Singapore has launched a new entity, Singapore GasCo Pte Ltd, to centralise the procurement and supply of natural gas for the power sector. This initiative, announced on 7 May 2025, aims to enhance energy security and support Singapore’s transition towards net-zero emissions by 2050. Natural gas currently accounts for approximately 95% of the country’s electricity generation, underscoring its critical role in the energy landscape.
Singapore GasCo, fully owned by the government, will streamline gas procurement processes to achieve economies of scale and secure more favourable contracting terms. The entity will source natural gas from diverse suppliers and engage in long-term contracts to ensure stable supply and pricing. This strategic move is expected to bolster the resilience and cost-competitiveness of Singapore’s power system.
Alan Heng has been appointed as the Chief Executive Officer of Singapore GasCo. Heng brings over 37 years of experience in the energy sector, having previously served as Group CEO of Pavilion Energy until March 2025. His extensive background includes senior roles in planning, operations, and marketing at ExxonMobil over a 23-year tenure.
The establishment of Singapore GasCo marks a significant milestone in Singapore’s energy transition journey. The entity is poised to play a pivotal role in maintaining a secure and sustainable power system as the nation progresses towards a greener future.
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