Singapore fund posts USD 800 million in LNG

The wealthy Singapore-based fund Temasek Holdings has set aside USD 800 million to invest in LNG for extraction, storage, handling and transportation of the natural gas.

Photo: Hapag-Lloyd

Temasek Holdings will put USD 800 million into LNG projects through the new company Pavillion Energy. The purpose is to break into the market for natural gas, on which Asian demand is expected to rise rapidly in coming years.

Temasek Holdings already has LNG facilities in the US and could not have chosen a better time for its new investment, as the state-owned Singapore LNG Corp. (SLNG) - which is planning to build its first LNG terminal for import and delivery of the alternative fuel - has just received its first shipment of LNG

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