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Singapore could become centre for LNG cargo swaps and shipping incentives

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Thursday, 14 December 2006 16:31
Australia and Qatar are possible suppliers and opportunities could exist for using ‘backhaul’ to reduce costs, reports Our Asia Correspondent

Singapore is planning to build an LNG import terminal that could offer shipping incentives and cargo swap facilities, but would fall short of being an Asian LNG Hub.

Singapore’s geographical location has allowed the island state to become a major refining centre for petroleum products and a fast-growing logistics hub serving Asia and further afield.
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Last modified on Thursday, 14 December 2006 16:31