Singapore Aims for Second LNG Import Terminal By End of Decade
- Facility will allow nation to meet its gas needs with just LNG
- Government is stepping-up efforts to secure fuel supply
A floating liquefaction vessel in Singapore.
Photographer: Sam Kang Li/BloombergThis article is for subscribers only.
Singapore aims to bring online a second liquefied natural gas import terminal by the end of the decade to enhance the city state’s energy security.
The additional terminal, to be developed and operated by Singapore LNG Corp., will allow the country to entirely meet its gas demand with LNG if necessary, according to a statement from the company. Singapore currently also imports natural gas from neighbors via pipelines.