Singapore’s central gas buyer affirms Indonesia’s role as ‘important partner’ amid export review warning

Singapore's central gas buyer, Singapore GasCo, has affirmed Indonesia's role as a "key regional partner" for energy security amid warnings that a supply curtailment could raise power prices, according to the CEO Alan Heng. This stance came after Indonesia's Coordinating Minister for Downstreaming and Energy Transition Bahlil Lahadalia indicated that the country may not renew gas export contracts with neighboring nations, and later warned of potential energy exports to unspecified countries that "disrespect" Indonesia.

While not commenting on Lahadalia's remarks directly, Heng emphasized the importance of maintaining close collaboration with regional partners to enhance Singapore's energy security and resilience. Indonesia is a major natural gas supplier to Singapore, providing 95% of the city-state's electricity generation through the fossil fuel.

In 2025, Singapore imported 3.22 million tonnes of natural gas from Indonesia, making it one of the country's largest importers. Singapore's gas imports consist of piped natural gas (PNG) from Indonesia and Malaysia, as well as liquefied natural gas (LNG) shipped from various global sources. In 2025, PNG accounted for 43% of the country's total gas imports, while LNG made up the remaining 57%.

Singapore GasCo's procurement strategy emphasizes the diversification of supply sources, geographies, and contract durations to mitigate risks associated with changes in supply and market conditions. The company is also expanding its regasification and storage capacity by the end of the decade, intending to increase its flexibility in adjusting the supply mix over time.