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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek to assist in turning Singapore into a LNG hub

Posted on 11 July 2013

Energy security is important to the island country of Singapore. Singapore is determined to become a regional liquefied natural gas (LNG) hub. Already, Singapore is one of the world’s biggest centers for bunkering (fueling of marine vessels).
Singapore’s Energy Market Authority formed the Singapore LNG Corporation to assist in building and operating Singapore’s first LNG terminal on Jurong Island. In May 2013, Singapore LNG Corporation received its initial contract cargo of LNG from BG Group Plc. Back in 2008, BG Group agreed to export LNG to the Energy Market Authority for up to 20 years………………………………………..Full Article: Source


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