25 October 2012
Singapore building fourth LNG tank on Jurong Island
When completed in 2016-17, then the terminal will be able to handle 9m tpa
IN anticipation of fast growth in the liquefied natural gas market, Singapore has decided to go ahead and build a fourth tank costing a further $500 million at the $1.7 billion Singapore LNG (SLNG) terminal on Jurong Island, even as it deliberates plans for a fifth tank.
This steady development of LNG structure - described by Minister in the Prime Minister's Office S Iswaran as a "calibrated step in the way we respond to the market and how things evolve not just in Singapore but also internationally" - is part of the government's long-term strategy, which could see a second LNG terminal built here.
One thing is clear: Singapore is preparing for a future with more liquefied natural gas as part of its fuel or energy mix….Announcing the latest investment at the Gas Asia Summit yesterday, Mr Iswaran, who is also Second Minister for Home Affairs and Trade & Industry, told reporters that when the fourth tank comes on stream around 2016-2017, it would enable the SLNG terminal to handle 9 million tonnes per annum (tpa) of LNG.
-Business Times