New CEO to Take Helm at Singapore LNG
01.31.2024 By Tank Terminals - NEWS

January 31, 2024 [LNG Prime]- Leong Wei Hung has been appointed as the chief executive officer of Singapore LNG, the operator of the country’s first LNG import terminal on Jurong Island.

 

With effect from April 7, 2024, he will succeed current CEO Tan Soo Koong, who is retiring after five years with SLNG.

To allow for a period of transition, Leong will assume the role of CEO (designate) of SLNG, from February 1, SLNG said in a statement.

He has been a non-executive director of SLNG’s board since May 2022.

Prior to this, Leong had a career spanning more than 28 years with LNG giant Shell, where he served in various roles across several portfolios in refining, chemicals, trading and supply, based in Singapore and the United Kingdom.

He was also a board member of Shell Eastern Petroleum and Shell Eastern Trading, and served as advisor to several other companies.

“We have been keeping a look-out for a possible new CEO as part of a planned succession process. We are fortunate that Wei Hung has agreed to take on the role and continue the good work that has been achieved so far,” SLNG chairman Tang Kin Fei said.

“He is a well-regarded veteran of the industry, is passionate about SLNG and is eager to take the company to new heights. SLNG is in good hands,” he said.

 

Two LNG Terminals

Singapore’s first LNG terminal on Jurong Island began commercial operations in May 2013.

It currently operates with two jetties, three storage tanks of 180,000 cbm each, a fourth storage tank of 260,000 cbm, and a peak sendout capacity of around 11 mtpa.

As of end September 2023, the LNG terminal has received about 430 LNG cargoes for its throughput service, or some 26.58 million tonnes, according to Singapore LNG.

In October last year, SLNG also secured approval from the Singapore government to develop and operate the country’s second LNG import facility.

SLNG previously said it is studying a floating storage and regasification unit (FSRU) concept for the second terminal.

The firm is aiming to have the second terminal operational by the end of this decade.

 

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