It will remain a key part of most energy systems for decades to come, before low-carbon alternatives such as hydrogen become commercially available," she said. No. In Singapore, Sembcorp is responsible for the country's first and largest privately-developed independent power plant, which is also the country's largest cogeneration facility at 815 megawatts. . Natural gas is widely regarded as the fuel for the future. Since May 2013, Singapore has started importing liquefied natural gas (LNG) to diversify and secure its energy sources. First commercial importer and retailer of natural gas in Singapore First to import Liquefied Natural Gas (LNG) cargo under Singapore's Spot Import Policy Reliable Piped Natural Gas (PNG) supplier supplying to the Singapore gas network since 2001 Natural gas pipeline from Natuna Sea, Indonesia John Kerry Responds on the Future of Natural Gas, Wall Street Journal, 25 April 2022. Historical Town Gas Tariff. Historical Town Gas Tariffs from 2007; The contracted volumes for the PNG contracts are revised annually. Improve refuelling efficiency at Singapore Changi Airport with an end-to-end digital solution. This is because methane is a more potent greenhouse gas compared with carbon dioxide. Because of depletion of these gas fields, the quantum is gradually reduced. The gift link for this subscriber-only article has expired. The latest assessment report by the Intergovernmental Panel on Climate Change said methane is 28 times more efficient than carbon dioxide at trapping heat on the planet. As of June 2022, Singapore produced about 90 percent of its electricity from natural gas. The cost of power generation covers mainly the costs of operating the power stations, such as the manpower and maintenance costs, as well as the capital cost of the stations. Borealis generated EUR 8.3 billion in sales revenue and a net profit of EUR 906 million in 2018. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It emits 50 to 60 percent less carbon dioxide when burnt in a new, efficient natural gas power plant compared with emissions from a typical new coal plant, according to the United States Union of Concerned Scientists. We are also working with our partners and the industry and academia to develop emerging low-carbon technologies such as hydrogen and CCUS, and have signed Memorandums of Understanding (MOUs) with various countries, including Australia, Indonesia, Japan, Kingdom of Saudi Arabia, Vietnam, and others, to further our energy cooperation in regional power grid development and low-emission technologies. Power generation companies offtake natural gas from Transmission Networks directly. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Since these initial arbitrations, attention has also turned to Asia, where the LNG market accounts for 68 per cent . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Designed by Keppel O&M and built by the Keppel Nantong Shipyard in China, FueLNG Bellina . About 95 per cent of Singapores Singapore You have reached your limit of subscriber-only articles this month. By registering, you agree to our T&C and Privacy Policy. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. You have reached your limit of subscriber-only articles this month. There remain challenges in deploying renewable energy in many parts of the world, including intermittency of supply, and difficulties in transporting renewable energy over long distances. The EMA has not provided details on scale of ongoing gas curtailments. Providing customers a reliable and competitive supply of natural gas solutions. Liquefied Natural Gas Traditionally, most of Singapore's natural gas has been imported from Indonesia and Malaysia through pipelines. Located in Jurong Island, the facility is used for importing LNG, reloading and regasification and storage. 2023 by S&P Global Inc. All rights reserved. Job . Singapore has limited access to renewable energy options such as geothermal or wind power, Mr Chan said during the opening session of Singapore International Energy Week. China has already hinted at its first batch of oil product export quota for 2023, which has left Norway's state-controlled Equinor has made a commercial gas discovery in the Norwegian Sea close to Singapore's power utilities may switch to LNG on Indonesian piped gas curtailments, China's oil product export quota: What it means for Asia's supply and demand in the new year, Norway's Equinor makes gas discovery near Irpa field in Norwegian Sea, Commodity Tracker: 4 charts to watch this week. There are plans to harmonise Transmission Network 1 and Network 2 in the future. The excess capacity has been used for independent trading activities so far, but will be needed to replace declining pipeline supply. SINGAPORE - Natural gas is a critical element in the