Efforts made to address S’pore’s future energy needs

SINGAPORE — The Energy Market Authority (EMA) intends to provide more detailed information on Singapore’s long-term energy outlook, and also plans to seek feedback on a proposed land allocation framework for new power plants, said Minister for Trade and Industry (Industry) S Iswaran yesterday.

This will form part of government efforts to support energy investments in Singapore and address most of the country’s future energy needs, the minister said in a speech at the opening of Singapore International Energy Week. The Government also plans to establish a Secondary Gas Trading Market (SGTM) in Singapore, where gas buyers and sellers can trade gas domestically on a short-term basis, to “enhance Singapore’s position as a hub for LNG and gas trading activities”.

A consultation paper to seek industry feedback on the design for a domestic SGTM was issued yesterday. EMA intends to put out more information on the projected growth of the longer-term energy market outlook in Singapore, which would include information on the projected growth of electricity system demand, as well as a mix of sources coming from gas plants, solar power and electricity imports by 2030. Francis Law