07 May 2012

 Cheaper LNG imports from US possible for Singapore

There is potential for Singapore - which has a free trade agreement (FTA) with the United States - to import some LNG from shale gas projects there at two-thirds the price it currently pays. According to Fereidun Fesharaki, chairman of Facts Global Energy, this is because the US liquefied natural gas imports - which could be of shorter tenure than the current 20- year LNG contracts - will be pegged to cheaper Henry Hub gas prices rather than present Asia oil-linked prices.

(The Business Times, 03 May 12)