Singapore is applying to become a major Asian Liquefied Natural Gas (LNG) hub. For years the Asian country has been structuring to increase its position in the international natural gas market, with a demand that - globally - will grow from 250 million tons to more than 400 million each year over the next twenty years. And, in particular, the Jurong Island Terminal - that hosts three LNG tankers with a storage capacity of 540 thousand cubic meters - could be expanded up to a total capacity of 800 thousand cubic meters. This was stated by the CEO of Singapore LNG, who stressed that the site has all the potential to become a landmark on the international market.
This very day, what is more, the island of Malta receives its first delivery of LNG from Singapore. The tanker - with a capacity of 125,000 tons - will supply gas to the Delimara power station, launched in June this year.
And still in the gas market, in recent days Canada has approved the construction of a facilities - the Pacific NorthWest LNG - costing 11.4 billion dollars, for the export of gas, signing an agreement with the Malay company Petronas. The project is the result of a political interchange that began back in 2013.
