, India. Singapore has for years evaluated a shift toward LNG as piped gas supply contracts expire and Indonesia and Malaysia grapple with their own domestic production and demand constraints. In 2019, 95.3% of Singapore's electricity production was from natural gas, and a large quantity of gas is also used to supply the industrial, transportation and city gas sectors. "Spot electricity prices in the Singapore Wholesale Electricity Market fluctuate every half-hour depending on prevailing demand and supply conditions," EMA's spokesperson said. Singapore is set to shift toward LNG to meet the bulk of its gas demand in the coming years as piped natural gas supply contracts are discontinued and LNG import capacity is expanded, with a new floating regasification plant planned in the next decade. On Oct. 15, the EMA published a regulatory update highlighting Indonesian gas curtailments that happened between July 26 and 29 when there was "an unplanned curtailment of piped natural gas supply imported from Indonesia, West Natuna, due to an incident at an upstream production facility.". Gas is a key energy resource for Singapore. Additionally, Malaysia's piped gas supply to Singapore is also subject to similar concerns around pricing and domestic demand commitments. The current contract for piped natural gas via the Grissik-Batam-Singapore Pipeline is due to expire next year. Mr Gan Kim Yong : Singapore imports Piped Natural Gas (PNG) from Malaysia and Indonesia via our PNG importers, Gas Supply Pte Ltd, Keppel Gas Pte Ltd, SembCorp Gas Pte Ltd, and Senoko Energy Pte Ltd. Gas supply contracts are negotiated on a commercial basis, and continued supply depends on, among other factors, availability of gas in the fields. However, the consideration of natural gas as a transition fuel has been met with scepticism among climate groups worldwide on a number of fronts. Natural gas is instrumental in helping countries adjust to sharp and unexpected energy demand spikes, hence the LNG market continues to grow in response to strong global and Asian demand and is key to ensuring energy supplies are delivered securely, said Ms Low. It will also explore a regional power grid and low-carbon alternatives. The city-state began this journey in the early 2000s , as it transitioned away from oil to natural gas, he said. 4. S'pore to strengthen regional collaboration in clean electricity and hydrogen trading, S'pore looking into geothermal energy for power generation, S'pore pledges $10m in new funds, making more investments in low-carbon technology, S'pore inflation picks up in September as food, electricity and gas prices see sharper rise. But if natural gas, which largely comprises methane, leaks before it is burnt, there could be repercussions on global climate. Output from the oil and gas and petrochemical industries here in recent years was valued at US$60 billion but it is expected to decrease due to fluctuating oil prices, unexpected diseases and global geopolitical issues. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Asked on future plans for the coal plant, she said Singapore would continue to improve the technology or retro-fit certain parts of gas-fired plants to improve efficiency and produce much cleaner energy. Access EMAs archives of past releases, speeches and replies. By registering, you agree to our T&C and Privacy Policy. Historical Town Gas Tariffs from 2007; List of natural-gas companies, manufacturers and suppliers in Singapore See here for a complete list of exchanges and delays. With the CAGR of X.X%, this market is estimated to reach USD XX mill Singapore LNG Terminal provides storage of LNG and injects regasified LNG into Singapores gas network. Natural gas has to be cooled to minus 162 deg C so that it turns into a liquid form for safe transportation. Minister for Trade and Industry Chan Chun Sing speaks during the opening of the Singapore International Energy Week at Sands Expo and Convention Centre on Oct 29, 2019. plugged into a regional power grid to trade electricity, Singapore to do its full part to tackle climate change: PM Lee, Singapore will tackle climate change with nature's help, Singapore to develop first virtual power plant to link and coordinate energy resources, Singapore to ramp up solar energy production to power 350,000 homes by 2030, Renewables can help South-east Asia meet climate and growth targets, Climate of Change: Special reports by ST correspondents. I made cold calls 40 . This includes accelerating the deployment of solar power, working with our neighbours to develop a regional energy grid and importing up to around 4 Gigawatts (GW) of electricity by 2035. Town gas is produced by City Energy Pte Ltd, whilst natural gas is imported from other countries via licensed gas importers. LNG is readily available and expands Singapore's fuel options for its energy requirements. Access