global energy transition, so there is a continued need to invest in liquefied natural gas (LNG) infrastructure, said Minister of State. You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. Arifin said the gas will be redirected to the Duri Dumai pipeline and distributed to Sumatra island in addition to new wells that state-run gas distributor Perusahaan Gas Negara, or PGN, is in the process of allocating. Natural gas is used as raw material to produce fertilizer, chemicals, and hydrogen. Some of Singapore's key power producers are Tuas Power, Senoko Energy, YTL PowerSeraya, Keppel, SembCorp and PacificLight Power, while its main gas retailers include SembCorp Gas, Pavilion Gas, City-OG Gas Energy Services and City Gas. electricity is currently generated using natural gas, up from just 26 per cent Singapore's power utilities may have to switch to using LNG due to curtailments in piped gas supplies from Indonesia, the country's energy regulator the Energy Market Authority said in a statement Oct. 15. With the liquefied natural gas (LNG) terminal that commenced operations on 7 May 2013, LNG has started to play a bigger part in power generation. More than 95 per cent of Singapore's energy now comes from natural gas, which it imports in liquefied forms from all over the world and through pipes from neighbouring Indonesia and Malaysia. PNG from Indonesia is injected into Singapore's gas network via Sakra Onshore Receiving Facility while PNG from Malaysia is injected via Attap Valley Onshore Receiving Facility. Indonesia's energy minister had said last week that the country would extend its gas supply contract to Singapore, but that the distribution volume is expected to be lower. SINGAPORE - Solar energy would by 2030 make up a greater share of Singapore's energy mix, but natural gas, a fossil fuel, would still be the Republic's dominant fuel in the near future, Minister for Trade and Industry Chan Chun Sing said on Tuesday (Oct 29). The new offshore terminal will also add Singapore to a growing list of Asian countries deploying floating infrastructure. Published by SPH Media Limited, Co. Regn. "Governments and market players may see this as an opportunity to encourage collaborations, as well as the need to adopt a prudent and scalable approach for the security of LNG supply," she added. "We are working on adopting more solar energy, importing from the regional grid, and exploring emerging low-carbon technologies," she added. Discover more about S&P Globals offerings. Analysis: LNG to surpass piped gas in Singapore's future energy mix, Bangladesh's Jan HSFO imports seen rising 25% on month as power demand rebounds, Western Australia: A test bed for the new global hydrogen economy, Indonesia to halt piped gas sales to Singapore from Sumatra by 2023, Singapore issues EOI for new floating LNG import terminal, Pavilion, Shell, Trafigura likely to benefit from higher LNG demand. 4. Reporting by Emily Chow; editing by Jason Neely, BOJ defies market bets for policy tweaks, yen tumbles, Russia posts record current account surplus of $227 bln in 2022, City officials seize four aircraft of India's Jet Airways, CNBC-TV18 reports, Explainer: What's at stake in Turkey's upcoming elections, Turkey's Erdogan signals May 14 date for his biggest election test, Bank of Japan has learnt danger of half-measures, India 'strongly supports' Sri Lanka debt restructuring plan, it tells IMF, Davos 2023: Saudi Arabia taps unconventional sectors for jobs -minister, See here for a complete list of exchanges and delays. Singapores PNG supply from Indonesia comes from two regions, West Natuna and South Sumatra. PNG from Indonesia is injected into Singapores gas network via Sakra Onshore Receiving Facility while PNG from Malaysia is injected via Attap Valley Onshore Receiving Facility. SINGAPORE - Natural gas is a critical element in the global energy transition, so there is a continued need to invest in liquefied natural gas (LNG) infrastructure, said Minister of State for Trade and Industry Low Yen Ling on Tuesday (Oct 26). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Sun Cable, a company working on a A$30 billion (S$28 billion) project to supply solar power from northern Australia to Darwin and Singapore has collapsed, despite backing from billionaire . Learn more about EMAs recent announcements. Axens is currently active in several markets and is recognized as one of the world's foremost suppliers of technologies, products, services and equipment to the Refining and Petrochemical intermediates markets. Production in Natuna is down 27.5% from its previous peak to 370 million standard cubic feet per day (MMSCFD), SKK Migas spokesman Rinto Pudyantoro said. The lifting of COVID-19 restrictions in China is set to boost global oil demand to a new record this year, the