The Straits Times-Oct 26, 2023

Minister for Trade and Industry Gan Kim Yong announced a fundamental shift in the national gas procurement strategy at the Singapore International Energy Week on Monday, when he said that the Government would be centralizing the procurement and supply of gas for the power sector, under a central gas company, by aggregating demand from generation companies, or gencos. The objective is to create a more stable and secure power system in a situation where, since Singapore is expected to rely on natural gas for more than half of its power generation needs by 2035, further steps need to be taken to ensure that supply remains sufficient, reliable and competitively priced, according to the Energy Market Authority (EMA). Read more at: