Temasek Racing Exxon to Build Biggest LNG Stash: Southeast Asia
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A Temasek Holdings Pte unit is up against Exxon Mobil Corp. and Royal Dutch Shell Plc in a contest to fill storage tanks that will hold three times as much liquefied natural gas as Singapore will consume this year.
The city-state’s Energy Market Authority is seeking feedback through the end of July for stocking an LNG terminal with capacity of as much as 9 million metric tons. The threefold expansion will allow Singapore to offer last-minute deliveries, or spot cargoes, to buyers in Asia seeking an alternative to long-term contracts linked to oil.