Singapore to centralise gas procurement for power sector ...Middle East

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Singapore to centralise gas procurement for power sector
SINGAPORE: Singapore will be introducing changes to the gas procurement framework for its power sector, according to the republic’s Ministry of Trade and Industry (MTI) and the Energy Market Authority (EMA) today.MTI and EMA said they have also reviewed the current gas procurement framework to ensure that Singapore has sufficient gas from diverse sources for its power generation needs and create a more stable and secure power system.“Having secure and reliable national gas supplies is essential for Singapore as 95 per cent of Singapore’s electricity is currently generated using natural gas,” said MTI and EMA in a joint statement today.Currently, power generation companies (gencos) individual

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