to experts. Indonesia plans to switch the gas supply to meet domestic demand, highlighting another key trend in Asia's energy markets -- depletion of domestic resources that is forcing traditional exporters to divert resources for their own use, and the rise of resource nationalism. Town gas is produced by City Energy Pte Ltd, whilst natural gas is imported via licensed gas importers. In Singapore, Sembcorp is responsible for the country's first and largest privately-developed independent power plant, which is also the country's largest cogeneration facility at 815 megawatts. The absence of domestic gas production combined with high domestic gas consumption makes Singapore relatively vulnerable to natural gas supply disruptions. The share of LNG in Singapore's gas demand has grown from 11% in 2013, and is set to account for more than half by the middle of the next decade as piped gas suppliers back out, traders estimated. Commodity Prices and Essential Market Data. The future of energy. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Handbook on Gas Supply. Ministry of Trade and Industry14 February 2022, https://sprs.parl.gov.sg/search/sprs3topic?reportid=written-answer-9937, UPDATE ON STATUS OF CPIB INVESTIGATION INTO SINGAPOREANS INVOLVED IN KEPPEL OFFSHORE & MARINE CORRUPTION CASE AND ACTIONS TAKEN, ENHANCING SECURITY OF DIGITAL BANKING FOLLOWING RECENT SCAMS, Latest Parliamentary Questions (By Theme). about 95% of Singapore's electricity is produced from . EMA also works closely with PowerGas to review the natural gas transmission network plan annually. Yet, harnessing solar power will not come without challenges, including cost, urban shading and the intermittency of sunshine due to cloud cover, for example. "This ensures that power supply remains stable and reliable during such low-pressure situations," the government agency said. See here for a complete list of exchanges and delays. In the longer term, Singapore could be plugged into a regional power grid to trade electricity with its neighbours, which would increase its energy security, even as the Republic invests in research and development in other low-carbon technologies that, unlike solar energy, had yet to become commercially viable. The excess capacity has been used for independent trading activities so far, but will be needed to replace declining pipeline supply. Occasional low gas landing pressure from South Sumatra also resulted in unplanned curtailments from October 2021 to December 2021. The industry leader for online information for tax, accounting and finance professionals. The EMA update potentially signals that Singapore's pipeline gas supply from Indonesia is likely to be increasingly unstable and may push suppliers to look for long-term alternatives including more term LNG contracts. This further increased the terminal's send-out capacity to around 11 Mtpa. Singapore has two standing agreements with Indonesia for the supply of pipeline gas -- the first for gas from offshore fields in the Natuna Sea and the second for supplies from the Grissik plant in South Sumatra to Singapore via Batam. The outlook of Supply and Demand of Oil, Gas, LPG, Gasoline, Fuel Oil, Diesel, LNG, Primary Energy Demand, GDP, and Population to 2028. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Businesses can go to gobusiness.gov.sg/covid/ for more information regarding the temporary suspension of activities. Indonesia's energy minister had said last week that the country would extend its gas supply contract to Singapore, but that the distribution volume is expected to be lower. Singapore Natural Gas Supply News Monitoring Get by Email RSS Published on Dec 1, 2022 Deputy premier: New gas pipeline project to Samalaju expected to be completed by end-2025 File photo of. Specialty. When burnt for energy, natural gas produces less planet-warming emissions than other fossil fuels such as coal and gas. The Energy Market Authority is the government agency that oversees Singapore's electricity and gas sectors. Based on current demand and supply projections, EMA expects additional regasification may be required only in the later part of the next decade. Singapore's utilities source 95% of the country's electricity from natural gas and its gas supply comes via pipelines from neighboring hydrocarbon exporters Indonesia and Malaysia, and also from seaborne LNG cargoes. SINGAPORE (Reuters) - U.S. liquefied natural gas (LNG) developer NextDecade Corp announced it will increase the volume of LNG supplies in a sales and purchase agreement signed with China's ENN Natural Gas Co. Ltd.. "The ability of the non-affected Gencos to generate more electricity was also constrained by their contracted daily gas supply quantities and the operating limits to maintain stable and adequate gas delivery pressure in the gas supply system," the EMA said in its update, but added that no breach of market rules was determined during the disruption. 