Trafigura and SLNG sign a storage agreement to utilise excess capacity at the Singapore LNG Terminal
Singapore, 23 June 2015 - Trafigura Pte Ltd, ("Trafigura"), a market leader in the global commodities industry, and Singapore LNG Corporation Pte Ltd, (“SLNG”), operator of the country’s first liquefied natural gas (LNG) terminal, have signed a storage agreement to utilise excess capacity within the Singapore LNG terminal on Jurong Island.
“SLNG is very pleased to offer our Storage & Reload services to multinational commodity trading house, Trafigura. This agreement will not only allow our company to better optimise the use of the spare capacity at our terminal, it is also a step forward in facilitating LNG trading out of Singapore,” said John Ng, Chief Executive Officer at SLNG.
“We are proud to have been selected by SLNG for this term storage agreement which further enhances Trafigura’s ties with the state of Singapore and will help us demonstrate our commitment to security of supply for our Asian customers,” said Hadi Hallouche, Head of LNG at Trafigura.
For further information please contact:
Trafigura’s Global Press Office: +41 22 592 45 28 or email@example.com
SLNG’s Corporate Communications Manager, Mr Simon Ang: +65 9664 6161 or SimonAng@SLNGCorp.com
On Singapore LNG Corporation:
Singapore LNG Corporation (SLNG) Pte Ltd developed and built Singapore’s first liquefied natural gas (LNG) terminal on Jurong Island. The company has been operating the Terminal since 7 May 2013. Its core businesses include providing LNG terminalling, storage, regasification and send out services, as well as vessel cool-down and storage & reload services. Beyond these, SLNG is continuously exploring new LNG business opportunities as it pursues its vision to be a world class LNG Terminal Operator enabling the growth of the Energy Market and LNG Hub in Singapore. www.slng.com.sg
Founded in 1993, the Trafigura Group has become one of the world’s leading independent commodity traders, specialising in the oil, minerals and metals markets. The company has achieved substantial growth in recent years, growing revenue to USD127.6 billion in 2014. Primary trading activities are the supply and transport of oil and petroleum products and metals and minerals. The trading business is supported by industrial and financial assets including global oil products distribution company Puma Energy; joint venture company DT Group; global terminals operator Impala; Trafigura’s Mining Group and Galena Asset Management. The Trafigura Group is owned by 600 of its 5,300 employees who work in 36 countries around the world. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. www.trafigura.com