The Singapore Energy Market Authority's CEO, Puah Kok Keong, confirmed that the city-state has secured sufficient liquefied natural gas shipments to cover its requirements through year-end 2026, reaching a reassuring 100% supply level.
Singapore has secured additional LNG shipments from diverse international sources, including Australia, the US and Africa.
Related ↗British companies halt recruitment amid Iran conflict impact, REC research indicates.Singapore can potentially resell replacement cargoes if the Qatar supply disruption, triggered by the US-Israeli conflict with Iran, is resolved within the next few months, according to Keong's statement.
Singapore's electricity needs are met by Qatar's contribution of 10% of its natural gas supply, roughly equating to one monthly shipment.
Read next ↗Tate & Lyle accepts a £2.7 billion all-cash acquisition from Ingredion.Keong emphasized that Singapore seeks to procure additional LNG from a variety of sources, such as the United States, Australia, Africa and the Middle East.
