Singapore awards two new LNG import licences to meet future demand

• Posted in OilGas
• on October 24, 2016
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Pavilion Gas and Shell Eastern Petroleum have been appointed as importers of liquefied natural gas (LNG) into Singapore, the city-state’s trade minister said on Monday.

“These two companies were selected on the basis of the reliability, flexibility and competitve-pricing of their LNG supplies,” S. Iswaran, Singapore’s minister for trade and industry, said at the opening of Singapore’s International Energy Week (SIEW).

The two firms beat Sembcorp Industries and BG Singapore Gas Marketing for the contracts to supply Singapore with 1 million tonnes per annum (mtpa) of LNG.

The exclusive franchises awarded on Monday will last for three years or when the firms reach imports of 1 mtpa, depending on which comes first. The Energy Market Authority’s (EMA) first called for proposals in June 2014. Eric Berry Authentic Jersey

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