InterviewGPCA ’09: Shell keen on possible Singapore LPG terminal

09 December 2009 10:13  [Source: ICIS news]

DUBAI (ICIS news)--Energy giant Shell is interested in the construction of a liquefied petroleum gas (LPG) terminal in Singapore, where its major petrochemical hub is located, said a company executive on Wednesday.

“We are actively looking at how we can make that work and I'm sure there are multiple roles that we can play in that sort of development,” said Shell Chemicals' executive vice president, Ben van Beurden, in an interview on the sidelines of the 4th Gulf Petrochemicals and Chemicals Association (GPCA) summit.

One possibility was that The Polyolefin Company of Singapore, in which Shell and partner Qatar Petroleum Investment have a joint 30% stake, would be among the customers of such an arrangement, while the Qataris would become the suppliers, said van Beurden.

“There's trading that you can do around it and there's demand congregation that could happen, so there are balls for us in all of that,” he added.

Singapore is considering the possibility of having a dedicated LPG terminal as it looks at means of diversifying feedstocks to enhance the long-term competitiveness of its energy and petrochemical industry, the Economic Development Board (EDB) said in a statement to ICIS news.

“An LPG terminal is one of the many options that the industry is considering, and we believe that any option that adds operational flexibility and contributes to ensuring competitiveness of the industry should be studied seriously,” the EDB added.

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By: Pearl Bantillo
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