01 Mar '13, 8am

Singapore Trumps Shanghai as Asia's Future LNG Hub, IEA Says - Businessweek

Shanghai, with a more extensive pipeline network and bigger domestic demand for natural gas than Singapore, still loses out as a future trading hub in Asia because China lacks market-oriented policies, according to the International Energy Agency. Singapore is poised to become a maritime gas-trading hub in two to three years, Laszlo Varro, the IEA’s head of coal, gas and power, told reporters today in Singapore. While the city- state is currently connected by pipeline to neighboring Malaysia and Indonesia, further development of trading volumes would involve liquefied natural gas, he said. “If China had as liberal a market in the energy sector as Singapore, my prediction would be that Shanghai’s prospects are better,” Varro said. “In the case of Singapore, you have good- enough geographical fundamentals and supportive market-based policies.” Singapore is building an LNG te...

Full article: http://www.businessweek.com/news/2013-03-01/singapore-tru...

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