31.27 cents/kWh Natural gas plays a vital role in meeting Singapore's low-carbon energy needs and is supplied via Singapore's efficient gas distribution network. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The offshore terminal could also be part of a larger value proposition, like supporting floating power plants or harness cold energy, as LNG is stored at supercooled temperatures, the document said. Singapore's utilities source 95% of the country's electricity from natural gas and its gas supply comes via pipelines from neighboring hydrocarbon exporters Indonesia and Malaysia, and also from seaborne LNG cargoes. 4. 2023 by S&P Global Inc. All rights reserved. The agreement covers the shared long-term time charter of a new generation LNG bunker vessel (LNGBV) to be commissioned . The new offshore terminal will also add Singapore to a growing list of Asian countries deploying floating infrastructure. Singapore has and will continue to diversify our natural gas import sources, to ensure that we safeguard our energy security and resilience. Singapore has limited access to renewable energy options such as geothermal or wind power, Mr Chan said during the opening session of Singapore International Energy Week. Singapore does not have significant renewable energy resources and has to import most of our energy supply for power generation. A set of rules called the Gas Network Code governs the activities of gas transportation, providing open and non-discriminatory access to the onshore gas pipeline network. Chapter 1 - The Dream Chaser, 2014<br>"I have lots of things to prove to myself. "Therefore, LNG will continue to play a pivotal role in a country's transition to clean energy. Copyright 2023 SPH Media Limited. Receive daily email alerts, subscriber notes & personalize your experience. It said this coincided with a planned curtailment for maintenance and the overall reduction accounted for up to 16%-20% of the total gas supply to Singapore. It is a hub for physical LNG trading and regional redistribution. Historical Town Gas Tariff. . Today, about 95% of Singapore's electricity is generated using natural gas, the cleanest form of fossil fuels. Singapore's Pavilion Energy works with GSPL to provide gas buyers with access to piped natural gas and liquefied natural gas. The reduction in supply from Indonesia will be replaced by new PNG contracts or alternative sources of gas such as Liquefied Natural Gas (LNG). In July 2014, Sembcorp completed its second combined-cycle gas turbine . Singapore-based traders said utilities will be prompted to tie up for more gas supply from companies like Temasek-owned Pavilion Energy, energy major Royal Dutch Shell and commodity trading house Trafigura, which are likely to benefit from higher LNG demand. Its free and easy to do. Reporting by Emily Chow; editing by Jason Neely, BOJ defies market bets for policy tweaks, yen tumbles, Russia posts record current account surplus of $227 bln in 2022, City officials seize four aircraft of India's Jet Airways, CNBC-TV18 reports, Explainer: What's at stake in Turkey's upcoming elections, Turkey's Erdogan signals May 14 date for his biggest election test, Bank of Japan has learnt danger of half-measures, India 'strongly supports' Sri Lanka debt restructuring plan, it tells IMF, Davos 2023: Saudi Arabia taps unconventional sectors for jobs -minister, See here for a complete list of exchanges and delays. There is no certainty that expiring contracts will be renewed. EMA has been working closely with PNG importers and key gas users in Singapore to better manage the balance of gas supply and demand. Natural gas is used as raw material to produce fertilizer, chemicals, and hydrogen. Compared with natural gas, hydrogen is considered a cleaner fuel as it produces no planet-warming carbon emissions. "Under standard operating procedures, generation companies will switch from piped natural gas to alternative fuel sources such as liquefied natural gas or diesel should gas pressure drop below certain levels," the EMA said. Sun Cable, a company working on a A$30 billion (S$28 billion) project to supply solar power from northern Australia to Darwin and Singapore has collapsed, despite backing from billionaire . SINGAPORE, Nov 4 (Reuters) - Indonesian oil and gas group Medco Energi Internasional Tbk (MEDC.JK) (MedcoEnergi) has signed an agreement with Singapore to continue supplying the city state with gas for five years, beginning August 2023. 3. