Tuesday, June 18, 2013
Displaying 1 - 10 of 11 articles
Singapore’s first LNG terminal started commercial operation and received its first cargo, Singapore LNG Corporation said in a statement earlier this week. The LNG cargo was delivered by BG Group, which was awarded an LNG importer’s licence to import and sell up to 3 Mtpa of LNG. So far...
Singapore government owned Temasek Holdings has set up a company, Pavilion Energy, to invest in the liquefied natural gas (LNG) industry. Various media outlets report that Pavilion Energy plan to invest across the LNG value chain, such as LNG trading, exploration, storage, LNG shipping and...
For Asia’s high gas prices to come down, the region needs to develop a trading hub and facilitate a market which better reflects supply and demand fundamentals. Governments in the region need to work to allow markets to decide natural gas prices with minimal interference and through price deregulation...
Singapore’s LNG consumption is likely to hit 3 million metric tons by 2015, Steve Hill, BG Group’s vice president of global LNG and oil marketing, said at a conference in the city-state, Bloomberg reported. In another report Reuerts, citing S Iswaran, Second Minister for Trade...
RH Petrogas Limited has through its wholly-owned subsidiary, RHP (Mukah) Pte. Ltd., entered into a Production Sharing Contract (PSC) with Petronas for Block SK 331 onshore Sarawak. The Singapore based company will operate the block with an 80% participating interest, with the remaining 20% owned by...
Singapore will take up a feasibility study to see whether it should build a second liquefied natural gas (LNG) terminal to meet future needs. Business Times reports that the Energy Market Authority (EMA) has just called a tender for a consultant to carry the study out.. The regulator, in its tender...
Singapore says it will build another storage tank for liquefied natural gas (LNG), a government minister says. Speaking at the Gas Asia Summit in the city-state, industry minister S. Iswaran said the tank would increase storage capacity to 9 million tonnes per annum. This will be the...
Singapore plans to build a fourth storage tank for its liquefied natural gas (LNG) terminal by 2016-17, taking the total storage capacity to 9 million tonnes per annum, S. Iswaran, Second Minister for Trade and Industry told a conference on Wednesday, Reuters reported. The first two tanks of the terminal...
Singapore’s first liquefied natural gas (LNG) terminal is 80 per cent complete. Located on Jurong Island, the terminal will have a capacity of 3.5 million tonnes per annum. The $1.7 billion terminal is expected to become operational in the second quarter of next year. The Strait Times reported...
InterOil and Pacific LNG have inked an Head of Agreement with Gunvor of Singapore for supply of one million tonnes of LNG per year from the Gulf LNG Project Papua New Guinea. InterOil and Pacific LNG said that they were working to complete the negotiation and finalise a binding sale and purchases agreement...