Singapore is making progress towards realising its regional hub ambitions. This is done through three ways. One way is through increasing liquidity through the launch of the FOB Singapore SLiNG index in June 2015 and a derivative market against this index in January 2016 and announcing plans for a secondary natural gas trading market In October 2015. A second way is through improving infrastructure with SLNG expansions. A third way is through increasing supply by tendering an award for the second LNG import franchise with a 30 June 2016 deadline.