SINGAPORE: Over the last month, as different ministries debated in Parliament at the Committee of Supply, two key speeches on the energy component of Singapore’s Green Plan were made.
While national governments are focused primarily on the domestic challenges of the transition, all countries will find themselves engaging with supply chains that are radically different from those built up during the second half of the 20th century based on hydrocarbons.The best commentaries and analysis to better help you see beyond today’s news headlines. Subscribe to CNA’s Commentary newsletter.This service is not intended for persons residing in the EU.
Singapore has already embraced these changes to import energy for its needs. With the expansion of its LNG terminal completed in 2018, Singapore can steadily reduce its dependence on gas piped from Malaysia and Indonesia. Singapore’s energy diversification strategy now includes the import of electricity. Last October, the Government announced that the country will start to import electricity from Malaysia on a trial basis.On Mar 2, Singapore’s Sunseap announced that they had formed a joint venture with Malaysia’s grid company, Tenaga Nasional Berhad, to invest in renewable energy in Malaysia and import it to Singapore.
Its use in transport in the form of fuel cells is growing slowly. Hydrogen is also being blended with natural gas in heating systems and can be used for generating electricity with gas turbines. For example, the COVID-19 pandemic has revealed the vulnerability of chip supply to demand shocks. Similarly, China’s increasing grip on the global supply of technology minerals such as rare earth metals poses a risk to manufacturers of crucial energy equipment such as wind turbines and batteries.
READ: Commentary: Singapore's oil and gas sector should embrace transition to a green future with confidence
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