May 2013 marked a significant milestone for Singapore's energy sector as the LNG Terminal received its first cargo and commenced (Mtpa) and this will increase to 6 Mtpa by the end of the year, when an additional tank and its related facilities are constructed.
Development of the S$1.7b Terminal began in 2010, and the first two tanks were completed on schedule and within budget. This project also saw over 14 million man-hours without any lost time incidents.
With the LNG Terminal operational, Singapore is now able to import gas from countries across the world. This will go a long way to help diversify our gas supplies and enhancing Singapore's energy security.
"Energy diversification is an important part of Singapore's strategy for energy security and resilience" said Mr S Iswaran, Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade & Industry, present at the arrival of the first commercial cargo at the Terminal. He added, "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."
With LNG set to play a larger role in our energy mix, EMA is currently consulting the industry on the framework for our future LNG imports, with the objectives of ensuring energy security and price competitiveness for Singapore gas buyers. The consultation will close by end July and we invite interested parties to provide your feedback to EMA at http://www.ema.gov.sg/cmsmedia/Consultations/Gas/3June2013-Post-3Mtpa_Consultation_2_Final_3_June_2013.pdf.