Singapore aims to be Asia LNG hub as demand soars

Planned storage terminal to boost nation's status in region's energy sector

China LNG

Already a major financial hub, Singapore wants to capitalize on its location to become an important trading center for LNG. © Getty Images

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- As demand for clean energy grows in China, India and Southeast Asia, Singapore has ramped up efforts to become a regional hub for liquefied natural gas trading, capitalizing on its location as an established center of finance and trade.

The city-state took another step forward last month when the government expressed interest in building the country's second LNG terminal. The facility could be used to split up large-scale LNG shipments into smaller parcels and supply them to the region. 

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.