SLNG to develop, own and operate second LNG terminal in Singapore
To help meet the country’s energy needs and further enhance its energy security, Singapore LNG Corporation Pte Ltd (SLNG) will be developing and eventually operating the Second Liquefied Natural Gas (LNG) Terminal in Singapore. This initiative was announced by Deputy Prime Minister and Minister for Finance Mr Lawrence Wong, who was speaking as the Guest-of-Honour at SLNG’s 10th Anniversary Gala Dinner on 24 October 2023, at Sands Grand Ballroom, Sands Expo and Convention Centre.
The Second Terminal will better enable Singapore’s demand for natural gas to be met entirely by liquefied natural gas, should that become necessary; and will enhance SLNG’s capacity to deliver more LNG-related services, further entrenching Singapore as a key trading hub for LNG.
Unlike the current SLNG Terminal on Jurong Island, which is an onshore terminal, the Second Terminal is planned to be based on a Floating Storage and Regasification Unit (FSRU) concept. This means it is essentially an LNG ship with onboard regasification facilities, that will be engaged on a long-term time charter arrangement. The FRSU concept offers greater flexibility in meeting the nation’s energy security and sustainability objectives, as it could be easily redeployed to another location as a receiving terminal, if necessary.
The Second Terminal will have a gas supply capacity of up to 5 Million Tonnes Per Annum (MTPA), which is about half that of the current SLNG Terminal, and will be connected to Singapore’s gas pipeline grid via an onshore gas pipeline to be installed as part of the project. SLNG will be calling a tender shortly for the charter of the FSRU, and is aiming to have the Second Terminal operational by the end of this decade.
Mr Tan Soo Koong, CEO SLNG, said, “I am delighted and proud that SLNG has been given the approval to develop this strategically important project, which will considerably enhance Singapore’s energy security. This is a momentous milestone for SLNG as the approval came at a time when we are celebrating our 10th anniversary. It is a testimony that we have done our core job well over the past 10 years and reinforces the important role that SLNG will continue to play in Singapore’s energy security in the next decade and more.”
Since commencing commercial operations on 7 May 2013, SLNG has grown from strength to strength in its business and operational excellence, maintaining a high standard of safety and reliability over the years. As of end September 2023, the SLNG Terminal has received about 430 LNG cargoes for its Throughput service, totalling some 1,399.8 Trillion British Thermal Units (TBTU) or approximately 26.58 Million Tonnes. It has also received close to 190 ships for its Storage & Reload and LNG Bunkering services; and 130 ships for its Gassing-up and Cool-down service. Additionally, the terminal has conducted 18 LNG Transhipment and more than 3,730 LNG Truck Loading operations.