Singapore emerges as preferred LNG trading hub in Asia

Singapore emerges as preferred LNG trading hub in Asia

Backed by trading infrastructure and institutional structures, Singapore has emerged as the preferred Asian liquefied natural gas (LNG) trading hub, according to a survey firm Deloitte.

A poll of senior energy sector leaders found that four out of five voted Singapore as the country most likely to become the Asian LNG trading hub in the next five to 10 years. The poll was conducted at the first annual Energy Trading Summit which was organised last week in Singapore.

Mark Edmunds, Deloitte oil and gas Asia-Pacific regional leader, said, “Singapore’s world class reputation as a commodity trading hub makes it an obvious choice. Trading infrastructure and institutional structures are in place, and the country has a strong trading talent pool and strategic geographic location  all factors supporting the development of LNG trading capability.” Read More…

 

Credit By :  Connected To India

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