GDF and PowerGas to Build and Operate Singapore’s First LNG Terminal

Gaz de France has entered into an agreement with PowerGas, a wholly owned subsidiary of Singapore Power, to jointly build and operate Singapore’s first liquefied natural gas terminal. Gaz de France will hold a 30% share in the project company.

The terminal will be built on a 30-hectare site on Jurong Island, Singapore. It is scheduled to be operational in 2012, and will have an initial capacity of three million tonnes per annum (mtpa).

After the success of Petronet LNG in India, in which Gaz de France (GDF) participates as a strategic partner and as a shareholder, Singapore’s terminal is another significant step for Gaz de France activities in Asia, and reinforces its position as a global liquefied natural gas (LNG) player.

GDF’s imminent merger with Suez is expected to significantly enlarge its position in the LNG market. The new GDF-Suez entity would become an integrated LNG major, with a presence in every segment of the LNG value chain.

Jean-Francois Cirelli, GDF’s CEO, said: “We are pleased to have been selected as PowerGas’s partner to work on this new project. Gaz de France will bring its 50 years of experience and expertise in building and operating LNG terminals to this project to provide LNG supply to Singapore.”