April 2010 - Keppel Corporation

Sustaining Growth 27mammoth rigs and vesselsberthed at the facilities.BRAZILIAN RELATIONSMr Choo Chiau Beng, CEOof Keppel Corporation andSingapore’s Non-ResidentAmbassador to Brazil,paid a friendly visit toMr Leonel Arcângelo Pavan,Governor of SantaCatarina, in mid-April2010. Also attended byother Brazilian stateofficials, the meetinghelped foster strongerSingapore-Brazil relations.keppeliteGovernor Luiz Henrique da Silveira (extreme right) giving Mr Choo Chiau Beng a warm welcomeDiversifying LNG sourceKeppel Merlimau Cogen(KMC) inked conditionalagreements to buyliquefied natural gas (LNG)from the BG Groupduring the groundbreakingceremony for Singapore’sfirst LNG terminal.Mr S Iswaran, Senior Ministerof State, Ministry of Tradeand Industry, and Ministryof Education, officiatedthe ceremony held on31 March 2010.Dr Ong Tiong Guan, MD ofKeppel Energy, signed theagreements on behalf ofKMC while Mr Iswaran andother dignitaries, includingthe CEO of KeppelCorporation, Mr Choo ChiauBeng, bore witness.KMC was one of sixcompanies that entered intolong-term gas purchasecontracts with the BG Groupfor an initial tranche ofaround 1.5 million tonnesper annum. This LNG supplyallows KMC to diversify itsenergy source.With regards to these initialLNG deals, Mr Iswarannoted, “This representsabout one quarter of thevolume presently importedby pipelines into Singapore.”The terminal is expected tostart operations in early-2013.It will be Asia’s first openaccessmulti-user terminal,capable of importing andre-exporting LNG frommultiple suppliers. keppeliteKMC diversifies its energy source through purchase of LNG from the BG Group, Singapore’s LNG supplier and gas demand aggregatorKeppelite I April 2010