Singapore wants to further improve its energy security by having a second liquefied natural gas ( LNG ) terminal operational by the end of the decade to & nbsp.
Singapore LNG Corporation( SLNG ), which constructed, owns, and runs Singapore’s current LNG terminal, has been given permission to build, run and own the second terminal as well.
In contrast to the current LNG fleet, which has an inland terminal, SLNG is researching the possibility of having the terminal on an LNG vessel.
SLNG’s 10th anniversary dinner breakfast was held on Tuesday, October 24, at the Sands Expo and Convention Center in Marina Bay Beach, and Deputy Prime Minister and Finance Minister Lawrence Wong made the announcement. & nbsp,
In a press release released following Mr. Wong’s announcement, SLNG stated that” the second terminal will better enable Singapore to meet its demand for natural gas to be entirely met by liquefied gas, should that become necessary ,” and that it will increase GLNG’S capacity to deliver more LNG-related services, further establishing Singapore as an important trading and bunkering hub for LNG. & nbsp,
Based on current demand, the latest terminal of SLNG can accommodate all of Singapore’s power generation requirements.
According to Mr. Wong, the current terminal has a” throughput capacity of about 10 million tonnes per annum ,” and this year’s peak use was at 60 %. But, Mr. Wong adds that as Singapore’s business expands, the demand for LNG is anticipated to increase and that it will probably require more natural fuel in the medium term. & nbsp,
According to Mr. Wong, the depot now receives nearly half of the country’s entire natural oil used for power generation. & nbsp,
We have a more varied oil mixture, which improves our ability to withstand supply shocks and our energy system’s resilience and security.
Due to the ongoing conflict in Ukraine and the Israel-Hamas conflict, Mr. Wong issued a warning about” continued disruptions in the global energy market.” A & nbsp, standby LNG facility operated by SLNG to prevent sudden interruptions to energy supplies.
Natural gas now makes up about 95 % of Singapore’s electricity, and the nation anticipates that it will continue to play a significant role in the energy mix as it works to decarbonize the energy market. & nbsp,
Natural gas, or LNG, is heated to a temperature of about- 161 degrees Celsius and stored and transported in liquid form at atmospheric pressure. Natural gas that is liquefied has a 600-fold size reduction, making it simpler to transport and store. When LNG reaches its location, it is regasified.