Singapore awards two new LNG import licences
Singapore’s Energy Market Authority (EMA) has named ExxonMobil and Sembcorp as new term LNG importers, it said on March 25.
EMA said it has selected two new term LNG importers to enhance competition and give gas buyers in Singapore more options. ExxonMobil and Sembcorp were selected as their proposals were the most competitive amongst those that EMA received, it added. There are currently two term LNG importers in Singapore - Pavilion Energy and Shell.
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“Natural gas is one of the four switches in Singapore’s drive towards a more reliable, affordable and cleaner energy future,” EMA said. “It is the cleanest form of fossil fuel and is expected to be the dominant fuel for Singapore in the near future as we scale up our renewable energy options.”
Singapore currently has one LNG import terminal, operated by Singapore LNG.