Singapore LNG started to build the country's first LNG terminal ($1.5bn). The Singapore government decided to take over the development of its first LNG terminal from PowerGas, a wholly-owned subsidiary of Singapore Power, and GDF SUEZ. PowerGas was supposed to build and operate the new 4 bcm/year terminal in accordance with a contract signed in September 2007. A new company, named Singapore LNG Corporation, has been set up for this purpose. In February 2010, Singapore LNG Corp awarded a contract for management consultancy for the project to Foster Wheeler AG. Singapore LNG and Foster Wheeler will jointly manage engineering, procurement, and construction contractor Samsung C&T Corp. The terminal is designed to have an initial import capacity of 4.7 bcm/year, to be expanded to 8.2 bcm/year later. The commissioning of the facility, to be located on the Jurong Island, had been postponed by one year to 2013 in June 2009 . BG Group will be the exclusive supplier and distributor of LNG for the terminal. It is committed to supply liquefied natural gas to Singapore, initially from Trinidad and Egypt and later from its coal-seam gas fields in Queensland (Australia). Six Singapore power plants have contracts to take 2 bcm/year of the fuel from the terminal.
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