Trafigura Pte Ltd, and Singapore LNG Corporation, operator of the country’s first liquefied natural gas (LNG) terminal, have signed a storage agreement to utilise excess capacity within the Singapore LNG terminal on Jurong Island.
“SLNG is very pleased to offer our Storage & Reload services to multinational commodity trading house, Trafigura. This agreement will not only allow our company to better optimise the use of the spare capacity at our terminal, it is also a step forward in facilitating LNG trading out of Singapore,” said John Ng, Chief Executive Officer at SLNG.
“We are proud to have been selected by SLNG for this term storage agreement which further enhances Trafigura’s ties with the state of Singapore and will help us demonstrate our commitment to security of supply for our Asian customers,” said Hadi Hallouche, Head of LNG at Trafigura.
Source: Trafigura / Image Credit: Singapore LNG
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