Singapore LNG terminal to call for proposals to take up spare capacity

Singapore

SINGAPORE LNG, which owns and runs the liquefied natural gas (LNG) terminal on Jurong Island, will be calling for proposals later this year to use its spare capacity as it anticipates the completion of its fourth tank by next year.

This is part of a range of activities that Singapore is embarking on to create new options and possibilities for the sector in the region, Minister for Trade and Industry (Industry) S Iswaran said on Tuesday.

Noting that there has been interest from a number of companies to use the spare capacity at the LNG terminal for storage and reload services, Mr Iswaran said it is a business area that will grow with the completion of…