Firms invited to submit proposals to supply Singapore's next tranche of LNG
Published on Feb 25, 2014 12:08 PM
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.
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