Development of Singapore's second liquefied natural gas (LNG ) terminal appeared to be some time away as the government is currently conducting a study of potential sites in the eastern part of the island-state for its location, the country's Second Minister for Trade and Industry S Iswaran told reporters on the sidelines of the Singapore International Energy Week 2014 Monday.
"We have not firmed the location yet precisely because there are many technical aspects that need to be assessed. The government agencies are evaluating a few alternative options to see what may be the most suitable. We have time because our first terminal in Jurong does have capacity to be filled," Iswaran said.
"Having said that we would like to see progress leading to some concrete steps by the third party. But we want to be sure that the sites that we choose are sustainable and also fit in with the larger land development for the area," the minister added .
The Jurong Island LNG terminal, operated by Singapore LNG Corp. (SLNG) since May 2013, currently have three tanks.
Throughput capacity at the terminal will rise from 6 million tons per annum (Mtpa) to around 11 Mtpa by 2017 with the addition of a fourth tank, which has potential for a further expansion to 15 Mtpa. The contract for the fourth tank project was awarded by SLNG to Samsung C&T in August.
Prime Minister Lee Hsien Loong announced in February at the official opening of the Singapore LNG Terminal on Jurong Island that Singapore will proceed to develop a second LNG terminal.
When completed, possibly in the early part of next decade, the proposed second LNG terminal in Singapore "will help to ensure that we have sufficient infrastructural capacity to accommodate domestic gas demand and associated activities in the long run," Iswaran said in his speech to SIEW 2014 participants.
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