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 2. Investing in LNG infrastructure needed as natural gas is critical to clean energy transition: Low Yen Ling, All done! Traditionally, most of Singapores supply Singapore relies heavily on gas for industry and power generation, with 95 per cent of the Republic's electricity generated using natural gas. Last Updated on 09 December 2022, 100 MW Electricity Imports Trial from Peninsular Malaysia, Piped Natural Gas and Liquefied Natural Gas, Licensed Workers/Application and Renewal of Licences (ELISE), District Cooling Legislation & Regulations, Electric Vehicle Charging Systems For Singapore, Research Innovation, Enterprise and Deployment. This means the use of natural gas can worsen climate change. Natural gas is the cleanest form of fossil fuel and . When compared with diesel, natural gas produces about 30 per cent less carbon dioxide emissions, figures from the US Energy Information Administration show. Said Mr Chan: "We will continue to rely on natural gas for the next 50 years for a substantial part of our energy needs.". These will need to be supported by alternate sources, which should ideally have lower carbon emissions. To ensure the reliability of Singapores energy supply, EMA adopts a forward-looking approach in planning for Singapores gas network and monitors the development of the natural gas transmission network. Vigti is a spin-off from the project which was successfully completed early this year and there are plans to scale this up further, said EMA. She noted that a number of countries, such as Australia, Japan, New Zealand, South Korea and Britain, have spelled out their hydrogen strategies and indicated national and corporate interest in developing hydrogen supply chains. You have reached your limit of subscriber-only articles this month. Singapore, North West Europe (including Amsterdam, Rotterdam and Antwerp), as well as China coastal areas. . Further technology developments will be needed to minimise such impact, she added. PNG from Indonesia is injected into Singapores gas network via Sakra Onshore Receiving Facility while PNG from Malaysia is injected via Attap Valley Onshore Receiving Facility. Sembcorp Gas supports businesses on Jurong Island with PNG and is developing solutions to provide off-grid businesses across Singapore with LNG via our trucking . ; Singapore consumes 80,196 cubic feet of natural gas per capita every year (based on the 2017 population of 5,708,041 people), or 220 cubic feet per . The authorities are taking measures to reduce the chance of such leaks, and to boost the reliability of the gas network. "We are still 4-5 years from contract expiry. At Gastech 2023, in Singapore, attendees can be . There are two separate gas pipeline networks in Singapore one is for town gas that is mainly used for cooking and heating by residential and commercial customers. The other is for natural gas that is mainly used for electricity generation and industrial feedstock. Singapore has been looking to build a second terminal on the country's east coast to diversify its supply sources. Read EMAs replies to forum page letters. Besides diversifying our sources of natural gas, we are also transiting to a higher mix of renewable energy, both to decarbonise the power grid and to enhance our energy security. No. It also has the potential to be produced and transported globally through "well-developed supply chains just like oil and LNG", said Ms Low. Qatar and Angola are also significant contributors to Singapore's natural gas supply. Traditionally, most of Singapores natural gas has been imported from Indonesia and Malaysia through pipelines. Our one-stop services on Natural Gas includes: Natural Gas Supply. Don is a commercial consultant and advisor in liquefied natural gas ("LNG" ) business development, specialising in LNG procurement and small-scale LNG, and the commercial development LNG import terminals, Floating Storage and Regasification Units ("FSRUs" ), LNG-to-power projects, and associated infrastructure.<br><br>Don is also a professional independent company director. Like the electricity market, the gas market is structured in a way that fosters competition. Designed by Keppel O&M and built by the Keppel Nantong Shipyard in China, FueLNG Bellina . A third tank and additional regasification facilities were completed in January 2014, increasing the throughput capacity of the terminal to 6 Mtpa, and a Secondary Jetty was added to the operations in March 2014. The July disruptions were blamed mainly on an unplanned shutdown at the Anoa field and planned maintenance at the Gajah Baru field, both located in Natuna. Providing customers a reliable and competitive supply of natural gas solutions. Various offtake stations in Singapores gas network further step-down the gas pressure before supplying natural gas to industrial customers. Petronas gas will be used to supply Keppel's 500MW co-generation plant at Jurong Island from the expected first quarter of 2007. By registering, you agree to our T&C and Privacy Policy. Request for Proposal for Additional Term LNG Importers. Increasing Total Plant Value in Natural and Sour Gas Treating: