I SQUARED CAPITAL, A GLOBAL INFRASTRUCTURE FUND WITH OVER USD13 BILLION OF ASSET UNDER MANAGEMENT FORMS PARTNERSHIP WITH GASHUB HOLDINGS, FOR SMALL SCALE LNG DISTRIBUTION.
The partnership will explore small scale LNG distribution via virtual pipelines to commercial and industrial customers in Singapore and South East Asia market eliminating the need for time-intensive and costly pipeline investments, while capitalizing on the fast-growing global demands for natural gas as a clean fuel and its abundant supply.
GasHub Holdings is a well-established Singapore company and a market leader in gas pipeline engineering services since 1991. They were recently awarded an occupational license within Jurong Island by JTC for their LNG rebottling plant. It is expected to commence operations by Q1 2020 with the small scale LNG distribution in Singapore to start by H12020.
Gashub believes the partnership with I Squared is a big step forward in achieving Gashub’s aim of bringing a cleaner alternative source of fuel to Southeast Asia. The small scale LNG virtual pipeline solutions will also bridge the demand-supply gap of high energy demand areas that have limited or no access to the gas pipelines and electricity.
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