Insight
Singapore's next LNG procurement model update
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Report summary
On 25 February 2014, during the official opening of the Singapore LNG terminal, Prime Minister Lee Hsien Loong announced that the process to appoint the next LNG importer will take place by June 2014. Additionally, the Energy Market Authority (EMA) published its final determination paper detailing the two-stage process . Finally, details were also revealed on Singapore’s spot LNG import policy, piped gas import policy and the development of a secondary gas market.
Table of contents
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How will the next procurement model be structured?
- Incremental LNG demand will be modest pre-2020
- Buyers will face difficulties in the two stage process
- What is the spot credits system?
- A second LNG terminal for supply security and trading capacity
Tables and charts
This report includes 1 images and tables including:
- LNG demand forecast
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