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Singapore To Get LNG From Shell, Pavilion Gas This Year

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Liquefied natural gas ( LNG ) shipments into Singapore by Shell Eastern Petroleum and Pavilion Gas will start sometime in 2017, the country's Trade Minister S. Iswaran told the local press on Wednesday, paving the way for the companies to build on franchises awarded in October of last year that cover a three-year period or 1 million metric tons annually, whichever comes first.

The shipments will replace dwindling supplies from Malaysia and Indonesia and build on infrastructure built by the wealth city-state to act as a storage hub by the Singapore LNG (SLNG) "This is a business area that will grow with the completion of a fourth tank at SLNG by 2018, which will increase our storage capacity by 260,000 cubic meters, to a total of 800,000 cubic meters," Iswaran was quoted as saying.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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