Firms invited to submit proposals to supply Singapore's next tranche of LNG
COMPANIES will soon be invited to submit proposals to supply Singapore's next tranche of liquified natural gas (LNG), as the country looks to develop as a hub for the energy source.
The so-called "Request-for-Proposals" (RFP) process will be launched in the second quarter of the year by the Energy Market Authority (EMA), said Mr S. Iswaran, Second Minister for Trade & Industry, on Tuesday.
"The RFP will allow us to appoint LNG importers who can provide competitively-priced and secure LNG supplies," he said at a conference.
Interested companies will have to go through two stages of shortlisting and negotiations, before EMA appoints up to two importers.