SINGAPORE (REUTERS)- Singapore LNG's fourth storage tank is on track to be completed by the first half of 2018, the city-state's trade minister said on Wednesday (Feb 28).

The tank with a capacity of 260,000 cubic metres will offer liquefied natural gas (LNG) traders more options and flexibility, said S Iswaran at an LNG conference. "SLNG will soon call for proposals to use its spare capacity to grow its ancillary services," he said.

In 2017, SLNG handled 23 LNG vessel cool downs and storage reloads, he added.