Singapore considering more spot LNG imports, developing domestic gas trading market: Iswaran

LNG storage tanks at the Singapore LNG (SLNG) terminal on Jurong Island.
LNG storage tanks at the Singapore LNG (SLNG) terminal on Jurong Island. PHOTO: SINGAPORE LNG

SINGAPORE (REUTERS) - Singapore is reviewing policies to allow more third party spot liquefied natural gas (LNG) imports and is developing a domestic secondary gas trading market, the city-state's trade minister said on Wednesday (Oct 26).

"These policies will increase the gas supply and pricing options available for buyers in Singapore", Singapore's Minister for Trade and Industry (Industry), Mr S Iswaran, said at the opening of the Gas Asia Summit.

Singapore appointed Pavilion Gas and Shell Eastern Petroleum as new importers of liquefied natural gas (LNG) earlier this week, as the city-state gears up to take more LNG.