The EPC contract is valued at around SGD700m ($560.6m), and involves further expanding the terminal to include a fourth LNG storage tank and additional regasification facilities to bring the terminal’s send-out capacity from the current 6 million tonnes per annum (mtpa) to around 11 mtpa.
At 260,000 cu m, the new fourth LNG storage tank will be the largest in the world and able to receive a full cargo load from a Q-Max carrier, according to SLNG.
Construction of phase 3 is slated to start by end-2014, and regasification facilities are expected to be completed by 2017 while the fourth tank is scheduled to be completed by 2018.
“With this phase 3 development, we are not just further enhancing energy security and boosting our ability to ensure undisrupted gas send-out to meet increasing domestic demand; we are also turning the next page of the Singapore LNG story, as we build up the terminal’s capacity to allow Singapore to respond to new business opportunities in the regional or global LNG markets,” said John Ng, ceo of SLNG.
The terminal’s design also makes provision for a possible phase 4 expansion, depending on market demand.
The Singapore LNG Terminal began operations in May 2013 with two storage tanks and an initial throughput capacity of 3.5 mtpa. A third tank and additional regasification facilities came onstream in January 2014, increasing the throughput capacity to 6 mtpa.
To date, the terminal has received 32 LNG vessels delivering about 2.06m metric tonnes of LNG to Singapore.
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