Singapore aiming to have second liquefied natural gas terminal by end of decade

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Singapore aiming to have second liquefied natural gas terminal by end of decade
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A second terminal will better allow Singapore's demand for natural gas to be met by liquefied natural gas, which is less restrictive in terms of storage and transportation than its gaseous form.

Singapore aims to have a second liquefied natural gas terminal operational by the end of the decade to further enhance the country's energy security.

Deputy Prime Minister and Finance Minister Lawrence Wong made the announcement during SLNG's 10th-anniversary gala dinner on Tuesday at the Sands Expo and Convention Centre, Marina Bay Sands. Mr Wong said the current terminal has"throughput capacity of about 10 million tonnes per annum", and that peak utilisation this year was at 60 per cent. However, demand for LNG is expected to grow, with Mr Wong adding that Singapore will likely need more natural gas in the medium term as the economy continues to grow.

Mr Wong warned of"continued disruptions in the global energy market", with a standby LNG facility operated by SLNG to guard against sudden disruptions to energy supplies. LNG allows the country to import natural gas from anywhere in the world, hence ensuring Singapore's energy security.

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