Related Articles
Forward article link
Share PDF with colleagues

Greater Singapore storage developments challenge Singapore

New independent oil storage terminals due to start-up in 2014 and 2015 could threaten Singapore’s good times

By the middle of 2015, two new independent oil terminals near Singapore will have started operations, competing for the trade which has given the Singapore operators the highest storage fees in the world. The new terminals – in Indonesia and Malaysia, but directly facing the shipping lanes to Singapore – will add capacity equivalent to 22% of Singapore’s existing terminal capacity. For a while now, Singapore’s storage insiders have been talking about the emergence of a Greater Singapore oil hub. With no more land available for storage terminals in Singapore, some argue that new terminals to be built nearby will secure the long-term future of the Singapore hub – which is seeing competition f

Also in this section
LNG: Churning it out
16 November 2017
Producers face a further period of low prices as more production comes online
Total shores up LNG market share with Engie asset grab
14 November 2017
The French supermajor's acquisition gives it access to 10% of the global LNG market, second only to Shell
Singapore poised for LNG hub
10 November 2017
The country is ready to play a leading role in meeting surging liquefied natural gas demand in the region's rapidly expanding market. In emailed responses, Singapore LNG Corporation's (SLNG) chief executive said his company is strategically placed to meet emerging market demand