Vopak starts operations at Singapore LPG terminal

SK Gas

15/02/2016 07:35

By Florence Tan 
    SINGAPORE, Feb 15 (Reuters) - Vopak  VOPA.AS  said on Monday 
it has started operations at a liquefied petroleum gas (LPG) 
import and storage terminal in Singapore, the first independent 
LPG storage site in southeast Asia. 
    The terminal has an initial capacity of close to 80,000 
cubic metres, Vopak said in a statement. 
    "We are very well positioned to capture the flows of LPG 
coming from the U.S. and the Middle East," Tan Soo Koong, 
managing director of Vopak Terminals Singapore, said in a 
statement. 
    Asia has seen a rise in imports of LPG, a fuel for 
residential use for cooking and heating and a feedstock for 
petrochemical production. 
    Vopak said its Banyan terminal at Singapore's Jurong Island 
received its first LPG cargo onboard the tanker Sun Aries as 
part of the start up. 
    The shipment of liquefied propane from the tanker will be 
delivered to ExxonMobil  XOM.N , one of the anchor tenants of 
Vopak's Singapore terminal. 
    "The LPG facility will help in providing us increased 
flexibility in securing advantaged feedstock," Gan Seow Kee, 
chairman and managing director of ExxonMobil Asia Pacific Pte 
Ltd. 
    Vopak owns 80 percent of the terminal and SK Gas 
International Pte Ltd, a unit of South Korea's SK Gas 
 018670.KS , holds the remaining share. 
     
 
 (Reporting by Florence Tan; Editing by Christian Schmollinger) 
 ((Florence.Tan@thomsonreuters.com; +65 6870 3497; Reuters 
Messaging: florence.tan.thomsonreuters.com@reuters.net)) 
 
Keywords: SINGAPORE OIL/