SINGAPORE LNG SIGNS DEAL WITH JAPAN'S MITSUI OSK LINES FOR SECOND LNG TERMINAL

Singapore LNG Corporation (SLNG) has agreed to charter from a unit of Japan's Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation's second import terminal for liquefied natural gas (LNG).

SLNG, which operates Singapore's sole LNG terminal, said on Wednesday that the new terminal, or FSRU, was expected to start operations by the end of the decade. It will be built by South Korean shipbuilder Hanwha Ocean and have a storage capacity of 200,000 cubic meters and a regasification capacity of 5 million tons per annum (mtpa).

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