Singapore to add new LNG term importers

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By Mirza Duran Singapore is looking to appoint two additional LNG term importers to boost competition and provide more options for gas buyers.

Image: Singapore LNG

The country has been steadily increasing LNG imports and re-exports since the start of its first and only facility at Jurong Island more than seven years ago.

Asia’s largest oil trading hub is also looking to become the leading LNG hub in the region and has lined up several new developments including bunkering.

Singapore’s Energy Market Authority said on Thursday it expects natural gas to be the dominant fuel in the near future as the country shifts towards renewable energy.

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