SLNG and Trafigura sign storage and reload agreement
Published by Callum O'Reilly,
Senior Editor
Tanks and Terminals,
Trafigura Pte Ltd (Trafigura) and Singapore LNG Corp. Pte Ltd (SLNG) have signed an agreement for storage and reload services at the SLNG Terminal on Jurong Island, Singapore.
This is the second such agreement that Trafigura has signed with SLNG to utilise the excess LNG storage capacity available at the terminal.
Under the agreement, Trafigura will have access to 160 000 m3 of firmed LNG storage capacity on a segregated basis for the next 24 months.
“We are very glad to be renewing our partnership with SLNG,” said Chin Hwee Tan, Asia Pacific CEO for Trafigura. “LNG storage in Singapore allows us to offer our customers additional security of supply and flexibility.”
“SLNG is very pleased to once again offer our Storage and Reload Services to Trafigura and we look forward to continuing our fruitful working relationship with the company. Through this and our other ancillary service offerings, SLNG aims to facilitate more LNG trades and market plays out of Singapore, contributing to the development of Singapore as an LNG hub,” said John Ng, Chief Executive Officer of SLNG.
Read the article online at: https://www.tanksterminals.com/storage-tanks/18062018/slng-and-trafigura-sign-storage-and-reload-agreement/
You might also like
EU Commission releases statement on European gas storage levels
Commissioner for Energy Kadri Simson has released a statement on record post-winter gas storage levels in Europe.