How has Singapore ensured its LNG supply through the end of 2024 amid Middle East disruptions?

Singapore has secured sufficient liquefied natural gas to last through year-end by procuring spot-market shipments from non-Middle Eastern suppliers—including the US, Australia, and Canada—via state-owned Singapore GasCo Pte Ltd, which shifted strategy after US-Israel strikes on Iran in late February disrupted traffic through the Strait of Hormuz, a critical waterway handling one-fifth of global LNG supply.

What is Singapore GasCo’s long-term LNG procurement target, and what factors influence it?

Singapore GasCo aims to procure up to 4 million tons of LNG per year by 2032, with the exact volume dependent on factors including the availability of piped gas, the commissioning of new power plants, and overall demand growth.

Singapore Secures Sufficient LNG Supply Through Year-End Amid Middle East Disruptions

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Singapore Secures Sufficient LNG Supply Through Year-End Amid Middle East Disruptions

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