The Services Market for LNG in Singapore: Opportunities and Liabilities in the Light of the EUSFTA

Abstract

This report is prepared as part of a joint project between the Trade and Economics Section of the EU Delegation to Singapore and the Embassy of the Kingdom of the Netherlands to Singapore. It attempts to scrutinize recent developments in reference to the services market for LNG in Singapore, identifying potential opportunities and liabilities for European companies operating in ASEAN. Part of this analysis is a conformity assessment between the Singapore Gas Act and the upcoming EUSFTA. The start of LNG terminal operations in May 2013 allowed Singapore to start importing liquefied natural gas (LNG) from all over the world, strengthening its position as an international trading hub. EU companies have significant expertise in this area, rendering them likely beneficiaries of Singapore's growing LNG trade.

Note: Disclaimer: none of the author's views expressed herein necessarily reflect the views expressed by the European Commission.

Keywords: LNG, Singapore