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SLNG seeks EOIs for new LNG storage tank

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LNG Industry,


Singapore LNG (SLNG) has announced that, as part of continuing efforts to develop Singapore as an LNG trading hub, it will be able to build a new LNG storage tank at its terminal.

As a result, the company is keen to explore interest in the market to underpin this facility. Therefore, SLNG has announced that it is seeking non-binding expressions of interest (EOIs) from interested parties for the use of a new LNG storage tank at its terminal.

SLNG claims that the EOIs should contain an indicative price offer and a proposal for how the tank could be used. In addition to this, SLNG’s preferred terms will form the key basis for considering any proposal. However, SLNG also claims that it is open to considering alternative proposals and different structures, so long as they meet the company’s objectives.

According to the statement, successful bidders will receive an invitation to take part in a full request for proposal (RFP) to be issued by SLNG at a later date, subject to the prior approval of the Energy Market Authority of Singapore. Any submitted proposal will be shared with the Authority.

Read the article online at: https://www.lngindustry.com/regasification/12122018/slng-seeks-eois-for-new-lng-storage-tank/

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Singapore LNG news