ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) Pte Ltd Appointed as Term Liquefied Natural Gas Importers for Singapore
25 Mar 2021
The Energy Market Authority (EMA) has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) Pte. Ltd. as new term liquefied natural gas (LNG) importers for Singapore.
2. EMA licenses term LNG importers to ensure that their import and supply of regasified LNG to gas users in Singapore on a term basis (i.e. under Gas Sales Agreements with 1 year or longer duration) are competitive and reliable. There are currently two term LNG importers in Singapore - Pavilion Energy Singapore Pte. Ltd. and Shell Eastern Trading (Pte) Ltd.
3. To enhance competition and give gas buyers in Singapore more options, EMA conducted a competitive Request for Proposal (RFP) process to select up to two more term LNG importers. ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) Pte. Ltd. were selected as their proposals were the most competitive amongst those that EMA received.
4. Natural gas is one of the four switches in Singapore’s drive towards a more reliable, affordable and cleaner energy future. It is the cleanest form of fossil fuel and is expected to be the dominant fuel for Singapore in the near future as we scale up our renewable energy options. (Refer to Annex for more information on Singapore’s vision to be a bright green spark.)
5. EMA would like to thank all the companies that participated in this RFP. Information on the appointed importers is available on EMA’s website (www.ema.gov.sg/term-LNG-importers.aspx).
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