Asia/Pacific News
Singapore Needs More LNG for its Growing Economy
Singapore LNG Corporation Pte Ltd (SLNG) says it will expand the capacity of its liquefied natural gas (LNG) regasification terminal, which is scheduled to open next year, from 6 million tonnes per annum (mtpa) to 9 mtpa with the construction of a fourth tank at the Jurong Island facility.
According to Platts, Minister in the Prime Minister's Office S Iswaran said the expansion will enhance the nation's LNG security.
"The demand for gas is expected to grow in tandem with our economy in the years ahead," he said.
SLNG has awarded WorleyParsons Pte Ltd (WorleyParsons) a contract to define the scope of the expansion, which will allow for the development of a capital costs estimate for the expansion.
The final investment decision for the construction will take place in the second quarter of 2013.
"The design to be delivered by WorleyParsons will also explore possible future expansions, including the feasibility of a fifth and subsequent tanks," said Neil McGregor, SLNG's CEO.
"In recent times, our team in Singapore, in collaboration with global experts, has achieved a market leader status in the design of onshore and floating LNG regasification facilities," said WorleyParsons CEO Andrew Wood.
"We are looking forward to bringing this experience to the fore and working closely with the SLNG team to provide a design solution which caters to the future expansion."
The terminal is scheduled to begin operations in the second quarter of 2013, beginning with a throughput capacity of 3.5 mtpa and expanding to 6 mtpa by the end of the year.
