One of the world's most active traders of liquefied natural gas (LNG), won the contract to become the exclusive supplier for Singapore's planned import terminal, the energy market regulator said on Friday.
Khoo Chin Hean, Chief Executive of the Energy Market Authority (EMA) said that BG offers 3 million tonnes per year (tpa) of LNG from Egypt, Trinidad & Tobago and future Australian supplies, he said.
"BG offers firm supply at competitive prices from its global portfolio from Egypt, Trinidad & Tobago and future Australian supply," he told a news conference.
Singapore said last year it expected to import 1 million tonnes per year (tpy) of LNG by 2012, below the terminal's annual capacity of 3 million tonnes.
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