Singapore LNG Corporation (SLNG) has been given approval to also develop, own and operate the second terminal.
SLNG is studying the possibility of having the terminal on an LNG ship, unlike the current one, which is an onshore terminal.
SLNG’s current terminal has sufficient capacity to support all of Singapore’s power generation needs, based on current demand, if needed.
The current terminal has a “throughput capacity of about 10 million tonnes per annum”, and that peak utilisation this year was at 60%. However, demand for LNG is expected to grow, and Singapore will likely need more natural gas in the medium term as the economy continues to grow.