Govt to manage gas purchases, supply for power sector: Gan Kim Yong

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

AsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there.

, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this

The city state relies on gas to generate 95 per cent of its electricity. The measures are to safeguard the country’s energy security after surging global gas prices roiled the city-state’s electricity market in recent years. “This will create greater economies of scale and allow us to negotiate more favourable gas-contracting terms, procure gas from diverse sources to reduce concentration risk, and enter into longer term gas contracts to provide more stable prices and supplies,” Gan said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.