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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek racing Exxon to build biggest LNG stash: Southeast Asia

Posted on 18 July 2013

A Temasek Holdings Pte unit is up against Exxon Mobil Corp. and Royal Dutch Shell Plc (RDSA) in a contest to fill storage that will hold three times as much liquefied natural gas as Singapore will consume this year.
The city-state‚Äôs Energy Market Authority is seeking proposals through the end of July for stocking a 9 million metric-ton LNG terminal. The threefold expansion will allow Singapore to offer last-minute deliveries, or spot cargoes, to buyers in Asia seeking an alternative to long-term contracts linked to oil………………………………………..Full Article: Source


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