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Samsung C&T Construction has been awarded an EPC contract worth $700mn for the Phase 3 expansion plans for the Singapore LNG Terminal.
The deal has been awarded by Singapore LNG Corporation (SLNG) and involves the further expansion of the terminal to include a fourth liquefied natural gas (LNG) storage tank.
Samsung will also add further regasification facilities to bring the terminal’s send-out capacity from the current 6mn tonnes per annum (Mtpa) to around 11mn tonnes per annum.
At 260,000 m3, the new fourth LNG storage tank will be the largest in the world, and able to receive a full cargo load from a Q-Max carrier (which is currently the largest LNG carrier in the world).
Other key facilities to be added include a new terminal substation, additional open rack vapourisers (ORVs) and LNG booster pumps, and equipment to allow the correction of Wobbe Index of regasified LNG, where necessary, to meet Singapore’s gas specifications.
“With this Phase 3 development, we are not just further enhancing energy security and boosting our ability to ensure undisrupted gas send-out to meet increasing domestic demand,” said John Ng, CEOof SLNG.
“We are also turning the next page of the Singapore LNG story, as we build up the terminal’s capacity to allow Singapore to respond to new business opportunities in the regional or global LNG markets.”
Construction of Phase 3 is scheduled to begin by end 2014. The regasification facilities are expected to be completed by 2017, while the fourth tank is expected to be completed by 2018.
SNLG said the terminal’s design also makes provisions for a possible future Phase 4 expansion, which may be considered at a later stage should the demand support the investment.
