New LNG storage to be built in Singapore this year

The capacity of the storage will almost double in size thanks to construction starting later this year

Construction is set to begin on a new storage tank and more regasification facilities at Singapore’s liquefied natural gas (LNG) terminal later this year. The rapidly expanding terminal will see its send-out capacity almost double from 6 million to 11m tonnes per year (t/y) by 2018, as the city-state seeks to establish itself as Asia’s leading LNG trading centre. The facility’s new storage tank, its fourth, will be the largest in the world with a capacity of 260,000 cubic metres (cm). It will be able to store a full cargo from a Q-Max carrier – the world’s largest LNG tanker, the terminal operator Singapore LNG (SLNG) says. “With this phase three development, we are not just further enhancin