Singapore to Build Second LNG Terminal

Singapore plans to build a second terminal for liquefied natural gas (LNG), as it aims to create a regional trading hub for the fuel, Prime Minister Lee Hsien Loong said on Tuesday.

The city-state – located strategically on the main shipping route between Europe and Asia – started commercial operations of its first LNG terminal in May last year with an initial capacity of 3.5 million tonnes per year (tpy).

A new storage tank that increases the capacity to 6 million tpy was officially opened on Tuesday. The terminal’s capacity will be increased to 9 million tpy in 2017, while another 6 million tpy can be added at the site, Lee said at the opening.

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