IE Singapore calls on oil & gas firms to grab LNG opportunities
It sees good prospects, given population growth and urbanisation, as well as a transition to cleaner fuels
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Nisha Ramchandani
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Singapore
OIL & gas companies should position themselves to tap growth in the liquified natural gas (LNG) sector as the oil & gas industry navigates a down cycle, according to International Enterprise (IE) Singapore.
"For Singapore companies serving the oil and gas sector today, LNG is an adjacent business," highlighted the chairman of IE Singapore, Seah Moon Ming. "Know-how can be adapted to meet project-based requirements related to both conventional and small scale LNG infrastructure, transportation and distribution. Singapore companies are also well-positioned to innovate solutions that can meet global standards."
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