SINGAPORE EYES LNG TRADING

United Press International
Published: Sept. 14, 2007 at 10:57 AM

SINGAPORE, Sept. 14 (UPI) — Singapore is trying to encourage liquefied
natural gas trading in the country, a top official said.

"International Enterprise Singapore is now in discussion with a
number of companies about starting LNG trading in Singapore," said
Lee Yi Shyan, Minister of State for Trade and Industry. "Given the
synergies and the strong interest, we are optimistic that we will be
able to leverage on Singapore’s expertise in oil trading to grow our
LNG trading volumes."

The comments, reported by China’s Xinhua news agency, came at an
energy event in Singapore.

Last week Singapore picked PowerGas to build and operate an LNG
terminal to be operational by 2012. An LNG aggregator will be named
next year to consolidate demand from end users and buy LNG from
suppliers, Xinhua reported.