King & Wood Mallesons has advised Sembcorp Fuels (Singapore) Pte. Ltd (Sembcorp) on its successful proposal to the Energy Market Authority to be appointed as a term Liquified Natural Gas importer for Singapore.
The EMA conducted a competitive request for proposal process to select two new LNG importers, taking the total number of term LNG importers in Singapore to four. The proposals by Sembcorp and Exxon Mobil LNG Asia Pacific were determined by the EMA to be the most competitive proposals it received. Sembcorp and ExxonMobil join Pavilion Energy Pte. Ltd. and Shell Eastern Trading (Pte) Ltd as the four licensed long term LNG importers in Singapore.
The appointment will enable Sembcorp to import LNG on a term basis (that is, for periods of 1 year or longer) and sell regasified LNG to customers in the Singapore market, augmenting its existing portfolio of energy generation sources and supplies in Singapore, which now includes LNG, piped natural gas, biomass, waste and solar.
Sembcorp offers gas importation, gas trading and regasification infrastructure solutions for various industries.
The KWM team was led by David Phua (Picture).
Involved fees earner: David Phua – King & Wood Mallesons;
Law Firms: King & Wood Mallesons;
Clients: Sembcorp Fuels ;