Regional LNG: Samsung bags EPC contract for Singapore LNG terminal

The Singapore Energy Market Authority announced on Monday that The Singapore LNG Corporation Pte Ltd (SLNG) has awarded the contract for the engineering, procurement and construction (EPC) of Singapore's LNG terminal to Samsung C&T Corporation.

The total budget for the terminal funded by the Singapore Government is S$1.5 billion, of which about S$1 billion is for the EPC contract.

The terminal will be located at Jurong Island will have an initial capacity of 3.5 million tonnes per annum (MTPA), expandable to 6MTPA or more. Operation is expected to start late 2013.

SLNG, which owns and oversees the development of the terminal, will issue a ?Notice to Proceed? to Samsung to start the detailed design, engineering and construction phases of the terminal immediately.

The LNG terminal is expected to be Asia?s first open-access, multi-user terminal. The terminal will not only provide capacity for Singapore to import regasified LNG for its own needs, but also open up opportunities for companies to make use of the terminal for LNG trading.

In addition to the award of the EPC contract, Foster Wheeler Asia Pacific Pte Ltd (Foster Wheeler) has also been appointed by SLNG to be its Project Management Consultant. SLNG and Foster Wheeler will jointly manage the EPC contractor through an ?Integrated Project Management Team? approach, which would allow SLNG to be fully involved in the management of the engineering and construction activities. ?(robert)