LNG import jetty, image (c) Singapore LNGOct. 18 (Bloomberg) — Singapore LNG Corp., the operator of the Southeast Asian country’s first liquefied natural gas receiving and exporting terminal, appointed John Ng to succeed Neil McGregor as chief executive officer from Dec. 1.
McGregor, who will become a non-executive director, is being replaced in a planned succession, the company said in an e-mailed statement today. Ng was previously the CEO of YTL PowerSeraya Pte, an electricity retailer.
SLNG was formed in June 2009 by the Energy Market Authority, Singapore’s energy regulator, to own and operate the S$1.7 billion ($1.4 billion) terminal on Jurong Island. The company will be led by a new CEO as it begins discussions with contractors to expand the facility’s throughput capacity to 9 million metric tons a year.
An “expression of interest” has been issued to potential contractors and a final investment decision, including the awarding of work, is expected to take place early in the second quarter of 2014, according to the statement.
The LNG terminal started commercial operations in May with an initial regasification capacity of 3.5 million tons a year. This will increase to 6 million tons by the end of 2013 after a third storage tank and additional facilities start up.
U.S. energy company Williams Cos WMB.N said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.
Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump's trade tariffs.
(Bloomberg) — The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container...
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