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Spot Throughput Services
As part of the Post-3 Mtpa LNG Import Framework, the Energy Market Authority (EMA) has decided to allow spot LNG import by interested parties. LNG that is imported for local use by Singapore gas users (in the form of LNG or regasified LNG) is considered spot LNG import if the term for supply does not exceed 12 months. Based on EMA’s Spot Import Policy, the allowed annual quantity of spot LNG will be capped at 10% of the total contracted gas quantity under long-term gas sales agreements for both LNG and piped natural gas. This will be determined by EMA on an annual basis.
In addition, to promote diversification of the indices used for pricing LNG supply, the EMA requires at least 30% of the Allowed Spot LNG Import Quantity to be price-indexed to the SGX LNG Index Group (Sling) created by the Energy Market Company and the Singapore Exchange. Hence, for each calendar year, when the total spot LNG import quantity that is not price-indexed to Sling reaches 70% of the Allowed Spot LNG Import Quantity, SLNG is not allowed to enter into additional contracts for non-Sling-indexed spot LNG import for the remainder of the calendar year without EMA’s prior approval.
Please refer to the table below for the Allowed Spot LNG Import Quantity for calendar year 2019. The Allowed Spot LNG Import Quantity and required terminal capacity for spot LNG import will be allocated on a first-committed-first-served basis. Parties will be able to execute contracts for Spot Throughput Services at most 125 days before the start of the calendar year, and at least 45 days before the start of the services.
Allowed Spot LNG Import Quantity for Calendar Year 2019
|Allowed Spot LNG Import Quantity for CY2019
|Allowed Spot LNG Import Quantity still available in CY2019
|Allowed Spot LNG Import Quantity (non-Sling-indexed) still available in CY2019
|The Singapore LNG Terminal's tariffs for Throughput Services are regulated by EMA. Our tariffs for Throughput Services related to long-term and short-term gas sales agreements are, at present, the same. For details on the long-term terminal tariffs for Throughput Services, please click here. In addition, Spot Throughput Customers who require additional storage beyond 30 days will be required to pay an Additional Storage Charge of S$0.20/mmbtu for each additional day’s storage.
Parties interested in becoming spot LNG importers should approach SLNG with your business requirements. If you have queries regarding the Spot Throughput Services and/or its tariffs, please drop us an email at CommOps@SLNGCorp.com