BG to start LNG shipments to Singapore

A major player in the world of Alaska gas exploration plans to ship large amounts of liquefied natural gas to Singapore for as long as 20 years.

Through a memorandum of understanding signed with the Energy Market Authority of Singapore on April 18, London-based BG Group will supply the East Asian island nation with more than 3 million tons of LNG each year.

The deliveries are expected to begin in 2012, timed to coincide with the completion of a new LNG terminal in Singapore. One of the world’s largest natural gas companies, BG Group is a partner in several exploration ventures across the North Slope of Alaska and foothills of the Brooks Range.

As deliberations on a gas pipeline continue, the company has expressed support for an in-state line to export Alaska North Slope gas to East Asian markets as LNG.

—Petroleum News