Singapore LNG Corporation and Pavilion Gas have signed an agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island.
As part of the agreement, Pavilion Gas has rights to access tank capacity on a segregated basis at the facility for LNG storage and reload services over the next 24 months. This supports higher volume of LNG trading activities, small-scale LNG opportunities, LNG breakbulk and vessel cool-down services.
Seah Moon Ming, CEO of Pavilion Energy and Pavilion Gas, says: 'With increased spot trading volume, this will strengthen Singapore's position as an Asia LNG hub.
'We will work closely with SLNG to facilitate multi-user access of the SLNG terminal for LNG trading activities. Pavilion Gas is well-positioned to expand and grow its LNG trading presence regionally and globally.'
John Ng, CEO of SLNG, adds: 'With the enhanced capacity and capabilities at our terminal, such as the newly-installed LNG truck loading facility and upcoming additional tank capacity, SLNG will be better able to serve industry players who are keen on using Singapore as a platform to grow their LNG businesses.'
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preperation is key Storm preparation: flood risk and buoyancy hazards