Trafigura agrees storage and reload services at Singapore LNG

Trafigura agrees storage and reload services at Singapore LNG
Image courtesy of Singapore LNG

Commodity trader Trafigura and Singapore LNG Corporation (SLNG) have signed an agreement for storage and reload services at the SLNG terminal on Jurong Island.

This is the second such agreement that Trafigura has signed with SLNG to utilize the excess liquefied natural gas storage capacity available at the terminal, the trader said in its statement on Monday.

Under the agreement, Trafigura will have access to 160,000 cubic metres of firmed LNG storage capacity on a segregated basis for the next 24 months.

Speaking of the deal, Chin Hwee Tan, Asia Pacific CEO for Trafigura said, “LNG storage in Singapore allows us to offer our customers the additional security of supply and flexibility.”

“Through this and our other ancillary service offerings, SLNG aims to facilitate more LNG trades and market plays out of Singapore, contributing to the development of Singapore as an LNG hub,” added John Ng, chief executive officer of SLNG.

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >