Singapore is poised to be a “two-way” liquified natural gas trader on the back of its investment in a new floating storage and regasification unit , according to a BMI report.
“The new project is expected to offer Singapore the flexibility to deploy the FSRU closer to consumers and allow SLNG to cater to the burgeoning LNG bunkering business,” the report read. “With the incremental growth in LNG trade, driven by the emergence of new LNG importers like Vietnam and the Philippines, Singapore could establish itself as a key player in LNG transhipment and capture opportunities in the LNG trading market, particularly due to its geographic proximity to these emerging frontier markets,” the report said.
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