Singapore to Decide on Additional LNG Imports in 2012, SLNG Says
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Singapore will decide by next year how it wants to bring in future supplies of liquefied natural gas after its contract with BG Group Inc. ends, according to the chief executive of Singapore LNG Corp.
The country, which has an agreement to buy as much as 3 million metric tons a year of LNG from BG Group until 2023, will decide how to purchase additional supplies, Neil McGregor, who heads the authority in charge of building and operating Singapore’s first gas terminal, said in an interview in Singapore. The contract with BG can be extended by mutual consent, he said.