Download LNG Press Release Companies Shortlisted for Stage Two

MEDIA RELEASE
29 May 2015
FOUR COMPANIES SHORTLISTED FOR STAGE TWO OF EMA’S REQUEST
FOR PROPOSAL TO MEET SINGAPORE’S NEXT TRANCHE OF LIQUEFIED
NATURAL GAS DEMAND
Stage Two to Commence on 29 May 2015
The Energy Market Authority (EMA) has shortlisted four companies to
participate in Stage Two of its Request-for-Proposal (RFP) to import the next tranche
of Liquefied Natural Gas (LNG) into Singapore.
2
In February 2014, EMA introduced a Competitive Licensing Framework to
provide Singapore with the flexibility to procure LNG on a tranche-by-tranche basis,
to meet incremental market demand. This approach allows us to keep our options
open to take advantage of opportunities arising from changing global market
conditions.
3
In June 2014, EMA launched Stage One of a two-stage RFP process to
appoint up to two importers to meet the next tranche of Singapore’s LNG demand.
Stage One closed on 31 December 2014 and saw nine bids from 10 companies. As
the bids received were very competitive and demonstrated a high level of quality in
both price and non-price terms, EMA has shortlisted four companies to participate in
Stage Two, instead of up to three companies as originally envisaged. The
shortlisted companies are (in alphabetical order):
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BG Singapore Gas Marketing Pte. Ltd.
Pavilion Gas Pte. Ltd.
Sembcorp Industries
Shell Eastern Petroleum (Pte) Ltd
4
Stage Two will take place from 29 May 2015 to 29 February 2016. During this
period, the four shortlisted companies will negotiate and enter into binding
commitments with potential LNG buyers, and submit their proposals to EMA by
11.00am (Singapore time) on 29 February 2016 for evaluation.
5
EMA will appoint up to two companies to import LNG for Singapore. The
appointed importer(s) will each be awarded an exclusive franchise to import and sell
LNG in Singapore. This franchise will be valid for three years from the date of licence
issuance, or when they have sold 1 Mtpa of LNG, whichever is earlier.
6
More information on Stage Two is available in the RFP document on EMA’s
website (https://www.ema.gov.sg/LNG_RFP.aspx).
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About the Energy Market Authority
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade
and Industry. Its main goals are to ensure a reliable and secure energy supply,
promote effective competition in the energy market and develop a dynamic energy
sector in Singapore. Through its work, the EMA seeks to forge a progressive energy
landscape for sustained growth. Please visit our website www.ema.gov.sg for more
information.
For more information, please contact:
Ms Sharon Tan
Assistant Director, Corporate Communications
DID: 6376 7542
Email: [email protected]