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GAS HUB

S'pore leads in race to be Asian LNG hub, says ex-Tokyo official

Former advisor to Shinzo Abe cites Republic's geographical location and experience with setting up commodity hubs
Thursday, October 27, 2016 - 05:50

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Mr Toyoda says that for the gas market to grow further, an Asian LNG price has to be established - but it has to be one that is delinked from the price of oil, which is too volatile and makes Asian buyers wary about raising their level of consumption of LNG.

Singapore

SINGAPORE has taken the lead in the race to be an Asian hub for liquefied natural gas (LNG), a former senior Japanese government official has said.

By Masakazu Toyoda's reckoning, the Republic has pipped its closest rivals Shanghai and Tokyo to emerge as the lead

sentifi.com

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