Trafigura and Singapore LNG Corporation signed an agreement for storage and reload services at the SLNG terminal on Jurong Island.
The agreement stipulates that Trafigura will have access to 160,000 m3 of firmed LNG storage capacity on a segregated basis for the next 24 months.
This is the second such agreement that Trafigura has signed with SLNG to utilise the excess LNG storage capacity at the terminal.
John Ng, CEO of SLNG, says: ‘SLNG is very pleased to once again offer our storage and reload services to Trafigura and we look forward to continuing our fruitful working relationships with the company. Through this and our other ancillary service offerings, SLNG aims to facilitate more LNG trade and market plays out of Singapore, contributing to the development of Singapore as an LNG hub.’