Singapore — Singapore, which is vying to become a regional centre for the trading of liquefied natural gas (LNG) in Asia, has picked Royal Dutch Shell and Pavilion Gas as its next suppliers of the fuel. They would have exclusive rights to sell 1-million tonnes of LNG annually for up to three years, with imports beginning in 2017, the city-state’s Energy Market Authority said. The country would also consider spot purchases of the supercooled fuel and piped natural gas on a case-by-case basis, Industry Minister S Iswaran said at the Singapore International Energy Week conference on Monday. Singapore wants to use its geography and stature as Asia’s oil-trading centre to also be a leader in LNG in a region that accounted for more than 70% of global demand in 2015. The nation has built a receiving terminal, while the state-owned investment company set up Pavilion Energy in 2013 to trade the fuel. It has drawn firms from Glencore and GAIL India to open trading desks in the country, and Si...
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