Jurong Island: surprise move by Spore to invest a further $400m to boost its initial $1.5 billion LNG terminal development, barely seven months after the groundbreaking in March of the first-phase 3.5 million tonnes per annum LNG terminal on Jurong Island...
This follows stronger- than-expected gas demand from power generating companies and industries here to fuel their utilities plant expansions, plus keen user interest expressed by international traders and liquefied natural gas producers. Probable growth for petrochemical sector and entry of new competitors for the petrochemical EPC players in Spore, namely PEC, Mun Siong, Rotary, Hiap Seng.
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