Legislation to extend tax credits that support the conversion of conventional vehicles to run on cleaner fuels, such as natural gas, is awaiting the signature of Oklahoma’s governor after passage by the state House. The incentive, which covers about half the cost of converting a typical vehicle and three-quarters of the cost of establishing an alternative fueling station, will be extended until 2020. The incentives are expected to cost the state — a major natural gas producer — $1.5-2 million per year.
Singapore received its first commercial delivery of liquefied natural gas (LNG) Tuesday at a new terminal on Jurong Island, joining the ranks of global LNG importers and diversifying its energy portfolio. The cargo was delivered by BG Group plc, which has a license to import and sell up to 3 million tonnes per annum (mtpa). The terminal has initial throughput capacity of 3.5 mtpa, which is expected to increase to 6 mtpa by the end of this year when a third tank, additional jetties and regasification facilities are completed, said Singapore’s Ministry of Trade and Industry, the country’s Energy Market Authority, and state-run Singapore LNG Corp. said. Supplies are sourced from Australia. Singapore relies heavily on natural gas to fuel power plants. Singapore, Japan and South Korea are all viewed as having potential to become home to a gas trading hub.
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