Singapore expects all parties to honour commitments, says PM Wong after Indonesia cuts gas exports
Prime Minister Lawrence Wong of Singapore emphasized the importance of all parties honoring commitments made under commercial contracts during a recent conference. Wong stated that Singapore expects its gas importer to take necessary steps to protect its rights and interests in the face of potential disruptions to gas supply.
Indonesia recently announced a reduction in natural gas exports to Singapore, cutting the daily supply by 31 billion British thermal units (BBTUD), starting from October 24. This reduction primarily affects gas supplied through pipelines from Natuna and Sumatra. Indonesia's upstream oil and gas regulator, SKK Migas, confirmed that the cuts would only impact Singapore, as the export pipelines are directly connected to the city-state.
Singapore's total daily gas demand exceeds 1,000 BBTUD, and the EMA assured that the Indonesian reduction would only account for less than 2% of the country's daily gas requirements. Over an 18-day period, the total reduction from Indonesian gas imports amounts to 17 BBTUD.
In response to the potential gas supply challenges, Singapore has been investing in liquefied natural gas (LNG) terminals to diversify its energy sources and reduce reliance on pipeline imports. Wong also highlighted the need for Singapore to explore cleaner sources of power that can provide reliable electricity around the clock, including nuclear energy.
The government plans to assess its readiness for nuclear power through an International Atomic Energy Agency evaluation in 2027, covering 19 critical areas such as safety, waste management, and emergency planning.
Wong acknowledged the challenges of pursuing nuclear energy, citing safety concerns and the need to engage Singaporeans in the decision-making process. He also addressed other pressing issues, such as online scams and haze affecting the region, emphasizing the importance of international cooperation to tackle these problems at their source.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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