Upstreamonline.com, 30 Jun 2009, Tan Hwee Hwee
The Singapore government will take over the development and ownership of Singapore’s first liquefied natural gas import terminal.
The decision was announced today by S Iswaran, Senior Minister of State for Trade and Industry and Education at the Next Generation LNG – Asia Pacific 2009 conference.
To facilitate the takeover, the Energy Market Authority (EMA) will set up a new company, the Singapore LNG Corporation, to own the terminal and oversee its development.
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Related:
Singapore Govt To Take Over LNG Terminal Proj - The Wall Street Journal
Supply shock on horizon for LNG market - Upstreamonline.com
Singapore Min: LNG Terminal May Cost $1 Bln-$1.5 Bln - The Wall Street Journal
Singapore takes over LNG project-minister - Reuters
Singapore government takes over development of first LNG terminal - Monsters & Critics
