Singapore to Build Second LNG Terminal

MarineLink.com
Tuesday, February 25, 2014
Singapore Prime Minister Lee Hsien Loong

Reuters - Singapore plans to build a second terminal for liquefied natural gas (LNG), as it aims to create a regional trading hub for the fuel, Prime Minister Lee Hsien Loong said on Tuesday.

The city-state - located strategically on the main shipping route between Europe and Asia - started commercial operations of its first LNG terminal in May last year with an initial capacity of 3.5 million metric tons per year (tpy).

A new storage tank that increases the capacity to 6 million tpy was officially opened on Tuesday. The terminal's capacity will be increased to 9 million tpy in 2017, while another 6 million tpy can be added at the site, Lee said at the opening.

"But that is the limit because of land constraints, hence we will also build a second LNG terminal," he said, adding that potential sites in eastern Singapore are being studied.

The new terminal will also support industrial sites and power plants, the prime minister said.

Singapore aims to position itself as an LNG trading hub for Asia as it is located between producers such as Indonesia, Malaysia and Australia, and countries with growing demand such as China, India and Thailand.

Several global players, such as GDF Suez, BP and Statoil, have already set up LNG trading desks in the city-state over the last several years.

(Reporting By Jacob Gronholt-Pedersen; Editing by Pravin Char)


Ports

Charleston Handles Its Largest Ever Containership

The South Carolina Ports Authority (SCPA) welcomed the 10,700 TEU APL Yangshan, the largest containership ever to call the Port of Charleston.   “The deployment

Krishnapatnam Port, Maersk Launches Mainline Service for China

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Fuels & Lubes

Alfa Laval Debuts FlowSync

Flow optimization of the separator feed increases protection from cat fines while decreasing energy use. The new Alfa Laval FlowSync is a single solution for automatic flow control,

Klüber to Present New EALs at SMM

“Closer to you” is the motto, under which Klüber Lubrication will be presenting its latest environmentally acceptable lubricants (EALs) for ships and offshore installations at the SMM 2016.

ABB Launches Torque Monitoring System

ABB has launched a new torque monitoring system called Torductor Marine, which is aimed at optimizing engine and fuel efficiency in the maritime sector. The new

LNG

BV Classes First LNG-fuel Oil/Chemical Tanker

Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at Avic Dingheng,

SK Shipping Selects 5X72DF for LNG Carriers

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

News

Abu Dhabi Ship Building Commissions First Floating Dock

Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering.

NAT Names 2 New Tankers in South Korea

wo new tankers, Nordic Star and Nordic Space, were named August 24 for owner Nordic American Tankers Limited (NAT).   NAT founder and chairman Herbjørn Hansson was present at the naming ceremony,

Wounded Lobsterman Medevaced near Cape Cope

An injured lobsterman was medically evacuated by U.S. Coast Guard helicopter crew Tuesday roughly 130 nautical miles east of Cape Cod.   At about 10:15 a.m.,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0997 sec (10 req/sec)