Singapore’s first liquefied natural gas (LNG) terminal has been officially opened by Prime Minister Lee Hsien Loong at a ceremony held at the Terminal on Jurong Island.
The S$1.7 billion terminal is owned and operated by Singapore LNG Corp. Pte Ltd (SLNG). The LNG terminal allows Singapore to import natural gas from around the world, thereby ensuring the security of supply sources to meet Singapore’s current and future energy demand. In 2013, more than 90% of the electricity in Singapore was generated using natural gas.
To date, some 18 LNG vessels have called at the LNG terminal, delivering more than 56 million Btu (approximately 1.08 million t) of LNG to Singapore. The LNG, from BG Group’s portfolio, has been supplied from a number of sources including Equatorial Guinea, and Trinidad and Tobago.
Singapore LNG hub
The LNG facility, which is designed to serve multiple terminal users, has the potential to support the growth of Singapore’s LNG sector, and the development of Singapore as a LNG hub for the region. It will help to catalyse LNG-related business opportunities and create new jobs in the energy sector. These include LNG trading, bunkering and vessel cool-down services.
Update: future terminal development
The Singapore LNG terminal began operations in May 2013 with two storage tanks and an initial throughput capacity of 3.5 million tpa. The third tank and additional regasification facilities have been completed and are now operational, increasing the throughput capacity of the terminal to 6 million tpa. The secondary jetty is expected to be completed by the end of March 2014.
Plans are underway for the next phase (‘phase 3’) of expansion of the LNG terminal, which will see the addition of a fourth tank and more facilities to bring the LNG terminal’s throughput capacity up to at least 9 million tpa. SLNG has started the tender process to select a suitably qualified contractor and the final investment decision, including the award of the Engineering, Procurement and Construction (EPC) contract, is expected in the second quarter of 2014.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25022014/singapore_lng_terminal_officially_opened-_214/