LNG

Singapore LNG Corporation (SLNG) is pressing ahead with a second LNG import terminal. Over 95% of Singapore's electricity generation is fuelled by imported LNG, hence Singapore’s trade & industry ministry supports SLNG’s drive to get a second FSRU into operations by the early 2030s.

Australia and Singapore have signed a protocol to intensify cooperation on energy supply chains and trade, in a bid to reinforce LNG flows and regional fuel resilience amid persistent global disruptions.

Kinetics, a Karpowership initiative, has begun construction of its first high-capacity floating storage and regasification unit, LNGT Karadeniz, at Seatrium’s Tuas Boulevard yard in Singapore. The vessel will provide up to 600 million standard cubic feet per day of regasification capacity.

Singapore has secured enough LNG from outside the Middle East to last through the end of this year, as state-owned buyer GasCo accelerated spot purchases to replace cargoes affected by disruptions around the Strait of Hormuz. Negotiations are underway for long-term offtake from the US, Australia and Canada.

Singapore’s state-backed gas buyer GasCo is stepping in to secure additional LNG cargoes as several Qatari shipments were disrupted by the regional conflict. Natural gas is Singapore’s main source of electricity, with about 60% of supply imported via seaborne LNG.

China Communications Construction Company (CCCC) has been awarded a contract to supply onshore connecting infrastructure for Singapore’s second LNG terminal. The contract was awarded by state-owned terminal operator Singapore LNG, though the financial terms of the deal were not disclosed.

State-owned Singapore GasCo is in talks with prospective LNG suppliers, targeting operational readiness by January 1, 2026. From that date, the state buyer expected to purchase LNG from a diversified portfolio and supply it to power producer under a new procurement framework.

ABB has secured a contract from Hanwha Ocean to supply the electric power and propulsion system for Singapore’s first floating liquefied natural gas (FLNG) terminal. Once in service, the terminal will increase Singapore’s LNG import capacity by 50% and add flexibility to the nation’s gas grid.

Trafigura has agreed to supply 1.5 mtpa of LNG to Korea Gas Corp (KOGAS) over ten years, beginning in 2026. Deliveries will include cargoes sourced from Cheniere Energy.

KARMOL, a joint venture between Karpowership and Japan’s MOL, has named its latest Floating Storage and Regasification Unit (FSRU) at Seatrium’s yard in Singapore. The four conversions include Karmol LNGT Powership Africa, Karmol LNGT Powership Asia and Karmol LNGT Powership Europe.

The contract strengthens Seatrium’s position as a leader in the highly specialised FSRU conversion market. Works entail the instalment of a regasification skid and supporting systems such as cargo, utility, spread-mooring, offloading, electrical and automation.

KARMOL LNGT Powership Africa (ex-Dwiputra, built 1994) arrived off Dakar, Senegal, in June 2021. The vessel has a storage capacity of 125,000 cubic meters and a scalable regas capacity of 15 to 300 million standard cubic feet per day (mmscfd), adding to the Turkish company’s global fleet of LNG-to-power solutions.

Karpowership, part of Istanbul-based Karadeniz Holding, has the world’s largest fleet of Powerships with 40 ships and a combined capacity of over 7,500 MW. Earlier this year, the Turkish company contracted MAN Energy Solutions to supply and install 48 dual-fuel engines.