Singapore powers up to be LNG hub
SINGAPORE’S efforts to become Asia’s hub for liquefied natural gas (LNG) are gaining steam with a raft of new initiatives.
On Wednesday, Minister for Trade and Industry (Industry) S Iswaran outlined more facets of a strategy that he said would increase the “vibrancy of the Singapore gas market and grow its regional footprint”.
One is to widen the supply options dramatically. Natural gas was imported from just Indonesia and Malaysia in the past, but will now also come from the United States, Australia, Norway, Russia, Qatar and Brunei.
Iswaran told the “Gas Asia Summit” at the Marina Bay Sands Convention Centre that the “diversity of supply will further strengthen our energy security”.
This week, Pavilion Gas and Shell were appointed to supply Singapore with the next tranche of LNG needed by power plants and industries in the country. This new source of supply is being made possible by the development of specially designed ships that can carry natural gas in liquefied form, as opposed to the traditional method via pipes from neighbours close by.
