BMI View: Petrochemicals and refining remain the lifeblood of Singapore, with strong regional demand growth meaning there is potential for capacity expansion – although investment in countries such as China and Vietnam has led to increasingly fierce competition. Growing gas demand means liquefied natural gas imports are needed to augment pipeline volumes from Indonesia and Malaysia. The main trends and developments we highlight in the Singaporean Oil & Gas sector are: ? Singapore’s first liquefied natural gas (LNG) import terminal, expected to be ready in Q213, will be expanded to ensure it can meet all of the island-state’s gas demand, …
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