(EnergyAsia, April 5 2013, Friday) — Singapore LNG Corp (SLNG), the country’s monopoly importer of liquefied natural gas (LNG), said the just-completed first tank of the Jurong Island import terminal received its first cargo on March 27.
State-owned Qatargas delivered the commissioning cargo from its Ras Laffan terminal on its 260,000-cubic metre Umm Slal tanker, a Q-Max vessel, the largest in its class.
SLNG, which declined to state the size and value of the spot cargo, said it will use the fuel to cool down the tank to prepare for its full operational start-up later this quarter. Britain’s gas company BG Group was awarded the monopoly role of buying LNG for Singapore users in 2008.
With long-term plans to build as many as seven storage tanks with a total capacity of 20 million tonnes, Singapore has been cited by the International Energy Agency (IEA) as the most suited to play the role of Asia’s LNG trading hub. SLNG has already approved the construction of three tanks and is expected to approve a fourth tank at a cost of S$500 million by the end of this year.