Swedish-Swiss technology company ABB has been awarded a contract by South Korea’s Hanwha Ocean to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal. The vessel will be contracted on long-term charter by Singapore LNG Corporation and moored at Jurong Port. With a capacity of 200,000 cubic metres of LNG, the terminal will increase the city state’s LNG import capacity by 50 percent compared to the current land-based terminal. The new terminal is a strategic investment in Singapore’s energy infrastructure and forms part of its transition towards net-zero emissions. According to Singapore LNG, the facility will process up to five million tonnes of LNG annually, adding flexibility to the country’s energy system.