Singapore sees LNG price indices expanding

Pushing the development of regional Asian LNG trade, Singapore is encouraging local price discovery

Singapore's dominant supplier of physical cargoes is UK producer BG, whose CEO Helge Lund told Gastech in late October that the market was becoming freer all the time, and would become even more efficient when companies learned to collaborate. For example, he described the two adjacent projects of Gladstone LNG and Queensland LNG - both planned before Lund joined BG - as a steelmaker's dream owing to the redundancy. But on the water at least things are moving in the right direction. "Despite constraints, the cargoes have ended up where they are needed," he said. That was despite the fact that LNG is not yet a globally liquid market, with only 40 million metric tons of the total 240m mt/yr tr