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EMA launches selection process for LNG importers

The Energy Market Authority (EMA) has started a process to select two importers that will be licensed to supply liquefied natural gas (LNG) when Singapore's demand for gas increases.

SINGAPORE: The Energy Market Authority (EMA) has started a process to select two importers that will be licensed to supply liquefied natural gas (LNG) when Singapore's demand for gas increases.

Under the two-stage request for proposal process, parties keen to supply LNG in Singapore beyond the first 3 million tonnes per annum have until December 31 to submit a proposal.

EMA will then evaluate the proposals and shortlist up to three parties for the second stage of selection, it said.

As of June 2014, incumbent BG Singapore Gas Marketing has contracted for the sale of around 2.7 million tonnes per annum of LNG, or about 90 percent of its exclusive franchise.

EMA said Singapore's commercial power generation companies have contracted for significant volumes of gas supplies. As such, incremental demand for LNG will only begin to increase more rapidly from 2020.

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