It is worth noting that even as Singapore’s piped gas importers and their foreign gasfield suppliers are working out a swap arrangement proposed by Indonesia – aimed at diverting some Singapore-destined supplies to meet urgent domestic needs there – the Republic is starting to look at how it wants to procure future LNG supplies.
The writing is on the wall: piped gas supplies from neighbouring countries – whose own gas needs are increasing just as their domestic gas production is slowing – will dry up sooner rather than later, perhaps even before Singapore’s long-term gas supply agreements (GSAs) with Indonesia and Malaysia expire. Full story
