Posted on 08/07/2006 9:29:02 AM PDT by thackney
SINGAPORE : Singapore will build its first liquefied natural gas (LNG) terminal to diversify the city-state's energy sources following the completion of a feasibility study, the government said Monday.
The LNG terminal will have an annual capacity of three million tonnes (3.3 million tons) and is expected to be operational in 2012, Minister for Trade and Industry Lim Hng Kiang said.
"We need to diversify our energy sources in order to ensure that we are not over-reliant on a single source for our energy needs," said Lim, explaining the rationale for the decision to build the LNG terminal.
He said the terminal will "meet future rising demand for energy as our economy expands and our population increases."
The Energy Market Authority, the industry watchdog, will open the bidding for the project in the second-half of 2007, Lim said.
Singapore announced two years ago it was considering an LNG terminal to meet its long-term power needs. Japan's Tokyo Gas Engineering Co Ltd was selected last year to carry out the feasibility study.
The wealthy Southeast Asian city-state has virtually no natural resources and relies on neighbours, Malaysia and Indonesia, for its gas needs with the fuel transported via pipelines.
Good, the u.s. is going to have a military command there.
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