Dateline 2014-11-19, NST:
Malaysia and Singapore need to develop an Asian liquefied natural gas (LNG) hub as a platform to provide an economically sustainable energy solution to Asian countries.
Chief Executive Officer of Singapore’s Pavilion Energy, Seah Moon Ming said the initiative could facilitate transparent LNG pricing and price discovery, leading to an Asian LNG Price Marker as well as development of financial instruments such as LNG future contracts.
“It is timely for the two countries to work together towards an Asian LNG hub as their locations in the Straits of Malacca and South China Sea are host to some of the world’s vital sea lanes with about 50 per cent of global LNG supplies passing through each year.
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Wata - Malaysian Oil and Gas Engineer 