BG to develop gas trading hub in Singapore

摘要

Singapore-The UK's BG Group will develop a natural gas trading business in Singapore and as part of that move will raise its spot and term LNG supply to the country, BG Singapore General Manager Anthony Barker said November 4 "BG in cooperation with [Singapore's Energ Market Authority], is required to develop the Sin gapore power market and, in particular, develop a natural gas trading business," Barker said in reference to the second part of a 2009 aggregator agreement. That agreement gives BG an exclusive license to import and sell up to 3 million mt/year of regasified LNG in Singapore. The existing term supply to Singapore buy ers will "represent 4-5 LNG cargo deliveries a month to Singapore," Barker said, without providing details on the contractual period. These would be standard-sized cargoes of around 65,000 mt each.