The Maritime and Port Authority of Singapore (MPA) will issue licences to supply methanol as a marine fuel in the Port of Singapore from 1 January 2026.
The licences have been awarded to Global Energy Trading Pte Ltd, Golden Island Pte Ltd and PetroChina International (Singapore) Pte Ltd, following a Call for Applications launched in March 2025.
The three companies were selected from a total of 13 applicants based on supply chain reliability, operational readiness, safety systems and sustainability certification of the methanol to be supplied.
The licences will be valid for five years, running from 1 January 2026 to 31 December 2030, subject to the successful applicants meeting licensing conditions.
MPA said the five-year term is intended to support early market development by giving suppliers time to build capabilities, strengthen supply chains and anchor initial investments.
MPA said it will continue to review the licensing framework to incorporate operational experience, technological changes and evolving international standards, to ensure the framework remains practical, robust and aligned with global developments.
