Construction of the FSRU for Singapore's Second LNG Terminal Begins

Singapore LNG Corporation Pte Ltd (SLNG) participated in a steel cutting ceremony held today at Hanwha Ocean Shipyard in Geoje, South Korea, to mark the start of construction of the Floating Storage and Regasification Unit (FSRU) for Singapore’s Second Liquefied Natural Gas (LNG) Terminal. The ceremony marks a significant project milestone, as it initiates the development of a strategic infrastructure asset to strengthen Singapore’s energy security and support the nation’s increasing energy needs. The ceremony was attended by SLNG Chairman, Mr Gan Seow Kee, SLNG Chief Executive Officer, Mr Leong Wei Hung, and Energy Market Authority (EMA) Chief Executive Mr Puah Kok Keong. Mr Hisashi Umemura, Senior Managing Executive Officer of Mitsui O.S.K. Lines Ltd (MOL), the owner and operator of the FSRU, and Mr Sang Don Kang, President & Chief Operating Officer, Head of Commercial Vessel Business of Hanwha Ocean, the South Korean shipbuilder building the FSRU, also participated in the ceremony.

To meet SLNG’s operational requirements, the FSRU has been designed and engineered to operate for up to a 25-year charter period without the need for dry docking, which is a first for FSRUs worldwide. To achieve this, the ship has adopted several American Bureau of Shipping (ABS) ‘SMART’ Class notations that leverage advanced digital technologies to enhance operational efficiency, enable predictive maintenance, and strengthen safety assurance. For example, its main generator engines carry the SMART MHM (Machinery Health Monitoring) notation, delivering real-time insights into machinery health and enabling proactive, data-driven servicing. Coupled with dedicated onboard maintenance spaces and purpose-built clearances within the vessel’s design, critical systems servicing can be carried out in situ, ensuring compliance and maintaining peak performance without entering a shipyard.

The FSRU will have a storage capacity of 204,000m3 and a regasification capacity of 5 Million Tonnes Per Annum (MTPA). This regasification capacity is sufficient to power roughly 6 million 4-room HDB flats for an entire year. When completed, the FSRU will measure some 299m in length, which is about the length of three football fields, while spanning 51m in width and rising 55m in height. It will have living quarters that can accommodate up to 45 ship crew personnel, and include facilities for meeting, medical and recreational use.

The FSRU is on track to enter into service by the end of the decade.