13 Feb '12, 12pm

Singapore #LNG market to get boost:

SINGAPORE: Singapore's upcoming liquefied natural gas (LNG) terminal could boost the country's plan to become a regional, if not international, LNG trading hub. The S$1.7 billion terminal at Jurong Island, which will be operational by the second quarter next year, will also enhance Singapore's energy security. Come next March, the authorities will decide on the future direction of Singapore's LNG market structure. At 53 metres high, the tank has the capacity for 180,000 cubic metres of liquefied natural gas. When completed, the two tanks at the terminal will process 3.5 million tonnes of LNG annually to meet rising demand. The supply could go up to six million tonnes per annum by end-2013, when additional facilities are added. A third tank could also be ready by the first quarter of 2014. Spanning 30 hectares, this terminal is an important part of Singapore's plan to provi...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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