Singapore shuffles its energy make-up
The city state has no indigenous oil and gas output, so is diversifying its energy mix and beefing up its trading efforts
Singapore has a problem. As a small state with no natural energy resources of its own, energy security is an ever-present concern. It also makes Singapore a price-taker, unable to throw much weight onto international energy markets. Diversification of supply has been one strategy to deal with these inherent weaknesses; but a growing presence in energy trading and thoughtful efforts to reconstitute its energy mix are helping too. Singapore has been long aware of the problem. A 2007 National Energy Policy Report was clear, showing the city-state to be vulnerable to energy-supply disruptions, whether due to under-investment or geopolitical events elsewhere. Yet its economic health relies on a s
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind