Samsung C&T wins Singapore LNG expansion contract
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Singapore LNG Corp. Pte Ltd (SLNG) has awarded the Engineering, Procurement and Construction (EPC) contract for the Phase 3 expansion of the Singapore LNG terminal to Samsung C&T Corp.
The EPC contract, which is valued at approximately S$ 700 million, involves the further expansion of the LNG terminal to include a fourth LNG storage tank and additional regasification facilities. This expansion work will increase the LNG terminal’s send-out capacity from the current 6 million tpa to around 11 million tpa.
The fourth LNG storage tank will be the largest in the world at 260 000 m3. The LNG tank will be able to receive a full cargo load from a Q-Max carrier (which is currently the largest LNG carrier in the world).
Other key facilities to be added include a new terminal substation, additional open rack vaporisers (ORVs) and LNG booster pumps, and equipment to allow the correction of Wobbe Index of regasified LNG, where necessary, to meet Singapore's gas specifications.
John Ng, Chief Executive Officer Singapore LNG, said: "With this Phase 3 development, we are not just further enhancing energy security and boosting our ability to ensure undisrupted gas send-out to meet increasing domestic demand; we are also turning the next page of the Singapore LNG story, as we build up the Terminal's capacity to allow Singapore to respond to new business opportunities in the regional or global LNG markets.
Samsung C&T was awarded the contract following a very rigorous tender and evaluation process, based on the merits of their technical and commercial offer. We worked with Samsung in the earlier phases of construction of the Terminal, and they have proven to be a very professional and reliable partner. We are happy to be able to continue this partnership and we are confident that they will be able to deliver the same quality and reliability in the Phase 3 project".
Construction of Phase 3 is scheduled to begin by end 2014. The regasification facilities are expected to be completed by 2017, while the fourth LNG storage tank is expected to be completed by 2018. The LNG terminal's design also makes provisions for a possible future Phase 4 expansion, which may be considered at a later stage should the demand support the investment.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/regasification/27082014/samsung-wins-singapore-lng-expansion-contract-1280/
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