Subscribe free to our newsletters via your
. Energy News .

Singapore now a gas hub
by Staff Writers
Singapore (UPI) May 8, 2013

Singapore's first liquefied natural gas terminal has received its first commercial cargo, putting the island country on course to become a major gas trading hub.

The Singapore Ministry of Trade said the $1.7 billion terminal will allow Singapore to access competitively priced gas globally.

The cargo, from BG Group, was sourced from Equatorial Guinea in Africa, Channel News Asia reports.

The two-tank plant will have an initial throughput capacity of 3.5 million tons per year. That is expected to increase to 6 mtp by the end of this year after a third tank, additional jetties and other plant facilities are completed. The LNG will be re-gasified before delivery to customers.

"We look forward to serving our customers and the nation in time to come as Singapore grows to become a gas hub for the region," said Neil McGregor, chief executive of Singapore LNG Corp., operator of the terminal, adding that the massive infrastructure was completed on time.

Construction on the facility began in 2010. The government announced the project in 2006.

While about 80 percent of Singapore's electricity is generated from natural gas as fuel, the government aims for electricity to be increasingly generated from gas-fired, combined-cycle power plants. Singapore has been relying on imports from Malaysia and Indonesia via pipelines.

"Energy diversification is an important part of Singapore's strategy for energy security and resilience," S Iswaran, second minister for Trade and Industry, said in a release. "The LNG terminal is a key infrastructure to achieve this objective. It will also contribute to the development of Singapore as a regional gas hub, catalyze LNG-related business opportunities and create new job opportunities for Singaporeans."

In a report in Singapore's The Edge, Singapore LNG Corp's McGregor said Singapore is ideally situated between the gas-exporting Middle East and gas importers such as China or Japan.

After making stops to those countries, ships will be able to refill in gas-producing areas such as Australia, Brunei or Indonesia, and trade with Singapore on their way to the Middle East.

While there will be as many as 50 LNG terminals across the region within the next few years, McGregor said "we will be the biggest and offer connectivity between all these ports."

The International Energy Agency has said that constraints to the development of gas markets in Asia, which is on course to become the world's second largest gas market, have included the region's lack of a trading hub to facilitate the exchange of natural gas.

While Malaysia, Indonesia and Thailand have existing terminals or facilities in the works, the Singapore terminal has the ability to import and export LNG, Max Gostelow, association editor of Asia LNG at Platts told CNA.


Related Links
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Chevron gets permit to look for shale gas in Romania
Bucharest (AFP) May 08, 2013
US oil giant Chevron obtained permits to explore for shale gas on Romania's Black Sea coast, the Environment Ministry said Wednesday, despite controversy about risks of the technique known as fracking. "The environment protection agency of Constanta county, in south-eastern Romania, has delivered seismic prospecting permits for the Costinesti and Vama Veche blocs," the ministry told AFP. ... read more

British lawmakers: Lack of clear policy hindering energy investment

EU lawmakers to vote on reform of 'polluter pays'

Researchers estimate a cost for universal access to energy

Environmental Labels May Discourage Conservatives from Buying Energy-Efficient Products

New Mechanism Converts Natural Gas to Energy Faster, Captures CO2

South Australia rocked by new clean energy technology

Chevron gets permit to look for shale gas in Romania

Dual-colour lasers could lead to cheap and efficient LED lighting

Scotland approves 640-foot prototype offshore wind turbine

Wind Power: TUV Rheinland Certifies HybridDrive from Winergy

Wales wind power line to go underground near historic village

UK Ministry of Defense Deems Wind Towers a National Security Threat

Helping to maximise the value of solar measurements

EU readies heavy tariff on China solar panels: source

China warns EU against protectionism on solar panels

Franklin Electric Releases Solar-Powered Pumping System

Czech CEZ power group reports jump in Q1 profit

India gives go-ahead to disputed nuclear plant

Supreme Court allows protest-hit Indian nuclear plant

Foreign Ownership Could Halt Licensing of South Texas Project Nuclear Reactors

Recipe for Low-Cost, Biomass-Derived Catalyst for Hydrogen Production

China conducts its first successful bio-fueled airline flight

Bugs produce diesel on demand

New input system for biogas systems

China launches communications satellite

On Course for Shenzhou 10

Yuanwang III, VI depart for space-tracking missions

Shenzhou's Shadow Crew

Organic vapors affect clouds leading to previously unidentified climate cooling

Pacific's Marshall Islands facing drought emergency

Merkel calls for redoubling of efforts to reach climate change treaty

Aid agency sounds alarm over Pacific islands' drought

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement