Trade Resources Company News Singapore LNG and Malaysia's Petronas Gas Are on Schedule to Begin Commercial Operations

Singapore LNG and Malaysia's Petronas Gas Are on Schedule to Begin Commercial Operations

Singapore LNG Corp and Malaysia's Petronas Gas are on schedule to begin commercial operations at their new terminals located in Jurong Island and Melaka, respectively, in the second quarter of this year, sources from both companies have said.

SLNG Corp. is set to receive its commissioning LNG shipment from Qatargas "by the end of the first quarter of 2013," the source said late Friday, without giving any details.

The SLNG terminal is scheduled to start operations in Q2 with an initial throughput capacity of 3.5 million mt/year which will be raised to 6 million mt/year once additional jetties and regasification facilities are completed by the end of 2013, Platts has reported.

Petronas Gas, a subsidiary of state-run Petronas, was also on schedule to start commercial operations at its Melaka LNG terminal by the end of June 2013 after several delays last year, a company spokesman said late last week, without giving further details.

The facility achieved mechanical completion in June last year and was originally slated for startup in August 2012, but this was delayed twice.

Petronas has so far signed three LNG import agreements. The first, signed in May 2011, is with France's GDF Suez for supply of 2.5 million mt of LNG over three and a half years, starting from August 2012. The second is with Qatargas for the supply of 1.5 million mt/year of LNG over 20 years, with deliveries to begin in 2013. The third is with Norway's Statoil, signed in June last year. Further details on the deal were not provided.

Source: http://news.chemnet.com/Chemical-News/detail-1868503.html
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Singapore, Malaysia Lng Terminals on Track to Begin Operations in Q2
Topics: Chemicals