Global Oil & Gas: Trafigura, SLNG ink storage agreement


Trafigura signed a second storage and reload services agreement with Singapore LNG Corporation (SLNG) at the SLNG terminal on Jurong Island, it said June 18, a few weeks after the event. The first agreement was signed in July 2015.

Under the agreement, Trafigura will have access to 160,000 m³ of firm capacity for the next 24 months. “We are very glad to be renewing our partnership with SLNG,” said Trafigura’s Asia-Pacific head, Chin Hwee Tan. “LNG storage in Singapore allows us to offer our customers additional security of supply and flexibility.”

“SLNG is very pleased to once again offer our storage and reload services to Trafigura and we look forward to continuing our fruitful working relationships with the company. Through this and our other ancillary service offerings, SLNG aims to facilitate more LNG trades and market plays out of Singapore, contributing to the development of Singapore as an LNG hub,” SLNG CEO John Ng said.

SLNG has a similar storage agreement with Pavilion Gas.

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