EMA appoints board and officers for Singapore LNG

Move pushes SLNG forward towards a full-fledged liquefied natural gas business enterprise.

It has been about a year since the Energy Market Authority (EMA) established the Singapore LNG Corporation Pte Ltd (SLNG) to take over the ownership and development of the Liquefied Natural Gas (LNG) Terminal. Since then, SLNG has reached several key milestones in the development of the project, including the groundbreaking of the terminal and the conclusion of key commercial agreements underpinning the project, according to an EMA report.

To take the company forward, EMA announced the appointment of the Chairman, Board of Directors and Chief Executive Officer of SLNG. With the Chairman/Board and CEO in place, SLNG will now begin its transition from project development and move towards a full-fledged LNG business enterprise.

Chairman/Board of SLNG
The SLNG Board will be chaired by Mr Bob Tan. Mr Tan is the Chairman of Jurong Engineering Limited and the Chairman of the Institute of Technical Education of Singapore. He is also the Vice-President of the Singapore National Employers Federation.

The other members of SLNG’s Board are:

• Mr Chong Yee Leong - Partner, Head of International Arbitration and infrastructure, Rajah & Tann LLP
• Mr Koh Kheng Siong - Audit Committee Chairman, SIA Engineering Company
• Mr Neil McGregor - Chief Executive Officer, Singapore LNG Corporation Pte Ltd
• Mr Ong Boon Hwee - Chief Operating Officer, Singapore Power Limited
• Mr Lawrence Wong - Chief Executive, Energy Market Authority

On his appointment as SLNG’s new CEO, Mr McGregor said, “Our immediate priority will be the execution and on-time delivery of Singapore’s first LNG Terminal. I am looking forward to working with the Board and our widening customer base to grow the LNG Terminal’s business in the future. In that regard, we have already started to focus on our organisational build-up to be ready for operations in 2013. In the long run, our aim is to develop this platform not only to meet Singapore’s needs, but eventually for the LNG Terminal to become a gateway for LNG in Asia thereby becoming a Gas Hub for the Region.”

Noting the importance of the LNG Terminal in enhancing Singapore’s energy security and creating new economic opportunities, Mr Lawrence Wong said, “As trustee shareholder of SLNG, EMA has been directly overseeing the LNG project over the past year. Now that the project has reached its key milestones, it is timely to put in place new arrangements for the governance and management of the company. I am confident that the Chairman, Board members and CEO will provide the necessary experience and leadership to take the business on to the next stage of development.”