Industry Leaders to Discuss LNG Trading in Singapore
Singapore, the country which is emerging as Asia’s LNG trading hub, will host industry decision makers at the 5th World LNG Series: Asia Pacific Summit next week to discuss the changing demand for LNG in Asia Pacific.
Over 250 government and commercial leaders from countries as diverse as Australia, China, France, India, Japan, Mozambique, Singapore, UK and USA, will lead discussions about what needs to happen to create a gas trading hub in Asia, as well as discuss the LNG supply outlook.
Speakers from Singapore at the conference include Moon Ming Seah, Group Chief Executive Officer of Pavilion Energy Pte Ltd and Neil McGregor, Chief Executive Officer of Singapore LNG Corporation Pte Ltd.
Pavilion Energy, a company set up in April 2013 by Temasek Holdings, has an initial authorized capital of $1 billion to participate and invest in various parts of the LNG value chain; to tap growing demand in Asia and focus on liquefied natural gas. Pavilion Energy is a Gold sponsor of LNG Asia.
Singapore LNG Corporation (SLNG) operates the first liquid natural gas (LNG) terminal in Asia at Jurong, capable of importing and re-exporting LNG from multiple suppliers. Jurong Rock Caverns, a $950 million underground storage facility for crude oil, condensates, naphtha and gas-oil that lies 130 meters beneath the Banyan Basin, commenced operations in May this year.
“LNG Asia is the right partner for Singapore to build partner relationships with international oil and gas companies”, says Pat Roberts, Associate Director of CWC Group for their gas portfolio. “This conference is timely, driven by the fact that we have unprecedented participation from a wide range of speakers and delegates who are coming together to discuss what it will take to drive sustainable growth in the industry. If you want to shape the future of LNG in Asia, it is important to be a part of the discussions that will take place next week.”
LNG World News Staff, September 19, 2013; Image: CWC