Singapore LNG supplier seeks more diverse customer base
Singapore’s appointed aggregator of Liquefied Natural Gas (LNG) demand, BG Group, is seeking out natural gas demand beyond power generation and has its eyes on petrochemical/refinery, electronics and pharmaceutical plants as potential customers. The company has already signed on a petrochemicals firm and is “in various stages of negotiations” with companies in the other categories, who might use LNG in manufacturing processes or their own cogeneration plants. Some of these companies are already using natural gas to fuel in-house cogeneration plants and already have LNG supply, but may need to find extra sources in future.
BG Group was appointed in 2008 to source and supply up to 3 million tonnes per annum (mtpa) to Singapore for 20 years. Singapore’s six generating companies are expected to sign a deal next week that effectively guarantees them a share of the electricity market in return for their commitment, which will help secure a new $1.5 billion LNG terminal project. BG Group will source most of its LNG from Australia’s Queensland Curtis due to its proximity to Singapore.
source & full article: Business Times Singapore
- World Bank Group to open office in Singapore
- Indonesia to give tax holidays to major foreign investors
- Singapore tightens conditions for foreign workers
- US$4.7bn in major gas projects approved for Indonesia
- Singapore may benefit from financial gloom: survey
- Tune Hotels to take budget hotel model to Australia
- Merger to create new Malaysian oilfields giant
- Infrastructure, construction boom in Southeast Asia: Reuters
- Temasek, Khazanah team up for Singapore-Malaysia developments
- Singapore’s job market heavily weighted in workers’ favor