Singapore Companies Interested in Cooperation With Russia in LNG Projects

Representatives of Singapore companies visited oil and gas facilities on the Russian far eastern island of Sakhalin in September, and expressed interest in participating in some projects, according to Russian Ambassador to Singapore Leonid Moiseev.

SINGAPORE, December 2 (Sputnik) — Singapore companies are interested in cooperation with Russia in oil and gas projects, particularly in liquified natural gas (LNG), Russian Ambassador to Singapore Leonid Moiseev told RIA Novosti Tuesday.

"They [Singapore companies] want to become the center of LNG trade in the Asia-Pacific region, they are currently building the second LNG terminal; perhaps, there will be the third terminal in the future," the ambassador said, adding that the country's projected LNG capacity will reach about 14 million tons.

Moiseev said that Singapore is interested in getting as many partners in the area as possible, including those from Russia.

According to the ambassador, representatives of Singapore companies visited oil and gas facilities on the Russian far eastern island of Sakhalin in September, and expressed interest in participating in some projects. In addition, Singapore may consider opening of polystyrene production based on Sakhalin fields.

The ambassador added that Singapore's increased interest toward Russia is linked with the landmark gas deal between Russia's Gazprom and China's CNPC.

In May, the two companies signed a contract to export 38 billion cubic meters of gas to China annually for a 30-year period via a 3,000-kilometer (1,860-mile) Power of Siberia pipeline. The construction of the pipeline was launched on September 1, with deliveries due to start in 2018.