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Jurong Island—Asia’s preemptive LNG trading hub?

05.01.2013  |  Nichols, L.,  Hydrocarbon Processing

Keywords: [LNG] [construction] [natural gas]

In the South Pacific, the artificial island of Jurong Island is the heart of Singapore’s energy and chemicals industry. It houses over 100 leading global petroleum, petrochemicals and specialty chemicals companies. With a rich history as an oil trading hub, Singapore is on course to become a regional liquefied natural gas (LNG) trading center with the construction of its first LNG terminal.

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Samuel Sze

Singapore may not necessary be the real central location in Asia as the main users are located in the more northern part of the region like China, Taiwan, Korea and Japan. In connnection with the possibility of growing supply through the tran-pacific route from US and Canada, places like Taiwan or Hong Kong seem to be more central in the Region. Tax benefit in setting up operation and business in this area also attractive. Even with the focus of economic growth of these area, it is driving a more business friendly environment and less in costing in the future.

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