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Singapore LNG in storage agreement with Trafigura

Singapore LNG in storage agreement with Trafigura
Singapore LNG (SLNG) has taken a step towards its LNG trading ambitions with a storage agreement with Trafigura.

SLNG has inked a deal with Trafigura for the trading house to utilise excess capacity at its Jurong Island terminal.

“This agreement will not only allow our company to better optimise the use of the spare capacity at our terminal, it is also a step forward in facilitating LNG trading out of Singapore,” said John Ng, ceo at SLNG.

Hadi Hallouche, Head of LNG at Trafigura said it would help demonstrate its commitment of security of supply to its Asian customers.