Singapore plans to lift LNG supplier cap: ministerHome > News and Events  > Industrial 

   SINGAPORE, Oct. 30 (Xinhua) -- Singapore's Energy Market Authority plans to lift an existing moratorium on piped gas imports by 2018 or when the government-appointed BG Group supplies its contracted maximum of 3 million tons of LNG (liquefied natural gas) per year, a government minister said on Wednesday.

    Speaking at the Singapore International Energy Week's Gas Asia Summit, S Iswaran, minister in the Prime Minister's Office and second minister for trade and industry, said that Singapore started off with a moratorium in order to ensure the market is able to develop and have a certain base-load position in Singapore.

    "As we go forward ... we should really be able to open up the market to different sources of gas in order to ensure the most competitive sources are able to supply to Singapore, hence the desire to lift the moratorium," he said.

    This would means there may be more than one sole supplier of LNG to Singapore. BG Group currently has the exclusive franchise.

    Iswaran said that Singapore is also looking head to secure more liquefied natural gas fuel for its electricity needs.

    The Energy Market Authority will call for proposals next year for the next tranche of LNG imports, he said.

    About 90 percent of the country's electricity is currently generated from natural gas.

2013-10-31

Editor: Yamei Wang

Referring to http://news.xinhuanet.com/english/world/2013-10/31/c_132845827.htm