BG Group to import more LNG in Singapore from 2013

Britain's BG Group will import additional spot cargoes of liquefied natural gas (LNG) into Singapore from 2013 on top of the 3 million tonnes of term supply it is contracted to sell to power and industrial users in the city-state, Seatrade Asia online reports. Singapore is building a 6 million tonnes per year (tpy) regasification facility primarily to meet growing domestic demand for power, but also as a platform to facilitate spot trading as more LNG traders set up operations. ?Under an agreement with the government, BG will start importing up to 3 million tonnes per year of LNG, or around 3-4 cargoes a month, to term customers through the terminal when it becomes operational in the second quarter of 2013.