SINGAPORE, Feb 9 (NNN-BERNAMA) — Singapore LNG Corporation Pte Ltd (SLNG) has awarded the contract for the engineering, procurement and construction (EPC) of Singapore’s liquefied natural gas (LNG) terminal to South Korean builder Samsung C&T Corporation.

The total budget for the terminal, which is being funded by the Singapore government, is 1.5 billion SGD (one USD = about 1.4214 SGD), of which about 1.0 billion SGD is for the EPC contract, according to joint statement from SLNG and Singapore’s Energy Market Authority (EMA) issued here Monday.

The LNG terminal at Jurong Island will have an initial capacity of 3.5 million tonnes per annum (Mtpa), with provisions for expansion to 6.0 Mtpa or more, if required, the statement said.

The LNG terminal will be located on an approximately 30-hectare site on the south western part of Jurong Island and is expected to be ready in 2013.

The statement said the LNG terminal is expected to be Asia’s first open-access, multi-user terminal, and it will not only provide capacity for Singapore to import regasified LNG for its own needs, but also open up opportunities for companies to make use of the terminal for LNG trading.

In addition to the award of the EPC contract, Foster Wheeler Asia Pacific Pte Ltd has also been appointed by SLNG to be its project management consultant.

SLNG and Foster Wheeler will jointly manage the EPC contractor through an integrated project management team approach, allowing SLNG to be fully involved in the management of the engineering and construction activities. — NNN-BERNAMA

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