Free Newsletters - Space - Defense - Environment - Energy
..
. Medical and Hospital News .




ENERGY TECH
Singapore to seek more LNG suppliers
by Staff Writers
Singapore (UPI) Oct 30, 2013


disclaimer: image is for illustration purposes only

Singapore aims to increase liquefied natural gas imports as part of the expansion of its LNG terminal, said a government official.

British-based BG Group currently has the contract for supplying the initial 3 million tons of LNG at Singapore's first LNG terminal, a $1.7 billion facility on Jurong Island, which started commercial operations in May.

Speaking Wednesday at the Gas Asia Summit in Singapore, S Iswaran, Second Minister for Trade and Industry, said Singapore's energy regulator, the Energy Market Authority, plans to lift an existing moratorium on piped gas imports by 2018, or when BG Group reaches its contracted 3 million tons.

Iswaran noted that the aim of the moratorium was to ensure the LNG market "is able to develop and have a certain base-load position in Singapore."

"As we go forward ... we should really be able to open up the market to different sources of gas in order to ensure the most competitive sources are able to supply to Singapore, hence the desire to lift the moratorium."

A third tank at the terminal is slated for completion by the end of this year, increasing the terminal's capacity to 6 million tons a year. The government also plans for a fourth tank and associated regasification facilities by 2016, which will raise capacity to 9 million tons a year, Iswaran said.

Experts are expecting a good response from potential LNG players.

Stephanie Wilson, managing editor of Asia LNG at Platts news service said Singapore is a good market for suppliers, with demand that "is pretty constant" and likely to increase, Channel News Asia reports. "There's not much risk as far as I can see," Wilson said.

More than 90 percent of Singapore's electricity is generated using natural gas.

The city state aims to become Asia's liquefied natural gas trading hub. Asia is now the fastest-growing gas market worldwide and is expected to become the second largest by 2015, says the International Energy Agency.

In his opening speech Monday at Singapore International Energy Week, Iswaran cited the IEA's estimate that renewable energy is currently the fastest growing sector of the global energy mix, accounting for around a fifth of all electricity produced worldwide. Consequently, governments and policymakers "must consider how these global developments can be harnessed to secure the energy future of their countries," he said.

"We have some of the best strategies and initiatives in order to diversify Singapore's energy mix, foster competition in our energy markets, and help consumers make more informed choices about their energy use and one key strategy is to diversify our energy sources," Iswaran said.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
PHYCO2 Receives Patent for Cutting Edge CO2 Sequestration Process
Washington DC (SPX) Oct 29, 2013
PHYCO2 has announced its first patent from the United States Patent and Trademark Office for the company's cutting edge technology that removes CO2 emissions to produce a clean, domestic energy source. U.S. Patent 8,476,067 was issued to PHYCO2 for its proprietary HILED Photobioreactor, which promotes accelerated growth of algae biomass, without sunlight, while sequestering harmful greenho ... read more


ENERGY TECH
Space technologies boost disaster reduction int'l co-op

How to Manage Nature's Runaway Freight Trains

Uruguay to pull peacekeepers from Haiti: president

Storm-battered northern Europe slowly gets back to normal

ENERGY TECH
Russia Retires Faulty Glonass-M Satellite

Raytheon demonstrates first Direct Geo-Positioning Metric Sensor

Britain considering car-tracking 'bullet' technology

Orbcomm Launches Solar-Powered Trailer Tracking Solution

ENERGY TECH
Study: Humans made sophisticated stone tools earlier than thought

Did hard-wired fear of snakes drive evolution of human vision?

Hair regeneration method is first to induce new human hair growth

No known hominin is ancestor of Neanderthals and modern humans

ENERGY TECH
Poacher shot dead in Zimbabwe game park

South African 'living stone' plant adapts to extreme conditions in new ways

Aboriginal Hunting Practice Increases Animal Populations

Surfer loses leg in latest Reunion island shark attack

ENERGY TECH
SARS-like viruses can jump from bats to humans: study

The role of uncertainty in infectious disease modelling

HIV has big hiding place, foiling hopes for cure

Baby's HIV 'cure not a fluke,' US researchers say

ENERGY TECH
Women driven to fury by Beijing police road tips

US, family urge China to free anti-censorship activist

Anti-corruption activists face trial in China

Beijing divorces soar over property tax

ENERGY TECH
Pirates kidnap two American sailors off Nigeria

Seaman Guard owner to fight arrest of ship's crew in India

Somali pirates on trial for seizing French yacht

Accused Silk Road mastermind to be sent to New York for trial

ENERGY TECH
China GDP figures wrong by $610 billion: report

Researcher is optimistic about meeting 'Grand Challenge' of global prosperity

Future of global economy in next 30 years

Commentary: Costly greed




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement