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    Singapore seeks more term LNG importers

Summary

At present LNG term importers are ExxonMobil, Pavilion Energy, Sembcorp and Shell.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, Singapore

Singapore seeks more term LNG importers

Singapore’s Energy Market Authority (EMA) has issued a request for proposal to appoint up to two additional term LNG importers, it said on May 19.

“This will complement the current four term LNG importers to enhance competition and provide more options for gas buyers,” EMA said. At present LNG term importers are ExxonMobil, Pavilion Energy, Sembcorp and Shell.

According to EMA, natural gas is one of four switches in Singapore’s transition towards a more reliable, affordable and cleaner energy future. Natural gas is used to produce around 95% of Singapore’s electricity, and will continue to be a dominant fuel for electricity generation, it said. The other three switches are being scaled up – solar, regional power grids and low-carbon alternatives.

Interested parties are invited to submit proposals which will be evaluated based on their ability to provide reliable, secure and competitive supply of LNG to Singapore. Proposals must be submitted by July 8, 2022.