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Gaz de France in Singapore LNG terminal joint venture

Energy Trade

Gaz de France will team up with Singapore Power to build the city-state's first liquefied natural gas terminal, the Singapore firm said.

Gaz de France will hold a 30% stake in the joint venture project that involves construction of a terminal with a capacity of 3 million tons of gas a year.

The terminal complex will include a jetty, unloading facilities, storage tanks and a “re-gasification” plant, Power Gas Ltd, a unit of Singapore Power, said in a statement.

Power Gas declined to disclose the expected cost of the project. Resource-poor Singapore is keen to diversify its energy supplies. (Reuters)

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