EMA licenses term LNG importers to ensure competitive and reliable import and supply of regasified LNG to gas users in Singapore. These licenses cover Gas Sales Agreements with durations of one year or longer.
BG Singapore Gas Marketing (now known as Shell Gas Marketing Pte Ltd) was awarded the first exclusive franchise to import and sell up to 3 mtpa of LNG or until 2023, whichever is earlier. Pavilion Gas Pte Ltd and Shell Eastern Trading (Pte) Ltd were awarded to import the next tranche of LNG, with each of them allowed to market up to 1 mtpa of LNG or for 3 years, whichever is earlier.
Currently, there are four licensed term LNG importers:
- ExxonMobil LNG Asia Pacific
- Pavilion Energy Singapore Pte Ltd
- Sembcorp Fuels (Singapore) Pte Ltd
- Shell Eastern Trading (Pte) Ltd
To ensure adequate and secure gas supplies going forward, EMA is exploring ways to aggregate gas procurement and obtain longer term and more secure gas contracts.