BG Group selected by the Energy Market Authority (EMA) of Singapore to supply up to 3 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to the Singaporean market for a period of up to 20 years.
Under a Memorandum of Agreement, BG Group will act as the aggregator of LNG demand for Singaporean gas users. The Group will be responsible for sourcing and supplying LNG from its growing and flexible global portfolio. Initial deliveries are expected to begin in 2012 to coincide with the completion of the LNG import terminal which will be located on Jurong Island in Singapore. EMA had earlier designated PowerGas Ltd., a wholly owned subsidiary of Singapore Power Ltd., to build, own and operate this facility.
BG Group has developed a leading position in Atlantic Basin LNG. The Group is the main supplier of LNG to the United States – the world’s largest gas market. It is also the leading exporter of Atlantic Basin LNG to Asia Pacific markets. The Group has long-term purchase agreements in place with Equatorial Guinea LNG; Nigeria LNG; Egyptian LNG; and with Atlantic LNG in Trinidad and Tobago. It also supplies gas to Atlantic and Egyptian LNG as well as holding an equity stake in both facilities. Additionally BG Group recently completed the formation of an alliance with Queensland Gas Company Ltd to cooperate in the development of a new 3-4 mtpa liquefaction plant in eastern Australia.
