The total budget for the terminal funded by the Singapore government is SGD1.5bn, of which about SGD1bn is for the EPC contract.
SLNG, which owns and oversees the development of the terminal, will issue a ‘notice to proceed’ to Samsung C&T to start the design, engineering and construction phases of the terminal.
Jeong Cheol, senior executive vice president of Samsung C&T, said: “Singapore is a key priority to us. We are very excited about the opportunity to work with SLNG on Singapore’s first LNG terminal. We hope to leverage on our expertise and experiences, and deliver a successful LNG terminal to Singapore on schedule.”
In addition to the EPC contract, Foster Wheeler Asia Pacific (Foster Wheeler) has also been appointed by SLNG to be its project management consultant. SLNG and Foster Wheeler will jointly manage the EPC contractor through an integrated project management team approach.
The LNG terminal at Jurong island will have an initial capacity of 3.5 million tonnes per annum (Mtpa), with provisions for expansion to 6Mtpa or more, if required. The LNG terminal will be located on an approximately 30-hectare site on the south western part of Jurong island.
