2.—(1) Section 6(1)(h) of the Act does not apply to any person (not being an ineligible person) that —| (a) | imports LNG; | | (b) | has, on the date of the import of the LNG, a contract with Singapore LNG Corporation Pte Ltd for a period commencing no later than that date and not exceeding 12 months (including any extension or renewal of the contract), for the storage and send-out of the LNG; and | | (c) | has not, in respect of any LNG previously imported by the person (but imported on or after 1 January 2018) and to which sub‑paragraph (b) applies, failed to consume or send out the LNG within 12 months after the date of import of that LNG. |
(2) For the purposes of sub‑paragraph (1), an ineligible person is —| (a) | a person that holds a licence mentioned in section 7(3)(a), (b) or (f) of the Act; | | (b) | a person that holds a licence mentioned in section 7(3)(h) of the Act for importing LNG; or | | (c) | a person that holds a licence mentioned in section 9(1)(b), (ba), (e) or (g) of the Electricity Act (Cap. 89A). |
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