Singapore – moving towards being a gas hub?

Singapore is positioning itself as the front-runner to become Asia’s gas hub. The country’s LNG terminal is continuing to expand, and further supplies are being secured and will start flowing over the next few years. This expansion will come at a time when the flexibility and scale of the LNG trade will continue to develop – and new, smaller markets could potentially start importing LNG. Could these developments help increase the pace at which Singapore might become Asia’s first gas trading hub?

Singapore has a strong history of hub development. With oil, Singapore has taken advantage of its geographical location and port infrastructure. The government has also created an attractive environment for business - which have seen energy companies and traders flock to the country, making it a major oil trading hub. Having done it in different commodities, Singapore has experience which it can apply to its gas hub ambitions - and it has already attracted LNG traders through its Global Trader Programme.