A US$560.6 million engineering, procurement and construction (EPC) contract has been won by Samsung C&T Corp from Singapore LNG Corp (SLNG) for Phase 3 of the Singapore LNG terminal expansion project.
The contract involves further expanding the terminal to include a fourth LNG storage tank and additional regasification facilities to bring the terminal’s send-out capacity from the current six million tonnes per annum (mtpa) to around 11mtpa.
Construction of Phase 3 is due to start by the end of 2014. Regasification facilities are expected to be completed by 2017, and the fourth tank is scheduled to be completed by 2018.
John Ng, CEO of SLNG said: “With this Phase 3 development, we are not just further enhancing energy security and boosting our ability to ensure undisrupted gas send-out to meet increasing domestic demand; we are also turning the next page of the Singapore LNG
story, as we build up the terminal’s capacity to allow Singapore to respond to new business opportunities in the regional or global LNG markets.”
To date, the terminal has received 32 LNG vessels delivering about 2.06 million metric tonnes of LNG to Singapore.