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.
The Energy Market Authority has empowered GasCo to centralise gas and LNG procurement for the city-state’s power generation sector. The new entity is designated to buy natural gas from diverse sources and “enter into longer term gas contracts” in a bid to provide “more stable supply and prices.”
In its current engagement phase, GasCo is running a Request-For-Proposal process to evaluate suppliers to evaluate long-term supply agreements, seeking to negotiate lower prices by bundling offtake. The plan is to include a substantial volume of US LNG in GasCo’s portfolio.
From a risk-management perspective, GasCo is preparing contingency plans together with the EMA. A stable long-term LNG supply will help shield against potential disruptions to piped-gas deliveries or shortfalls in electricity imports.
Alan Heng is serving as Singapore GasCo’s CEO. His 37 years of industry experience in the energy sector, includes a tenure as Group CEO of Pavilion Energy until March 2025, and prior to this varies positions at ExxonMobil.
Ensuring affordable energy prices though stable supply is GasCo’s key objective. CEO Heng underlined he does not want a situation where electricity prices in Singapore spike by, 50 – 100 % simply because the country is “uncontracted.” (October 30, 2025, Source: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/114748-singapore-s-gasco-in-talks-to-secure-lng-supply)
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