On 31 December 2014, EMA closed Stage One of the two-stage Request for Proposal (RFP) process to appoint up to two competent entities to aggregate natural gas demand in Singapore and to import Liquefied Natural Gas (LNG) into Singapore in order to serve such aggregated demand.

Stage One bidders (“Proposers”) had submitted proposals to demonstrate how they could provide the LNG Service delivering the best overall gas supply solution for Singapore, taking into account the Stage One Selection Criteria.

On 29 May 2015, EMA announced the list of successful proposers ("Shortlistees") that have qualified for Stage Two, which are listed in alphabetical order as follows:

• BG Singapore Gas Marketing Pte. Ltd.
• Pavilion Gas Pte. Ltd.
• Sembcorp Industries
• Shell Eastern Petroleum (Pte) Ltd.

In Stage Two, there will be a negotiation period of nine months from 29 May 2015 to 29 Feb 2016 between the Shortlistees, gas buyers and Singapore LNG Corporation Pte Ltd (“Terminal Operator”). Shortlistees will be evaluated based on Stage Two Selection Criteria.

The appointed Importer(s) will each be awarded an exclusive franchise which will expire at the earlier of (a) 3 years from the date of being licensed by EMA to import LNG, or (b) the date that such Importer has sold an aggregate of 1 million tonnes per annum of LNG under Gas Sales Agreements with a minimum duration of 1 year.

This RFP is not a tender for LNG supply or LNG sales to EMA or any other user in Singapore and should not be construed as such, nor will the acceptance of the proposal create any contractual relationship between EMA and the Importer(s). It will be the responsibility of the appointed Importer(s) to source LNG from suppliers and/or its own LNG supply portfolio. It will also be the responsibility of the appointed Importer(s) to negotiate and enter into contracts with buyers in Singapore for the sale of LNG, either in its liquid or regasified form.