Singapore secured sufficient LNG to last until year-end
Singapore has secured enough LNG from outside the Middle East to last through the end of this year, as state-owned buyer GasCo accelerated spot purchases to replace cargoes affected by disruptions around the Strait of Hormuz. Negotiations are underway for long-term offtake from the US, Australia and Canada.
Singapore buys additional LNG from outside the Middle East
Singapore’s state-backed gas buyer GasCo is stepping in to secure additional LNG cargoes as several Qatari shipments were disrupted by the regional conflict. Natural gas is Singapore’s main source of electricity, with about 60% of supply imported via seaborne LNG.
Singapore’s GasCo in talks to secure LNG supply
State-owned Singapore GasCo is in talks with prospective LNG suppliers, targeting operational readiness by January 1, 2026. From that date, the state buyer expected to purchase LNG from a diversified portfolio and supply it to power producer under a new procurement framework.