International Energy Agency said on Wednesday, while price cap sanctions on Russia could dent supply. The fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. Minimum consumption 1,000 kWh of gas per month: 20.73: 22.39: Bulk Tariff B Minimum consumption 50,000 kWh of gas per month: 20.18: 21.79: Note: The above tariffs inclusive of GST are rounded-off figures; current GST is 8%. Natural gas is used mainly for power generation and industrial feedstock. Solar power is the most viable source of renewable energy for Singapore and is the centrepiece of its push towards a low-carbon future. It said this coincided with a planned curtailment for maintenance and the overall reduction accounted for up to 16%-20% of the total gas supply to Singapore. Last Updated on 09 December 2022, 100 MW Electricity Imports Trial from Peninsular Malaysia, Piped Natural Gas and Liquefied Natural Gas, Licensed Workers/Application and Renewal of Licences (ELISE), District Cooling Legislation & Regulations, Electric Vehicle Charging Systems For Singapore, Research Innovation, Enterprise and Deployment. Additionally, Malaysia's piped gas supply to Singapore is also subject to similar concerns around pricing and domestic demand commitments. 202120748H. The 654-km West Natuna-Singapore subsea gas pipeline underpins the second contract also due for renegotiation in the middle of this decade. When compared with diesel, natural gas produces about 30 per cent less carbon dioxide emissions, figures from the US Energy Information Administration show. The city-state began this journey in the early 2000s , as it transitioned away from oil to natural gas, he said. The reduction in pipeline gas supply comes after prices of spot electricity futures on the Singapore Exchange, or SGX, spiked in recent days and the operator of the LNG terminal, Singapore LNG Corp., said it was looking to boost gas inventory to bolster energy supplies. Indonesia changes its stance even 2-3 months before the deadline anything can happen," a Singapore-based trader said, adding that fuel oil-linked pricing is the main near-term concern for suppliers. An established provider of fuel products in Singapore for trusted brand names Union Gas, SUNGAS and Cnergy. Singapore will continue to rely on natural gas amidst push to boost solar capacity: Chan Chun Sing, All done! "For example, technologies that allow for long-range transportation and long-term storage need to be developed in a cost-effective manner. The city state's Energy Market Authority last week said disruptions in supply from Indonesia's gas fields in Natuna had contributed to a spike in its spot electricity prices. Minister for Trade and Industry Chan Chun Sing speaks during the opening of the Singapore International Energy Week at Sands Expo and Convention Centre on Oct 29, 2019. plugged into a regional power grid to trade electricity, Singapore to do its full part to tackle climate change: PM Lee, Singapore will tackle climate change with nature's help, Singapore to develop first virtual power plant to link and coordinate energy resources, Singapore to ramp up solar energy production to power 350,000 homes by 2030, Renewables can help South-east Asia meet climate and growth targets, Climate of Change: Special reports by ST correspondents. Others have pointed out that new gas infrastructure could last for a long time, which may not always be consistent with the need to decarbonise economies within a certain time frame. He has occupied . Residential and commercial sector utilize gas as a fuel for heating or cooling purposes. Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. The Singapore LNG Terminal began operations in May 2013 with two storage tanks and an initial throughput capacity of 3.5 million tonnes per annum (Mtpa). 4. Said Mr Chan: "We will continue to rely on natural gas for the next 50 years for a substantial part of our energy needs.". Singapore Projected Annual System Demand Contents 1 Electricity Demand 2 Major Players 3 Natural Gas Demand 3.1 Key Demand Drivers 3.2 Projection of Demand Growth 4 Natural Gas Supply 4.1 Potential New Gas Sources 4.2 Current Gas Supply Projects 4.3 Proposed Gas Supply Projects 4.3.1 Table 1: Proposed LNG Terminals in Singapore Occasional low gas landing pressure from South Sumatra also resulted in unplanned curtailments from October 2021 to December 2021. SINGAPORE, Nov 4 (Reuters) - Indonesian oil and gas group Medco Energi Internasional Tbk (MEDC.JK) (MedcoEnergi) has signed an agreement with Singapore to continue supplying the city state. It said it had worked with SembCorp Gas Pte Ltd, which was the main importer for West Natuna pipeline gas, to supply regasified LNG to the affected users that included several electricity generation companies. They gained large scale client