Singapore’s plan for a second LNG terminal by the end of the decade is forecast to meet almost all of the country’s power generation, and it could help extend Singapore’s role as a key trading hub for the super-chilled fuel.

Although peak utilization was only at 60% this year at Singapore’s Jurong import terminal, concerns over Russia’s invasion of Ukraine last year supported the proposal for a second liquefied natural gas terminal to provide future energy security.

“With a second terminal, Singapore will be able to meet our power generation needs entirely with LNG, if necessary,” Deputy Prime Minister Lawrence Wong said last month during Singapore Energy Week.

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