There are currently two term LNG importers in Singapore – Pavilion Energy Singapore and Shell Eastern Trading.
The two new term LNG importers were introduced to enhance competition and give Singapore gas buyers more options.
According to EMA, ExxonMobil and Sembcorp Fuels were chosen as their proposals were the most competitive among the ones received.
Natural gas is one of the switches in Singapore’s vision for a more reliable, affordable and clean energy future.
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Shares in Sembcorp Industries, which owns Sembcorp Fuels, closed 3 cents higher or 1.7% up at $1.82 on March 25.