Handling Mercaptans, CO, and HS . Power generation companies offtake natural gas from Transmission Networks directly. With its head office in Vienna, Austria, the company currently has around 6,800 employees and operates in over 120 countries. "The recent spike in Uniform Singapore Energy Price could be attributed to a number of factors, including higher than usual electricity demand, the outage of several generation units, curtailments of gas from West Natuna, as well as low landing pressure of the gas supplied from South Sumatra," the regulator added. Qatar, UAE energy ministers say gas will be needed for long time ABU DHABI - The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, the energy ministers of Qatar and the United Arab Emirates said on Saturday. Improve refuelling efficiency at Singapore Changi Airport with an end-to-end digital solution. 4. A form of natural gas that can be more easily transported using ships rather than pipelines, LNG can be imported from all around the world. for their operations. It said it had worked with SembCorp Gas Pte Ltd, which was the main importer for West Natuna pipeline gas, to supply regasified LNG to the affected users that included several electricity generation companies. Under the natural gas pipeline network, there are currently two distinct gas transmission networks in Singapore, namely Transmission Network 1 and Transmission Network 2. MCI (P) 076/10/2022, MCI (P) 077/10/2022. Indonesia has previously announced plans to halt supply to Singapore from the Suban Field in the country's Corridor Block, which is managed by ConocoPhillips, when the contract expires in 2023, and redirect gas for domestic use to state-run gas distributor Perusahaan Gas Negara, or PGN. In 2019, 95.3% of Singapore's electricity production was from natural gas, and a large quantity of gas is also used to supply the industrial, transportation and city gas sectors. We are excited to partner Gasum and CNOOC Gas and Power Group to build a global LNG bunker supply network connecting the world's top three bunkering regions, i.e. Indonesia's decision to pull back gas supply has vindicated Singapore's decision to build an LNG terminal that began operations in May 2013 with an initial throughput capacity of 3.5 million mt/year at a cost of S$1.7 billion ($1.25 billion), on the grounds of energy security. Asia is endowed with unconventional natural gas resources such as stranded/remote offshore fields and natural gas hydrates (NGH). EMA had previously funded a project to identify and detect anomalies in the gas pipeline network via a system involving a variety sensors and a computer algorithm. "In early October this year, Asia LNG spot prices surged by 40 per cent to an all-time record high of $56 per million British thermal units amid the global supply crunch. -- Edited by Shashwat Pradhan, shashwat.pradhan@spglobal.com. Copyright 2023 Ministry of Trade and Industry, France-Singapore Digital and Green Partnership, US-Singapore Partnership for Growth and Innovation, Oral reply to PQs on Singapores economic outlook, Written reply to PQ on Energy Efficiency Grant, Written reply to PQ on stockpiling of key food items, Written reply to PQ on renovation contractors, Written reply to PQs on risk of stagflation, Pro-Enterprise Panel - Submit A Suggestion. The Energy Market Authority (EMA) said conventional leak detection methods require intensive human involvement without automation and also rely heavily on customer reports on gas service problems, instead of direct detections. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Natural gas consumption in the industrial sector increased by 4.9% (1.2 Bcf/d), and in the residential and commercial sectors, natural gas consumption increased by 28.6% (10.7 Bcf/d). Utilities will be prompted to sign more long-term LNG contracts. An Oil and Gas professional with over 14yrs experience and expertise in the shipping, export and importation of crude oil, refined petroleum products and LNG around various markets globally.<br><br>Koyejo holds a BSc(Hons) in Chemical Engineering, an Executive MBA, an Executive Management certificate as well as memberships of several professional and social organisations. Learn more about EMAs recent announcements. Singapore Standards and Technical References, 2023 Government of Singapore. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Since putting this in place on 1 January 2022, there has been no further need for gas curtailments; and (b) imposing new Standards of Performance on PNG importers to ensure that they are proactive in ensuring reliable PNG supply. Singapore's power utilities may have to switch to using LNG due to curtailments in piped gas supplies from Indonesia, the country's energy regulator the Energy Market Authority said in a statement Oct. 15.

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