SINGAPORE – Singapore expects all parties to honour their commitments made under commercial contracts, and the country’s gas importer will take necessary steps to protect its rights and interests, said Prime Minister Lawrence Wong.
Speaking at the PAP conference on Oct 25, he noted that Indonesia announced cuts to its gas exports to Singapore the day before.
Most of Singapore’s electricity is currently generated using natural gas, and a significant amount of gas is imported through pipelines from Indonesia, he added.
“We expect all parties to honour their commitments, and Singapore’s gas importer will take the necessary steps to protect its rights and interests under these contracts,” PM Wong said.
Indonesia said it would cut natural gas exports to Singapore by 31 billion British thermal units per day (BBTUD) from Oct 24. This was framed in Indonesian media reports as part of President Prabowo Subianto’s government moves to prioritise domestic energy needs amid growing concerns over energy security.
The reduction affects gas supplied through pipelines from Natuna and Sumatra, and Indonesia’s upstream oil and gas regulator SKK Migas said the cuts would affect only Singapore because the relevant export pipelines were connected directly to the city-state.
The Energy Market Authority said in response that the reduction in the gas supply from Indonesia will make up less than 2% of Singapore’s total daily gas demand.
EMA spokesman’s said that based on the information from Singapore’s natural gas importers, the total reduction amounts to 17 BBTUD over a period of 18 days.
Read Full Article At Source

