S'pore's LNG terminal starts commercial ops today
Singapore's Liquefied Natural Gas, LNG, terminal received its first commercial cargo and started commercial operations today, marking a key milestone for the country's energy security.
After witnessing the arrival of the first commercial cargo at the Terminal, Second Minister for Trade and Industry, S Iswaran, said energy diversification is an important part of Singapore's strategy for energy security and resilience.
The LNG Terminal is a key infrastructure that supports Singapore's energy diversification strategy.
A joint statement from the ministry, energy market authority and Singapore LNG Corporation said the LNG terminal will also contribute to the development of Singapore as a regional gas hub, catalyse LNG-related business opportunities and create new job opportunities for Singaporeans.
Construction of the 1.7 billion dollar terminal began in 2010.
The first two tanks with regasification facilities are now completed on schedule and within budget.
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