Singapore Centralizes Gas Purchases to Boost Energy Security
- Gas demand from power-generating companies to be aggregated
- Change will create stable, secure power system, minister says
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Singapore will centralize natural gas purchases in a bid to improve the stability and security of its power sector.
The nation will aggregate demand from generating companies, which will create economies of scale and allow Singapore to negotiate more favorable gas contracting terms and procure fuel from diverse sources, Minister for Trade & Industry Gan Kim Yong said at the Singapore International Energy Week conference.