Singapore plans to lift LNG supplier cap [News]
By Yvonne Chan, Channel NewsAsia, 30 Oct 2013.
Singapore is looking to increase its supply of Liquefied Natural Gas (LNG) imports to meet growing electricity demands.
With demand for LNG staying robust, Singapore looks set to lift a moratorium on new piped natural gas imports.
Experts said this move, though still at an early stage, would most likely enhance Singapore’s competitiveness in the global LNG arena.
There may soon be more than one sole supplier of LNG to Singapore. British-based BG Group currently has that exclusive franchise.
Singapore’s LNG Terminal received its first tranche of LNG on May 7 this year.
According to Neil McGregor, chief executive officer of Singapore LNG, the LNG Terminal currently has a capacity of three million tonnes per annum.
This will be increased to 6 million tonnes per annum by the end of the year, and to 9 million tonnes per annum by the end of 2016 or the beginning of 2017.
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Source: Channel NewsAsia