BG ties up 88% of Singapore gas

BG Group has sold 88% of the 3 million tonnes per annumunder its gas aggregator contract with Singapore.

Energy Market Authority chief executive Chee Hong Tat saidthe UK-based gas major has sold 2.65 tpa of the Singapore LNG terminal’scapacity. “Singapore’s domestic LNG uptake has also surpassed initialexpectations,” he told the LNG Supplies for Asian Markets conference.

Chee said BG should sell all of the volumes under the gasaggregator contract either this year or next.