Singapore's $1.7b liquified natural gas terminal kicks off commercial operations

It got its first cargo.

According to a release, Singapore’s Liquefied Natural Gas (LNG) terminal receives its first commercial cargo and commences commercial operations.

The decision to build the Terminal on Jurong Island was made in 2006. Construction of the S$1.7b terminal began in 2010, and the first two tanks with regasification facilities are now completed on schedule and within budget. The Terminal will enable Singapore to access competitively priced gas globally, bringing benefits to consumers and unlocking opportunities for businesses.

After witnessing the arrival of the first commercial cargo at the Terminal, Mr S Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade & Industry, said, “Energy diversification is an important part of Singapore’s strategy for energy security and resilience. The LNG terminal is a key infrastructure to achieve this objective. It will also contribute to the development of Singapore as a regional gas hub, catalyse LNG-related business opportunities and create new job opportunities for Singaporeans.”

The LNG terminal will have an initial throughput capacity of 3.5 million tonnes per annum (Mtpa) with two tanks. This capacity will increase to 6 Mtpa by the end of 2013 when the third tank, additional jetties and regasification facilities are completed. Plans were announced in October 2012 for a fourth tank and associated regasification facilities to be added to the terminal, to raise its throughput capacity to 9 Mtpa.