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SINGAPORE - GAZ de France will team up with Singapore Power to build the city-state's first liquefied natural gas terminal, the Singapore firm said on Monday.
Gaz de France will hold a 30 per cent stake in the joint venture project that involves construction of a terminal with a capacity of 3 million tonnes of gas a year.
The terminal complex will include a jetty, unloading facilities, storage tanks and a 're-gasification' plant, Power Gas, a unit of Singapore Power, said in a statement.
Power Gas declined to disclose the expected cost of the project. Resource-poor Singapore is keen to diversify its energy supplies. -- REUTERS
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