Trafigura Signs Storage Agreement with Singapore LNG

Trafigura and Singapore LNG Corporation (SLNG) have signed a storage agreement to utilise excess capacity within the Singapore LNG terminal on Jurong Island, the Swiss firm announced Tuesday.

“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.

Trafigura did not provide details about that the capacity leased.

In February this year, SLNG announced it is offering the storage & reload service (S&R) on a spot or short term basis and said it is able to provide storage capacity in excess of 180,000 cubic metres.