ships and any other marine
vessels in the Singapore port and other related services.
The shareholding of Keppel and Shell in the JVCO will be 50% and 50% respectively.