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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek, Exxon, Shell vying for top LNG project

Posted on 22 July 2013

A Temasek Holdings unit is up against Exxon Mobil Corp and Royal Dutch Shell plc in a contest to fill storage that will hold three times as much liquefied natural gas (LNG) as Singapore will consume this year.
The city-state’s Energy Market Authority is seeking feedback for stocking an LNG terminal with capacity of as much as nine million tonnes. 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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