confidence. President Tayyip Erdogan signalled on Wednesday that Turkey would hold elections on May 14, a month earlier than he had earlier flagged, setting the clock ticking on perhaps the most consequential vote in the century-long history of the republic. Like the electricity market, the gas market is structured in a way that fosters competition. All rights reserved. Singapore has and will continue to diversify our natural gas import sources, to ensure that we safeguard our energy security and resilience. For general enquiries, please email to: ema_rd_gpid@ema.gov.sg. Depending on the needs, the network may be extended to meet industrial demand in the north-east of Singapore (potentially up to Lorong Halus). However, the consideration of natural gas as a transition fuel has been met with scepticism among climate groups worldwide on a number of fronts. May 2013. Natural gas will continue to be a dominant fuel for Singapore in the near future as we scale up our other switches. The quantum of decrease of PNG supplies is commercially sensitive, as it will affect the PNG importers negotiations for replacement fuel. The outlook of Supply and Demand of Oil, Gas, LPG, Gasoline, Fuel Oil, Diesel, LNG, Primary Energy Demand, GDP, and Population to 2028. Access to experts. At Gastech 2023, in Singapore, attendees can be . about 95% of Singapore's electricity is produced from . Utilities will be prompted to sign more long-term LNG contracts. In 2021, natural gas contributed to about 95% of the total electricity generated. Singapore has and will continue to diversify our natural gas import sources, to ensure that we safeguard our energy security and resilience. Access EMAs archives of past releases, speeches and replies. Singapore in 2018 imported 9.96 million mt of oil equivalent of natural gas, out of which 71.4% was pipeline gas from Indonesia and Malaysia, and 28.6% was LNG, according to data from Energy Market Authority, the country's energy regulator. The first was signed in 1992 to supply 150 million scf/d of gas to Senoko Power for 15 years. Job Family Group: Information Technology (IT) Worker Type: Regular. The offshore terminal could also be part of a larger value proposition, like supporting floating power plants or harness cold energy, as LNG is stored at supercooled temperatures, the document said. Natural gas consumed for power generation increased by 8.2% (2.6 Bcf/d) week over week. This means the use of natural gas can worsen climate change. Our Standards: The Thomson Reuters Trust Principles. Singapore relies heavily on gas for industry and power generation, with 95 per cent of the Republic's electricity generated using natural gas. Imports of natural gas in Singapore 2005-2021. However, there are still some key challenges to overcome. However, American companies can continue to find export opportunities in Singapore and the region if they are patient. Read this subscriber-only article for free! He subsequently published a letter to the Wall Street Journal on 25 April 2022[2], stating that natural gas is central to a smart and achievable policy to cut greenhouse-gas emissions today, and that innovation in technologies to reduce or capture such emissions in the production and use of natural gas is necessary to support global climate goals. Sembcorp Gas supports businesses on Jurong Island with PNG and is developing solutions to provide off-grid businesses across Singapore with LNG via our trucking . Its free and easy to do. See the latest speeches given at recent events. turbines. SINGAPORE (Reuters) - U.S. liquefied natural gas (LNG) developer NextDecade Corp announced it will increase the volume of LNG supplies in a sales and purchase agreement signed with China's ENN Natural Gas Co. Ltd.. We are Singapore's Global Energy Merchant A global solution provider for energy supply, marketing, trading, risk management and sustainability Our Ambitions To be Singapore's global energy player who promotes LNG and Natural Gas as fuels of choice To be an honourable partner who conducts itself with integrity, fair-play and respect Handbook on Gas Supply. Get unlimited access to all stories at $0.99/month for the first 3 months. The MOU will pave the way for commercial collaborations on these areas of interest and enable both countries to work together on energy transitions while supporting regional decarbonisation. These include: (a) ensuring that generation companies have the option to switch from gas to backup fuels. About 95 per cent of electricity is generated using natural gas here. Good knowledge of LNG and piped gas, ideally with Singapore market experience. As Singapore is exploring the potential of hydrogen to reduce her carbon footprint, importing it and producing it locally via existing natural gas facilities are two available alternatives.