Singapore: Seah Moon Ming, the chairman of the trade promotion agency known as IE Singapore, heads to Shandong province in northeastern China this week, his first overseas trip in the new role. Seah is also ceo of Pavilion Energy, owned by Singapore state-owned investment company Temasek Holdings. He told local media in Singapore that he is looking at the possibility of building liquefied natural gas receiving terminals in Shandong. Singapore companies such as Jurong Consultants can provide construction and consultancy services for LNG facilities and Rotary Engineering and its firms can build storage tanks, he said.
Pavilion Energy plans to invest in receiving terminals in what IE Singapore described as regional emerging countries.
Chinese LNG terminal projects, which are currently monopolized by the three state-owned Chinese oil industry giants, may well be opened up to private firms soon with the National Development and Reform Committee looking to loosen LNG infrastructure in the country and make it more competitive. [07/04/14]