SLNG to call for tender first LNG Terminal Expansion
While the state-owned midstream company Singapore LNG Corporation Pte Ltd (SLNG) is still in the process to expand the first Singapore liquefied natural gas (LNG) import terminal through different phases, it is already considering further developments with the construction of a second LNG terminal around the Jurong Island.
In February 2014, Singapore Government officially inaugurated its first LNG regasification and import terminal on the Jurong Island.
Developed in phases, the first phase of the first Singapore LNG Terminal started operations in May 2013.
The construction of the second phase is currently in progress and should see the capacity of this first Singapore LNG Terminal increasing to 6 million t/y on first half 2014.
This Phase-3 of the Singapore LNG Terminal should include the addition of:
– Fourth LNG tank
– Regasification facilities of 3 million t/y.
It will still have space left to operate a total of seven tanks and 15 million t/y LNG regasification.
SLNG is planning to make the final investment decision for the first Singapore LNG Terminal Phase-3 on mid 2014 and award the engineering, procurement and construction (EPC) contract in following for commercial operations in 2017.
Singapore eyes Second LNG Terminal on Jurong Island
These fast-track projects to build up LNG regasification and storage capacity in Singapore are not so much driven by the domestic market demand than to by the opportunity to become Asia regional hub for LNG as it is for crude oil.
In addition Asia is becoming the first importer of LNG, ahead of Europe, in concentrating 46% of the global trade.
To be installed onshore or on floating facilities offshore the Jurong Island, this second LNG Terminal should have the same size as the first Singapore LNG terminal, but it should have in addition the capability to reload LNG carriers for export in the region.
Already oil and gas companies such as E.ON, Gail, Glencore, Pavilion Energy Qatar Liquefied Gas Co. have mentioned their interest to set local storage and trading capacities in Singapore to support their LNG export.
Currently Singapore LNG is investigating the most convenient location on the east side of the Jurong Island in order to prepare ground for this second Singapore LNG Terminal project that should come on stream by 2025.